China’s Fake Rich: Bought a Million-Dollar Luxury Car, but Can’t Afford to Fill It Up

When we mention the term 'poor,' we often envision those living in dire poverty. But in today's society, especially in China, a surge of 'New Poor' has emerged. Particularly after three years of stringent pandemic controls and an overall economic downturn, major cities like Shenzhen, Guangzhou, Beijing, and Shanghai are witnessing an increasing number of these individuals with limited options.
#poor #shanghai #shenzhen #beijing #chinaobserver
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[@marcomarc151]

A teacher of mine once said; It's better to have an ugly and cheap bag, yet has money in it, Rather than having a beautiful and expensive bag but has no money in it.

[@jaycho6747]

I use a plastic bag so I don’t get robbed.

[@dukebbb6539]

That expensive bag is sometimes purchased with debt.

[@rockersstone619]

My mother teach that to me too. What for having hermes & gucci handbag when you can’t afford to buy a bowl of noodles with an egg. 😂😂😂

[@astralclub5964]

Ch*na forgot that it owed everything to the goodwill of the USA and the West. The process of remembering will be painful!

[@yesudasnaidu3541]

I just don't understand the lure u get good quality stuff at every price point

[@michaelqu]

There's a saying, you're too poor if you have to pretend to be rich.

[@mpirokajosephmgcokoca2355]

Doing things within your budget

[@AaronSchwarz42]

Rich Dad (Cheap used Toyota) / Poor Dad (New BMW)

[@ReloGP14th]

No need to a saying statistically poor people tends to buy lot of luxury brands to show that they arent "poor" when they are in the 10% of the poorest. rich people usually dont buy from a brand and have custom clothes tailor to them

[@Big_Blue_Monkey]

I know a Brit who bought a Ferrari and barely drives it because it's too expensive to run. He's also worried about it breaking down because to fix it will cost a fortune. Personally I really don't see point of owning it if you can't use the car, it's just an over priced ornament sat in the garage.

[@adameve2647]

He should have bought a Toyota

[@johntang4108]

Why not just hire one when you need to show off. You can tell others you have lots of expensive cars now renting them out as business.

[@sbfhawk4343]

Millonaires do not buy Ferraris. We buy Toyotas , Acuras or Hondas Second and Mercedes, and Porsches last....Get it right..

[@staticbuilds7613]

Had a neighbour crash their car into mine one night. Didn't want the insurance involved for the same reason. I told them, if you can't afford the repair or insurance then you can't afford the car. Two more small crashes later and now they wear glasses. The crash was the front side being damage, enough for the insurance to cover and nothing major

[@MyJourneyToAWholeBitcoin]

See it all the time - people buy a nice expensive car, but put cheap tyres on it and the cheapest E10 fuel. What's the point of all that horse power if you put the lowest octane fuel in there!?

[@jackcat3745]

The USA is no better, 40% of the people do not have $1000 in bank.

[@dead.byjawn4866]

More than 40% easily

[@hampopper3150]

Its because of credit cards as people risk life and limb over credit scores to get loans.

[@MeiinUK]

Ask yourself today, how many are in these tech companies, or media empires? Shielding away everything ? To me.. it is either...1) government, 2) military or 3) media...

[@TheCrazierz]

My car is expensive but I at least can fill it with gas lol

[@alejandraparker7272]

THAT DOESNT INCLUDE MEXICANS. MEXICANS LIVE 10.OR 15 TOGETHER SO THEY CAN SAVE MONEY. SO THEY ALWAYS HAVE MONEY.

[@statostheman]

In my circles, we've a saying: "The poor dress in the clothes of the rich man, while the rich dress in ordinary clothes".

[@EzraMerr]

Exactly

[@Patrick_Cooper]

Not me I am poor white trailer trash, an I look the part... Almost only have Walmart cloths and stuff.

[@talkinghand122]

This is true. People like to show off what they don't have. Like living in a crappy apartment in a bad neighborhood but driving an expensive car. BREAKING: 55 Chinese sailors fear dead from submarine accident. It got stuck in its own trap, set to ensnare US and US allies submarines.

[@surfside75]

Yes, but if your going to be put in jail for "whatever we choose -ccp" why bother saving for tomorrow. Enjoy your life today if there is no guarantee for tomorrow. 😅

[@thecolorhero1078]

Ok but being stylist is neither.

[@adonisfernandez3425]

The problems of consumerism are not unique to China. What sets them appart is how strong the fluctuation of cash has been. They went to riches to rags in months, not even years. People with incomes of 2 or 300,000 dollars a year lost their income source and have no chance of find a similar one EVER.

[@MrMarinus18]

It's why good functioning public services and social safety nets are crucial. Unfortunately China is so horribly corrupt and the government has so little accountability that they always fail at these things.

[@faustinpippin9208]

thats what happens after useless lockdowns poor get more poor, rich get more rich wef accomplished all their goals with these lockdowns' and you cant even see it...

