Comments by "Kenz300 x" (@KJSvitko) on "Biggest Home Sell-off in Decades, No Buyers, Chinese Say No to Mortgage Slave,More Funds to Flow Out" video.

  1. China's economy is much worse than people are reporting. Unemployment is rising. 16 -24 year old unemployment is 20% 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.
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  2. Foreign companies and foreign investors need to get their money, if they can, and get it out of China. The CCP has killed the Golden Goose. China is no longer the worlds manufacturer. Xi has moved China away from a market economy and personal freedoms. People hate when what little free speech and freedom of movement they had are taken away. The lockdowns showed how brutal the government can be even to its own people.
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