IMF Calls for Housing Rescue, China Rejects, Communist Party's Real Attitude Towards Domestic Relief

[@l.f.p.8305]

Very educational - thank you 🙂

[@generessler6282]

Thanks Don. The other bit of irony is that the CCP created the economic environment where real estate had been - until the CCP broke the bubble - the only worthwhile investment available to ordinary people: the only way they had any expectation of building wealth. The stock market has been inaccessible (not to mention moribund). Out-of-country markets are off limits by law. The CCP made the mess. Now it's unwilling to move an inch to clean it up.

[@TomTomicMic]

The CCP could pass a law that houses can't be sold until they have a completion certificate then the problem goes away, but they don't make money that way, it's always the Chinese citizens who pay but then they majorly "support" the CCP!?!

[@sleepinglaffey3886]

Patriotism of Xinnie PorkPooh #slopaganda #misery #shillbroth #tubecensor - With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters. -Chinese 🇨🇳 property Ponzi sector, which accounts for 30% of GDP, is crashing -Tofu Exports and Western imports, accounting for 37% GDP, are down. -Foreign investment is falling over 90% compared to it's peak in 2018. -Foreign visitors are down 96% compared to the pre-pandemic level in 2019 with less than 200 americans left. -Consumer prices and pay are experiencing hyperstagdeflation while necessities are undergoing hyper flation. -Youth unemployment hits over 21% (in reality 75%+ after eliminating faked numbers), a record. -It's fast shrinking workforce is 10 years old than neighboring countries. - During the years 1990-2021, the US printed 6.5 time more money while China printed 147 times. - It has printed more money than the US and Japan combined, while it's economy is only half of them. - Current Chinese debt-to-gdp is already highest in the world, at 300%, according to Bloomberg. - This is a macroeconomic nightmare created by the party going way back in 1994 when they took the Tofu money off the international exchange. Now in 2024, the banks and the average little pink have no idea what is the ACTUAL value of anything within the country. Any stimulus from the Central state. will be meaningless and ineffectual because the Central Bank is a part of the Party. Thereby merging both fiscal Central and monetary private policies into one ongoing disaster. Local province officials were doing stimulus spending for decades in tandem of the "Economic Miracle" which will undermine any Central stimulus during an actual depression/recession or more accurately.. HYPERSTAGDEFLATIONARY NIGHTMARE. -- in the future house prices will drop to 10%, youth unemployment will be over 90%+ without streams, and middle class people over 35 will all be laid off with pays trimmed in half. How will you do in a country where real estate companies, local governments, and banks across China have crashed or fled? That is your challenge for the future (will you own a trash house with the mortgage?). Pensions will be laundered and your daily pay will be 1-2 dollars while you drink Poop Water and eat gasoline cooking oil while the Party and Porkpooh eat Tegong Special food supplies. Mengze harvard daughter: lives in US brother: australian green card daughter in law: british green card sister: canadian citizen brother in law: canadian citizen second sister: australian green card second brother in law: australian green card Arctic Catfish Shenzhen: laughs at how Leeks feed her Fei Fei Li the AI Spy and stealer-Has ties to the Party with Tsinghua University WOW SO GOOD AWESOME Organ Leeks #sloprosperity #theskydontlie

[@mikeboate208]

@@sleepinglaffey3886 You lost me at " according to Reuters. " .

[@deanchristie3829]

'Rule-of-law' principles? Since when?

[@jasongraham8250]

This channel is criminally underrated.

[@leighz1962]

Most channels critical of everybody's favorite labor cash cow seem to not get much attention.. except by those seeking it.

[@seraph3761]

@@leighz1962everyone seeks something that consoles them, people pursue easy, not what is hard. Just as no river flows upward.

[@rondewitt6238]

Good to see that the CCP is so worried about ‘moral hazards’

[@Dan8254]

So noble of them right?

[@rursus8354]

Not their own moral hazard.

[@H.Witcher]

Lol, CCP mocks democracy in Western countries but deflects communist socialism responsibility.

[@jackreacher8858]

It is CPC MAN !

[@MattDiamond-e8g]

Great work

[@jmal1824]

very interesting and well presented content. thank you.

[@jerrycornelius5986]

Always interesting - thank you.

[@djparn007]

Thank you, Don. 👍

[@shanghaiffgg]

Step 1: crash the housing market Step 2: crash the stock market Step 3: drop bank interest rates Step 4: issue government bonds as the only attractive savings vehicle Step 5: default on bonds and say thank you

[@jameswamba4338]

Wait.. default on bonds? Surely there's no way they can get away with that and go back to business as usual...

[@shanghaiffgg]

@@jameswamba4338 why not? They are just defaulted on delivering apartments from mostly state owned developers blaming market dynamics. Of course they won't just default.....they will do something like extend the maturity dates and prevent early redemptions. ALL international investors already know these long dated bonds will never be repaid, the target is the domestic investor with no other options.

[@bullpup1337]

@@jameswamba4338just you wait and see…

[@seraph3761]

This is why capitalists are sheep 🐑 and predictable to the government for easy theft.

[@billbogg3857]

@@jameswamba4338They have issued bonds with no repayment date on the principal

[@Tewhill357]

"market based and rule of law solutions" [snicker]

[@bullpup1337]

they seem to have forgotten that they are a communist autocracy

[@paulmaher3358]

Great investigation Don.aa

[@GordonJones-hm3kr]

Thanks Don, always very insightful !!

[@seraph3761]

Phenomenal episode. Greatly appreciate your insight Don

[@syjiang]

Thanks Don

[@jamesparkerson7867]

I love your videos Don

[@garyonuma]

thanks for the insight! aloha fr hawaii!!