[@patrickt49]

This is why one should always save and invest. Problem is people who aren't used to high incomes blow through their finances and can no longer replicate what once was. So in the end, despite how much their earning were, they're left with net zero.

[@agentxyz]

Covid destroyed a lot of businesses. Corruption in China is more rampant. They have minimal regulations and enforcement. Tofu-dregs construction and products such as deadly milk powder destroyed their reputation and businesses are fleeing like Hasbro. but as US deregulates -- companies are doing the same predatory things and environmental destruction will increase

[@mabeSc]

Was about to say the same..

[@zerodegreescelsius]

Yup, they are everywhere. People who own flashy cars but gripe about fuel and parking fees.

[@lakeline6317]

That is happening in many places outside China too. Here in Australia, many people, especially Millenials, are piling up a massive amount of debt. Is all Roses when you can afford it, but with the interest rates going up, people need more money to service those debts. The worst thing is, that most of the debt goes into luxury items just to show up and look successful not into investments.

[@ArariaKAgelessTraveller]

Iphone, sport cars, luxury watch, jewelries, and rich looking apartment there are some other, but somehow many youngster think that if their parents can afford all of these before, so can they

[@wykydytron]

It's nothing new, there was always massive number of people living above their status just to end in debt. No matter how good economy, stupid people will always end with debt.

[@user-uv8wc5qr9h]

Well clothes are literally an investment, I.e to purchase vestments. China really should stop being so capitalist...

[@automatic5]

tbf u take nothing with you in death not even debt

[@metallooily7606]

We used our computers & our handphones until its lifespan demised as innovation always outlive the products.

[@nikolaradakovic5050]

Zero compassion for them. When they are on a high they behave super arrogant.

[@GNerdful]

in Britain we say these kind of people have "fur coat, but no knickers"

[@ginger_toggaf]

that sounds more like a kink

[@patriot925]

In Texas we say, "Big hat, no cattle."

[@PuPuChangg]

In Maryland we say "When I close my eyes, I can't see"

[@brysoncherry9884]

I also like "sizzle no steak".

[@thebram]

Well, a lot of people bought iPhone but could not even afford mobile data, just depends on shared wi-fi of coffee shops.

[@TheMeloettaful]

For all these years ever since I started carrying a mobile phone I've always been a Tracfone customer. I won't lie and say I never wanted the more fancier EXPENSIVE phones. But I know I am much more better off sticking with what is AFFORDABLE for me. I can't even imagine how much people would spend on mobile data for an iPhone, let alone paying month to month for phone service 😬!

[@borrisg4972]

Tmobile is $50 for unlimited talk text and data, and 15GB (I think) a day to run as a hotspot. With the ACP (which sadly is ending very soon) it's only $20 a month. Their cheaper plans are fully free with the ACP. If you can afford it, get the cheapest smartphone on sale and get real service. The only problem, with ACP ending, the best discount will be $10 off the bill maximum. The cheapest smartphone with the cheapest service is infinitely better than anything (and everything, I've had many types of their phones) Tracfone has to offer. Considering you have to spend money for Tracfone to be passably usable (for free you get what, 250 minutes and 100 texts PER MONTH with their smartphones and 500 with their oldphones) you might as well spend it on a non shit service.

[@CJBradley]

Reality check.! If you have a mortgage you don't own your own home, the bank owns it, you just hold the debt.

[@funnatopia704]

Same with cars, yet people don’t make the same comparison for some reason.

[@TheGodpharma]

That isn't technically true. You do own the house, as long as you keep up the payments.

[@TheCrazierz]

Ok, that's not true. You owe it, paid for by a loan, which if you don't pay, you forfeit said home. You want shit for free?

[@SwaggMessiah69]

No, by law you own it. If you want to be specific financially you own the equity/market value of the house.

[@H0DLTHED0R]

Even after paying off your mortgage if you live in a city that collects and charges you property taxes, it's still not yours because the moment you fail to make payment they repo your hime!

[@TheMrB]

I hunted for ages to find a power washer not made in China. Found a German one, snapped it up. No more Chinese junk for me.

[@johntang4108]

Thanks god you can afford to buy one these days. You can always buy junk products not made in China.

[@JeanKader-k7s]

Why didn’t you pick a Karscher to begin with ? Chinese products some are good some are less. But you pah for what you get …

[@youngmoney7018]

In China most times you get what you pay for, Apple products are made in China too

[@marktazidomingo]

​@@youngmoney7018until the apple company shifted their production country to Mexico 😂😂😂😂😂, apple made in china are easy to break

[@AaronSchwarz42]

I try to avoid anything made in China too, but it's not always possible. Official Akropovic slip on $458, on sale $348, used on Ebay $131 shipping out of Hong Kong, but even the real one comes out of China too, so I saved $236 on Ebay buying a used one, but its just a metal can and pipe with clamp and some fiberglass - hard and impractical for me to fabricate one from scratch at the same cost, given the need for tools and materials would be more expensive than the full price new official one.

