Comments by "Kenz300 x" (@KJSvitko) on "Nomad Capitalist" channel.

  1. China's economy is much worse than people are reporting. Unemployment is rising. 16 -24 year old unemployment is over 30% Unemployed people are not huge consumers. They do not buy homes. They do not get married or have children. Individuals, foreign corporations and investors are fleeing cities and the country. Numbers reported by the government can not be trusted. Steel production collapse is a good example of the huge decline in the economy. The property developers collapse is starting to ripple thru all its suppliers. Steel is the most visible. More to come. The house of cards built on debt is not sustainable. The Ponzi scheme has been exposed. China's real estate industry is bankrupt. This will impact the rest of the economy and then the rest of the world.
    2
  2. Xi has killed the "Golden Goose" He has moved the country away from a market economy and back to a planned economy with government owned businesses. Unemployment is rising. Property developers are bankrupt. Banks are running out of money. Local governments are broke. The lockdowns caused many small and medium businesses to go bankrupt. Empty shipping containers are pilling up at the ports. Foreign companies and foreign investors have left for friendlier countries. The risks in China are too high.
    2
  3. China is uninvestable. There is no rule of law. There is no freedom of speech. There is no freedom of movement. Internet activity is monitored. Cameras monitor public spaces. No privacy. Numbers produced by companies or the government can not be trusted. New laws put everyone at risk for arrest for spying.
    2
  4. China's economy is much worse than people are reporting. Unemployment is rising. 16 -24 year old unemployment is over 30% Unemployed people are not huge consumers. They do not buy homes. They do not get married or have children. Individuals, foreign corporations and investors are fleeing cities and the country. Numbers reported by the government can not be trusted. Steel production collapse is a good example of the huge decline in the economy. The property developers collapse is starting to ripple thru all its suppliers. Steel is the most visible. More to come. The house of cards built on debt is not sustainable. The Ponzi scheme has been exposed. China's real estate industry is bankrupt. This will impact the rest of the economy and then the rest of the world. There is no 5% GDP. It is a made up number. GDP is 0%. China will export deflation to the rest of the world in 2024.
    1
  5. China is uninvestable. There is no rule of law. There is no freedom of speech. There is no freedom of movement. Internet activity is monitored. Cameras monitor public spaces. No privacy. Numbers produced by companies or the government can not be trusted. New laws put everyone at risk for arrest for spying. The government manipulates all business and government statistics. State owned corporations are puppets of the government and its policies. Companies and the stock markets are not free and fair. Manipulation and misinformation are everywhere. There is no 5% growth this past year. That is a made up number. The is no growth. 0% The economy is contracting. China's media is all state propaganda and can not be believed or trusted to tell the truth.
    1
  6. China's economy will further decline in 2024. There will be stock loses. Bond loses, more property developer bankruptcies, more retail store closings, more bank bankruptcies, more local governments going broke and more unemployment. China has not hit the bottom yet. More pain to come. Only a huge national government bailout can slow the decline and the damage.
    1