[@kateryan9988]

Great news. Let's all further help the Chinese out by reducing any Made-in-China purchases whenever humanly possible.

[@forbeginnersandbeyond6089]

You really make good qualoty content.

[@kevoreilly6557]

IMF math is massively off .. 25 million unfinished homes is far in excess of the “value of those homes” Likely 10 trillion

[@KuopassaTv]

Remove tofu and you have 10% of that.

[@WayWillow]

"Immoral" for CCP to help the people? 😢

[@depot-lb8hl]

It is tough to watch this video, but maybe watch it again to increase understanding. CCP often says it 'helps' people while acting exploitative and elitist. They say the people's purchasing power needs to be increased, but trails of money do not go in their direction. CCP should be the most people focused but actually they are quite middling.

[@NickJaime]

Not only that but why would someone get an unfinished property from the CCP to get the rest? Unless you have connections, you wouldn't think of such a deal.

[@HKim0072]

The convenient part is China’s economy is a few billion more than the US economy in 2009. It’s easy to see what the US did size wise and evaluate its effectiveness. A trillion dollar stimulus is the minimum that might work.

[@HKim0072]

It’s the equivalent of someone having a heart attack and worrying about breaking their ribs while doing CPR. They are so worried about unintended consequences and rather lie flat,

[@charliex2896]

China desperately trying to expand the scope of its mercantilism by attempting to move up the value chain.

[@brianboye8025]

Good strategy.

[@rursus8354]

The party of "solidarity between the proletarians," oh forget it! Already Lenin broke that contract.

[@MasticinaAkicta]

Silly IMF The party has no responsibilities... That is all kicked back down to the people... but the party makes the choices. So the "people" have all the risk and weight of the debt, but no power or choices.

[@jordanvictoria5]

Any number the IMF comes up with is based upon the availability data. No data from China is accurate. So it could 10 million or 10 trillion. Either way it’s a problem and nothing will be done.

[@TheBillaro]

actually the CCP understand their people quite well. The people would most definitely start expecting to be bailed out. Is that morally corrupt or just a survival tactic, that's necessary in such a dire situation?

[@bullpup1337]

a lot of Chinese people ARE morally corrupt , unfortunately….

[@wstctsw]

Has CCP reached Chapter XI of the book of capitalism? 😀

[@pierotorroni9197]

Xi can show his best capabilities as janitor of an institute for retired CCP members.

[@stormtrooper2170]

Talk to emperor xi..the only one who think he knows all.👈🤪🤣🤪🤣😁

[@DK-ev9dg]

You are a clown

[@paulandkaren3493]

Moral hazard is the most important thing mentioned in the video, government should never bail out anybody

[@DK-ev9dg]

In China they don't want to set the precedent. Let market correction work.

[@williamkinney2803]

Weak argument. Moral hazard is a real risk. Mitigating measures might be needed to avoid this hazard, but must be addressed.

[@luminyam6145]

Xi reminds me a bit of King George l of England, his policies led to the American revolution.

[@aesma2522]

Investing in the stock market is a long term enterprise, you shouldn't be buying consumer stuff as soon as you earned something, you should be funding your retirement... If you want people to spend, aside from having more money, they also need confidence, otherwise the money ends up under the mattress.

[@rebeccaaldrich3396]

I feel sorry for all of the people who are trapped there. They know that they are in a cage of gold and the only way to make themselves feel better is to pretend that they like it.

[@LittleRadicalThinker]

Market-based and rule of law principles…😂😂😂 These principles don’t exist in China since the founding of PRC, okay?😂😂😂

[@johnmiller7310]

Do you ever report on anything positive about China?

[@waynesworldofsci-tech]

The idea of reporting is to state the facts. Don is stating facts. Yes, reality sucks at times. Ignoring reality sucks even more.

[@jameswamba4338]

The thing is, since the ccp controls media and information in China someone has to tell the stories that they don't. This is what Don is doing. For the positive stories you want, the state media has that covered.

[@ric6074]

He knows nothing about China from 7.2k miles away.

[@seraph3761]

Go binge on their state media. You won’t find one iota of negativity. I promise. Not one.

[@DK-ev9dg]

He is a thug and hates his own poeple

[@-wr7iz]

How do most of you guys still making profit? Even with the downturn of economy and ever increasing life standards

[@LisaJackson198]

Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency and stocks, through the assistance of my discretionary fund manager

[@LisaJackson198]

Mrs Mary Patricia Hester

[@Isabel_Ross]

This is correct, Mary's strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..

[@AmeliaNolan-r1c]

Isn't she the same Mrs Mary Patricia Hester neighbors are talking about, she has to be a perfect expect for people to talk about her so well.

[@-lz3lw]

Her platform is wonderful, and her services are exceptional

[@ric6074]

China can run their own country, no need outside interference. Likewise, you are able to run your own life, no need others' interference, logic.

[@velisvideos6208]

Right. Xi knows best. He even has Thoughts. And a bunch of yes-men.

[@seraph3761]

China doesn’t treat their people human. No wonder theirs so much protest happening in China

[@DK-ev9dg]

​@@velisvideos6208shame on you. They will find the way out. China is not being run by lawyers unlike US

[@patrickt49]

This applies to China as well. And yet they keep telling other countries how they should conduct their affairs.

[@DK-ev9dg]

Why are you intfereing in china's internal matters?

[@jeanschaeffer4225]

.....KOMMENTATOR... ...GET ...LOSSSSSSSSEETTT

[@larrycheesengchung8155]

BS!

[@xiaokang8692]

Rule of law principles - in China, HA HA HA.

[@DK-ev9dg]

Are you talking about America where corporations threaten the politicians and ask for bailouts. Hey clown, Chinese govt run the country not fricking greedy corporations