[@ronnelacido1711]

It must be so difficult putting up a facade just for the sake of appearances. Those "new" poor pretending to be rich have adopted a dual identity because losing face would be worse for them. A hollow existence that hinges on how much money you got.

[@silentwatcher1455]

Very common in the Philippines.

[@MrMarinus18]

I think one of the reasons why it's so bad in China is because the CCP has utterly destroyed any sense of community or culture. Consumerism is really all they have.

[@seekittycat]

There is a belief of rich attract rich. Like by looking wealthy you'll attract wealthy friends/coworkers who will help you succeed.

[@MrMarinus18]

@@seekittycat And unfortunately they are correct in that. The hing is the odds of that happening are still incredibly low but they are higher than actually working hard cause that won't get you anywhere.

[@MrMarinus18]

@@seekittycat The truth many Chinese but also Americans and Europeans don't want to accept that in today's economy social mobility is pretty much non-existent. The only way to become rich is to be born rich.

[@steveforbes8287]

I believe that's what we used to call "Keeping up with the Jones Family"!

[@goodnightmyprince6734]

Keeping up with the Jinping's

[@michaelwin83]

Keeping your mouth shut

[@deanchur]

I work as a bartender and even still I've managed to put away a year's worth of expenses, no tips. How people manage to put themselves in a situation where they have a lot of material goods but are less than a month away from bankruptcy is beyond me. The need for external validation can be a real financial demon if you don't reign it in.

[@mathews749]

It’s not always about that. I have a 3.2k a month payment for living. I have 400 a month payment for two older vehicles. Insurance. I have 2 kids I pay for school, food, clothes, insurance & extra curricular activities to keep them on a good path. My wife is disabled and can’t work, it is on me yes, but it isn’t because we’re greedy or materialistic. Our markets have left us behind. We sold out our countrymen for profit and when you look around it shows.

[@cashkitty3472]

You will win on life because as you get older your earning potential will grow. I remember saving on 23k sterling and now I'm on 68k sterling now own horse and flat. Got my first car last year. Buy assets that don't depreciate first

[@c.fyffe0]

I'm a penny pincher as well

[@StillJustD]

@@mathews749nobody forced you to have kids or have multiple cars. Don’t blame the markets, blame your bad choices. Should have put more in the bank and invested BEFORE trying to start a family you CLEARLY can’t afford to take care of!

[@mathews749]

I make $120,000 on a single income before taxes. I take care of a disabled woman, HER daughter that another man abandoned and my own child we had before she fell ill and had to stop working. I understand in your little Utopia world you can’t fathom something like that happening, but my family lives in the real world. We just get by, but when it comes to doing anything else like paying for meaningful experiences like a trip, covering medical expenses and medications insurance won’t, saving money for my children to go to college.. my retirement.. you know, things that matter, it’s sacrificing one thing for another. You say “two cars” like I couldn’t decide between Lambo and Ferrari and bought both. No.. I have a 2014 accord and a handicap van that we NEED. Our government has made MANY choices that have affected our economy negatively, while at the very same time, allowed businesses in other countries to thrive. And don’t even get me started on the inflation that was 100% avoidable. I haven’t made poor choices, I’ve made normal choices and worked harder than many just to sustain. I’ve stepped up where many men would have ran away and given up. Don’t talk to me about choices. Based on your attitude the hardest choice you probably make is pepperoni or steak hot pockets. Twat

[@AFRIKTODAY]

consumerism is not CAPITALISM! Consumerism is was designed by corpocratic entities aligned with the State to control and manage society but discouraging the " capitalist" vertues of thrift, self reliance, and savings. Capitalism thrives under savings, long term thinking, and hardwork. Consumption spending is not one of its focal point. Capitalism builds savings while consumerism overspends. let's never confuse both concepts!

[@americanfreedomworldpeace]

Yes it is, look up the definition. Corporations WANT you to spend while they hoard wealth

[@Menschliches_Wessen]

So like father and son?

[@SanchezSunil]

Typical Randian

[@tttran60]

It looks like the Chinese are catching up with the American way of spending.

[@okman9684]

Capitalism?

[@pxh6129]

@@okman9684 Capitalism, with Chinese characteristics.

[@EzraMerr]

​@okman9684 corporate socialism is not capitalism it's branched as "fascism" 😂

[@shaf3006]

living on plastic 😂

[@markgarin6355]

Alas no.....we might buy stuff made in china....we don't buy fake Western things from China.

[@xue.0w0]

I'm very glad that I live in a place where just what looks good is enough, not caring much about the brand. Plus the fact that we flex the good things we bought for cheap lmao

[@akriminsoe4168]

Same here. They will competing how much discount they can get 😂

[@JrneyLwi-it4dq]

Bro where is this place? , I really want to be amongst people with similar values

[@RachellMangosan-mv7dw]

Karma to the evil bully. Along with their lies. Their arrogant. And greed. And their fake map. And fake 10 dash line. And their abuse in power to the other country. In their evil evil deeds in land grabbing. The things that don't belong to them.

[@majinboo6377]

thats the problem, age limit in career. they expect people born 25 years ago to be competent as people who are luckier to be born 25 years later.

[@spleancrush]

yea such stupid thinking

[@AnBS3]

Spending the money you don’t have is not sustainable. They’ve learned it a hard way.

[@johntang4108]

American never need to learn this way. When they are lacking of money, the US government can always print more paper money like playing monoploy game.

[@motoKJ]

​@@johntang4108China does it worse with secrecy and the control of the CCP. In the US everybody knows it but no one takes action

[@mickeyk8380]

​@@johntang4108 A true CCP warrior you are

[@Chris.Davies]

Spending money you don't have can be a fantastic way to make money. Just how ignorant are you, about money? When you buy a home, you borrow the money to pay for most of it, and create a great profit over time. Despite the interest!

[@joem0088]

Look in any Western marina. You'll find most million dollar boats sit there 90% of the time. Owners can't afford to fill the tanks.

[@minle8702]

Nor can they buy the time to use said boats. Money time energy The triad

[@stoundingresults]

I used to work across the street from a Marina in San Diego, CA. Many New Zealanders and Australians were buying sail boats and sailing them back to Australia areas in 2008 recession. Even a Russian did it, I guess the prices were super cheap to buy. I also heard the phrase the only 2 days when you are happy with a boat is the day you buy it and the day you sell it.

[@joem0088]

@@stoundingresults In 2008/2009 all yachts were cheap. I bought a 15M Sea Ray at half price, and shipped it to the Far East. Shipping rate was cheap, about 50% of pre-Subprime crisis rates.

[@leonhenry4861]

Could it also be that they’re so busy they don’t have time to use them 😮

[@Chris.Davies]

Nope. Boats are massively expensive, even when not being used. Just mooring costs a fortune. No - Rich people don't use their boats often, because they are too busy making money. Poor people don't buy boats.

[@Maximus0187]

President Xi said if you are poor and go find a sugar daddy or sugar mom to have luxury life. 😂

[@alekpd2940]

The question is, what’s not fake in China?

[@Bleu_Sky]

The grass

[@AB-dx1co]

​@@Bleu_Skyprove it😂😂😂😂

[@xostler]

Oh I know this one! Government corruption isn’t fake!

[@Super-Saiyan-Blue-Gogeta]

@@Bleu_Sky They literally spray paint the ground and bad looking grass green. (They do this to a lot of the environment to put on a facade that everything is "prosperous & healthy")

[@akiij]

Recent fireworks for Asian games 🤣

[@sc0rpi0n0]

They didn't buy these to use. They buy to resell. Also as with expensive cars, it's just sometimes it's hard to borrow money from a bank, so they get car loans instead, and then they resell the cars at 10% loss for money.

[@stormryder4305]

If that the case, then they shouldn't have any problem with fuel and parking fine, should they? Because they aren't going to use the car, anyway.

[@dxp96]

@@stormryder4305 some people do that, but its weird you cant refuel your $350,000 car.

[@yunisblu3412]

$38,000/yr is considered MIDDLE CLASS??? WHAT? lmao!

[@josefeibl8230]

40 years ago! I was 22 making about that in 1987. One and only time I had a car loan. Bought a Corvette and paid it off in 18 months. Had about 150 cars since. Paid cash. Haven't had a CC for 20 years. Debit cards are good enough.

[@davidwelty9763]

This is heartbreaking. The common people are suffering, while party members carry on like before.

[@ChaosAngel667]

The common peoeple are to blame here for engorging themselves on massive debt to keep appearances.

[@Calmly-replied111]

😢 When you have never had anything and you finally start making money 💰 I just think people wanted to have a better life. Where was the credit education program for people to understand there newest acquired toy (credit card). In the USA a person can go bankrupt and foreclosure is an option. In China the rules are very different 😢

[@wykydytron]

You think declaring bankruptcy will save you in USA? Only way it works is when bankruptcy is not by your fault and make sense from debtors perspective as they now own you and everything you had if it is by your fault you still have to pay your dues.

[@achekholbeckal889]

it's happen all over the world, the ordinary people find it's hard to put meals on the table while politicians make millions

[@keyofenlightenment6560]

If you want to understand the economics of China, u need to start with its politics..

[@ArariaKAgelessTraveller]

It's really the opposite of US, Capitalism economy first, politics 2nd

[@MrMarinus18]

That's no different in the US. There is a ton of propaganda trying to claim economics isn't political but that's wrong. Economics is political and always has been. Most of the poverty in the US is a political choice which benefits the people at the top.

[@mickeyk8380]

​@@MrMarinus18 how would that benefit anyone?😂 You are brainwashed by chinese and russian propaganda videos on KZbin. Blah blah... rotten west, we are great....blah.. yuan better than dollar....blah😂

[@marknorthrup7646]

When a nation or even an individual chose to live in a net negative manner this becomes the result. You can't get more out of any system than what gets put into it. Unfortunately, this country is trying to thrive on theft, greed, laziness, and corruption. This is not a formula for success. It seems that too many people today seem to gravitate towards the easy. We even brag about how much we can make for how little we do. This is shocking to me and should be shameful to anyone with a conscience.

[@alanjenkins1508]

Living on debt is a very short term strategy. At some point economic reality will hit, hard!

[@toddbowers5673]

No the middle class is gone. The last 3 years erased any money we had left over. Corporations were able to lay off and force wages back to an unlivable earnings.

[@skyninja301]

Check out the fly buzzing around the pile of seafood at 13:51. Food safety suffers in both producer and consumer phases.

[@DrTubeman]

Good spot.

[@Metzgeweiser]

I get your point, but they're also seems like they're sitting outside. If it was three or four, I would agree that's nasty. We've all had a fly that just would not leave you alone for one second

[@stupadasol5911]

The main entree just escaped!

[@DesperateForSanity]

Since the first credit card was launched it's been a way of emotionally soothing yourself with immediate gratification, but it's ten times worse with a generation that's been coddled to think they should have everything and never be told no.

[@seekittycat]

They're the one child policy generation with 4 grandparents. With that said they work 12 hours a day 6 days a week that's not spoiled that's insane.

[@DesperateForSanity]

@@seekittycat That's very true about work, but there's definitely a sense of entitlement that's grown worse over the years and it seems more generational than regional.

[@Live-Life-Freely]

If you ever feel the pressure to live a certain way other than just enjoying your life, know that you're weak. If you can endure this "pressure" then you'll come out a stronger person

[@FallenAngel53]

In my town we call that “fur coat , no knickers” 😅 7:07

[@wansworld27]

I don't know if anyone else has experienced this, but when your in top shape and you go for an interview with someone who is abit on the obese side, they immediately don't like you and its obvious they feel uncomfortable. Thing is whatever youtube guru's tell you about the importance of working out etc, most bosses are out of shape by quite a large margin.

[@JulioGonzalez-yc2wu]

Let me simply it for you. It's called being insecure. That's quite an essay you typed.

[@wansworld27]

Alright Einstein@@JulioGonzalez-yc2wu

[@NappyWayz]

1:20 "Owning" a lot of fancy stuff but having ZERO money! Sounds like the American way! 🇺🇲

[@amuxpatch2798]

God Bless US style free market practice at its best, USA,USA,USA sung by Americans (pay check to pay check with easy loans/credits) are the cheer leaders of US federal government ,LOL

[@charlottepeukert9095]

There's nothing wrong with owning fancy stuff, if you can afford it. What brings joy and value to you is a deeply personal decision. Rich people own loads of stuff and why shouldn't they? What makes buying toxic is if you're doing it on credit, that you're unable to repay. It's heartbreaking that people are telling themselves that they'll be wealthy again if they're pretending to be and keep up appearences. That never works. But I can understand them. They're desperately trying to cling to a reality that doesn't exist anymore, but they worked for it and don't want to give up on their dreams. They're residing to a fantasy world where they're wealthy and happy.

[@Big_Blue_Monkey]

Consumerism... capitalism at it's best, convincing you to buy crap you don't need.....

[@NappyWayz]

You all don't pick up on sarcasm. Even though what wrote is true. It is sarcastic.

[@funnatopia704]

Love how people think America is the only capitalist country.

[@hampopper3150]

I wouldn't be surprised if they are also bribing the police.

[@yaiqabsupplanter1252]

😂 and here i thought all chinese were good with money.

[@privatedata665]

Americans are not doing much better . Governments are not a help but more of a burden

[@leepaoyang710]

The sad truth is that most of middle class American are thousands and thousands of dollars in debts because of college loan and car loans. I could list a few more but these two are the most prominent. Although most of them tends to live a frugal lifes. They can never escape debts which is why United States is the land of debts unless you plan not to get a car, go to a secondary school or get a house which is incredibly difficult and most of this debts stick with you for the most part of your lifes. They are just mimicing the life of an American so nothing new about it.

[@komlat253]

Middle class hasn't been a thing for ever .to make the contrast in American life I feel is not very honest . China has issues be generally they also have a huge middle class if u can call it such . America's middle class in deep in debt but not just America, Korea and Japan too.

[@thinkcat01]

American also in debts, but it is easier to be an entreprenuer there than in China. Since western companies are pulling out of China, there is a domino effect. During the pandemic, the govt of USA send money to the individual citizens, not China.

[@MrMarinus18]

In the US most of these could be cancelled quite easily. Unfortunately the political system is too corrupt to do so.

[@JulioGonzalez-yc2wu]

Loans were made by choice. Not by a gun to your head.. just saying. As someone who also has a debt.

[@komlat253]

In America especially for middle and lower class people, debt can be easy but to barrow is much harder than in china . In America u have to be already well off to even have so much debt unless it's like student loans or hospital stuff . U won't get to barrow so much and the punishment is just less borrowing haha. In china there is debtors prison apparently although I've never seen it. From what I've seen ,I heard people get black listed in the market ,so like buying a house or car is not longer possible even if u have the means to pay the whole think or like banning u from leaving the province, taking planes or trains. Like the government literally limits freedom when you start owing too much . But plus side is that u can borrow alot from the government with little means to pay it back or credit. U can be broke and borrow.... but I recently learned that china is stuck in an investment lead growth mindset, so it makes sense that anyone can just go to the bank and ask for money.

[@PeterMasalski93]

Me and my wife have been running a business for years, we don't buy anything, we just reinvest everything into the business and buy real estate. I look like the poorest guy in my neighborhood.

[@leonhenry4861]

Oh my god, such an amazing life you life. Buzz off 😅. Just because you live like a mug, doesn’t mean everyone else has to. If you have it good well done you 🎉

[@PeterMasalski93]

@@leonhenry4861 Yeah well Im laughing with 3 appartments and half a million to the bank while you have to wake up to work tomorrow. :) hahahaha

[@leonhenry4861]

@@PeterMasalski93 Jheez, 500k and only 3 apartments, what’s that these days, lower middle class. If I only had 3 apartments I’d keep it to myself it’s nothing to brag about, especially on the internet. I’m a trust fund kid so I was born with the ability not to work. I love my job and my career so I choose to go in. Big difference between needing to and having to. Anyways, good luck with those 3 apartments I know people who had 100s and lost them all, all because they got complacent with not working.

[@PeterMasalski93]

​@@leonhenry4861 Well as a trust fund kid, you automatically lost my respect. You took daddy's money and probably got anything done through nepotism. I had to run a business for 12 years starting from scratch. So yeah, automatically disqualified. Lol. A trustfund kid bragging hahahah

[@PeterMasalski93]

​@@leonhenry4861 Start with 0$ on the street and try to make it anywhere from there. Until you have done that, you are worthless. You never had to endure all the hardships of poverty, make sacrifices and learn to win. So you like to dress in style because daddy paid the bill. I learned to be happy with a black Tshirt and a pair of jeans. People like you are losers and would probably fail if they had been in my shoes.

[@TheDagmargoh]

why this video 1:10 using Singapore background !!!!!! Singapore this not China......

[@clarencesyleong6332]

dun expect much, this channel's purpose is to make everything in China look negative.

[@JDManiacSport]

Well Singapore is in good relations with China. A lot of China people stay and work in Singapore. 😂😂😂😂

[@thisismonitor4099]

The richest people I know personally well are worth a few tens of millions and drive a 5 year old Ford Fusion which they bought at 2 years old for 16k....

[@makersmark1974]

A wise one would not walk with a flock but create it's own.. ..see everyone smile or do something doesn't necessarily mean one must smile or do the same thing.. ..nothing beats contentment, become nothing and contentment becomes you..

[@numbereightyseven]

Crikey. I'd never hire anyone UNDER 35.

[@ZaKRo-bx7lp]

The under 35 thing is a lie. The real reason why they wouldn't hire him back is because they aren't willing to give him his old salary. They want some dumb and desperate college graduate, so they can underpay them.

[@wendyalda7191]

SK also does the same thing. Ironically, they dislike others that look ugly and poor. Meanwhile, they spend money on plastic surgery and luxury items. They would rather starve or buy cheap food. It's about the facade. Walking like a model K-pop idol or Kdrama actor will help them gain high status and confidence. They believe it will make them get jobs and partners easily. However, they get the same thing. At the job, all of them compete in PUBG game. For dating, both sides are too materialistic. At the end, they can't afford to have a house and start a family. Too perfectionist and care so much what other people say. Expect to get praise but in result having so many debts.

[@ilyasofficial1617]

This happens also in indonesia, where a lot of people are borrowing from easily acquired loan(shark?).

[@minle8702]

Romulan Proverb Make it, so ya don't have to fake it.😂

[@shannobailey2917]

I live in a dumpster in Cleveland but I still have a new BMW.

[@BestFoodAndTravelVideos]

It already appeared in USA as Housing Bubble and now in CHINA in a different form.

[@AnBS3]

It’s time to pay bills for the party that has ended.

[@rockersstone619]

I thought chinese are good at math & accounting lol😂

[@yuliazni3389]

I replaced and bought a new cellphone after 6 years. There are many types of cellphones out, I chose one that can meet the basic needs of an Android cellphone and large memory (supporting system).

[@funnatopia704]

Nobody asked lmao. So random.

[@411smiths]

What a great channel. Never knew I needed this.

[@nufosmatic]

7:26 - That is "Friends" playing on the television. A twenty-year-old television program from the USA on in the pub. What?

[@teonorman1892]

XI should forget BRICS and get his house in order.Don't bite off more than you can chew.

[@AaronSchwarz42]

Very well articulated video, excellence thoughtful commentary, nice research, very accurate, thought provoking and nicely done overall! Thank you so much. Educational and Entertaining since I hate the CCP and this helps me to understand why and why I am also so lucky to live in America. I shared it only my personal X page :)

[@tedthesailor172]

China's response to covid has absolutely hammered the economy...

[@stlouisix3]

it's mostly from current communism; lockdowns etc. are in the past.

[@smug_cat1]

not only that

[@Ezekiel903]

didn't knew that communism is a stronger materialistic/consumer oriented system as capitalism! I always thought it was about sharing, having the same standard of living, free healthcare. no class struggle. Beside that, even without Covid the economy would have collapsed, only a few which manufactured for foreign did well, the rest was about cheating, selling crap products, it was driven by incentives and not real demand. Like the house bubble

[@ryukshinigami13]

It's incredible isn't it? Xi single handedly destroyed the Chinese economy with his zero covid policy. No wonder there's so much turmoil in the upper rungs of the CCP, they all know who to blame for what's happened to the Chinese economy.

[@buckkw5108]

Yeah? China's release of COVID hammered the global economy..

[@HorseRadish403]

The Rich Poor 😂

[@Rome__king]

I wont lie when i was 20 I bought my first corvette working at Walmart with 1400$ monthly payments. Long story short it got repossessed lmao. It taught me better not flex until I can afford it most embarrassing thing ever when something taken publicly. This will be a never forgotten lesson for them lol. The bad news is their economy is crashing when I did this at 20 our market was probably stronger than ever. Being broke in a time you should avoid being broke seems pretty bleak.

[@noneyabusiness6049]

You got a problem, think a Walmart job was gonna cover an overpriced car like that. Don't flex so much u might get jack because it over exposing urself to car thief

[@Rome__king]

@@noneyabusiness6049 you alright buddy? i literally wrote a whole thing about not doing what I did and how it reflected bad judgement at 20.... ?

[@xostler]

@@Rome__kingI’m going to assume English isn’t their first language and didn’t understand you. Noneyabusiness comment was difficult to read lol

[@MK_ULTRA420]

@@Rome__king As a professional hater, he's just being a hater.

[@Shinobubu]

The worst news is China does not have.. **bankruptcy protection.**

[@LocherYT]

Back in school, i once hid my bad marks but my father found out. He scold me and said he is not angry but disappointed. To this day, i remember his words "whatever you do, stand your ground and be honest. Dont ever become like the chinese". I didnt know what that meant because i didnt know anyone chinese. Now many years later, i take this preaching to my heart and life.

[@KeithZSD]

Ever heard of Chinese adage "shining donkey dungs"? It's not only individuals. The whole nation has been like this for centuries, shining donkey dung

[@aadityasah6090]

*Banks- your debt is a asset for us.*

[@robbyjay8119]

China went all in on capitalism..

[@dithium]

Why do i see a few snippets of Singapore in this video talking about China?

[@shaptic95]

Bro 1:07 wtf this is in Singapore. Can you guys authenticate the origin of these image sources

[@michaelwin83]

Shut up no one cares

[@lovephotography1966]

The sad thing is people will see me in public and assume Im on welfare and trying to look like I'm somebody. Yet, I'm a black girl who sacrificed and lived within and sometimes below my means to be where I am today. Retired twice before age 55, living well, BUT, very mindfull to manage my funds. I smile when I'm being judged!🎉

[@glen7k621]

Talking about China but many of the videos and images are in Singapore.

[@Shaorune777]

it's foreshadowing

[@NJVArtimations]

I still don't get why people buy cars that is 70% less functional outside asphalt roads?

[@OldCanadianguy953]

One cannot be depressed by poverty unless one has allowed themselves to be deceived by wealth.

[@shilohbrutalis582]

Wise

[@ReverendKJ]

On my 6th used car; 7000USD total for all of them. I’ll never understand people who flex cash.

[@markchang5285]

The scene in 1:07 is Singapore, not Shanghai! 😅

[@michaelwin83]

U need to chill and pay ur hdb loan

[@boitmecklyn4995]

"you-wayne" 😂🤣

[@jaypetz]

They got lured by the sweet allure of pleasure but got trapped by debt. There will a time in life when spending felt so good but its your choice to live that moment and starve later or livr within your means and live without worries.

[@Chavacano]

Excellent information, Excellent channel. Keep it real. ❤

[@xplodax]

Are you stupid? This entire channel is maintained by AI. AI voices, AI editing, AI negative "news" gathering. There's nothing HUMAN about anything from this channel

[@jesterzubrata]

This is why dont flex stop wasting money to impress other people who not even know you

[@daskritterhaus5491]

when a nation devours its young they are less a threat to the rest of the world. all this then is good news.

[@SteveBueche1027]

You get rich by not spending.

[@ArariaKAgelessTraveller]

Wrong, you get rich by investing wisely and get lucky

[@wingkeechan5329]

No no no... they are not poor... They are the Rich In Debt!!!

[@theGreenleaf84]

Communist countries are more capitalists than capitalist countries 😂

[@PeteCorp]

They all need some Dave Ramsey teachings.

[@SpartanFarron]

Maybe he can fill it up with foot water.

[@fergu588]

This world- wide sorrow, 38k is not enough in america when average rent is 2k a mo.

[@lookstothetroon]

Much like the Trabant that its engine came from, filling up the petrol tank will double the value.

[@Kat-zi2tb]

What's trabant

[@lookstothetroon]

@@Kat-zi2tb east german shitbox made out of compressed russian trousers

[@mariamoran3041]

That reminds me one of my nephews that brought a Ford 250 years ago, he was paying 1200.00 monthly but he didn’t used because he didn’t have left money for gas. Stupidity!

[@shaclo1512]

250 years ago? your nephew is old af lol

[@doctorstrange1893]

@@shaclo1512 he bought the Ford in anticipation of the founding of the U.S.

[@SkyGlitchGalaxy]

This is idiots everywhere. It's consumerism more than capitalism 😂. Capitalism, to me, is freedom. But queuing for iPhones or buying anything because it's "limited", I feel your brain has been high-jacked.

[@graham3368]

Even pigs can fly 🤣🤣🤣

[@LibertyandFreedom4]

GLADLY living below my means as we all should. When Alexander the Great died, he declared that his right should be left uncovered when being viewed, he wanted people to see that even though he had the world in his hands when he was alive, he came into this world with nothing and left with nothing.

[@Metzgeweiser]

Source? Because my history books from school say it was gold with no mention of glass until it was scrapped for coin and remade. He also died near the middle of June in Babylon, aka 50 miles south of Baghdad, so I don't think they would be parading a swollen bloated corpse moments from exploding then entire way from Babylon to Pella. Also, he was not that humble to even conceive of the thought of showing that he was leaving this world with nothing. This is someone that was raised believing he was descended from the gods, conquered the entire known world at that time, and marched his troops half to death through a desert when they wanted to go home.

[@MrMarinus18]

In many ways China is more similar to Africa than to America.

[@AnnaLory-l4u]

Same in the US. Companies don’t want to pay.

[@celestrio]

Im not looking forward when we reach retirement age. All my fellow mellenials will be crying with protest cards on how they have no money to retire while looking behind them with a bmw, mercades, $80k+ vehicles, Gucchi bags, expensive materialistic and unncessary items to survive stuff. The saying, "live life" is taken out of context. Im living on minimum wage and yet i pay all my bills, zero credit card debt, and have some money to enjoy life in modesty. Its possible to have a good life but that depend on your choices uou make in life.

[@d3vilz_lair666]

I made sure before I retired to be debt free,bought a decent SUV for 900 and owe nothing with extra $$ each month...just in case😅

[@choppergirl]

The irony is... The rich who want to stay rich, pretend to be poor. Whenever I've started bragging that I had money, I soon spent or was parted from it by those asking for a handout.

[@CHINESE_PRIDE]

*THE EIGHT NOBLE ENDEAVORS* Every freedom loving country needs people willing to form Grassroots Organizations/Movements. 1) To ensure that our politicians aren't putting the interests of the CCP above our own countries. 2) To support human rights, and preserve freedom & democracy around the world; from the CCP-PLA's undue influences and harm. 3) To elect politicians who will be on the right side of history. 4) To develop tough on China legislation. 5) To expose and weed out CCP corruption abroad. 6) To foster the fraternity of NATO Nations. 7) To stop China stealing land and resources 8) ....anything else necessary. *This is a conversation we all need to be having with each other.*

[@tibedog5629]

"Do not hire over 35" I feel that I haven't been able to get any form of other job or change jobs here in the US and it is obvious due to age.

[@lookman7047]

People are people! Same cases happening in many countries all over the world. The urge to show off what you don't have on social media. 😏

[@bluesea2023]

"pep talking himself" = Every human inside a pyramid scheme i have ever talked to...

[@411smiths]

Keep up the hard work. Awesome watch

[@Ryan-he2qz]

I feal this chinese hard wordworking people. Their aspirations definitley crush like the world trade center in newyork. This is the thing we can eat our pride to stand up again . Live simple with dignity. Important is to be healthy so we can overcome all challenges in our life. Prayer is important

[@Darkest_matter]

Poor: supreme, LV, gucci tracksuits and Jordans. Rich: plain sweaters and pants that look like they could either be $10 or $1000