China’s Debt Bubble, $1T Fraud, Banks are Failing. China's financial Collapse

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China’s Hidden Debt Bubble, $1T Fraud, Banks are Failing. China's financial Collapse
China’s Debt Bubble, Worse than Evergrande, Banks are Failing. China's financial crisis is Here...
China’s Hidden Debt Bubble, Worse than Evergrande, Banks are Failing. China's financial Collapse
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DISCLAIMER: All of my strategies, and news coverage are based on my own opinions alone and are only done for entertainment purposes. If you are watching my videos, please Don't take any of this content as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything said on this RU-vid channel should not be seen as financial advice. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.

Опубликовано:

25 июн 2024

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Комментарии : 4,8 тыс.

@BusinessBasicsYT Год назад

Thank you so so much for 400k subscribers. Support on my last few videos has been insane and its all thanks to you guys just destroying the like button. First time ever a video of mine has crossed over 200k likes. Again thank you to all you guys. Also please remember to hit the like button on this video if you haven't already, this helps out alot in term of youtube algorithm gods. I have decided to donate some income to Mrbeast's charity as channel grows. Currently amount is not that big but goal is to keep doing these donations and increasing the amount. You can check out more details in my community post but basic TLDR is that I wanna keep covering everything thats wrong all around the world but while raising awareness, I also wanna help out people in need. So As the channel grows, hopefully I can all have a bigger and more positive impact on the world, all thanks to you guys. PS - Remember to hit that like button.

@joanadarkest6004 Год назад

thank you for the info.

@tam8641 Год назад

You will 1 million soon, do you want it or not??, im famous person

@frstflvr7327 Год назад

Congratz

@Joso997 Год назад

Your title sucks

@gordybishop2375 Год назад

The thumbnail said 27 days China would be broke but little about that in video. That’s an exact time

@justinmcgough3958 Год назад

Then when you take into account the countrywide drought and how they've been restricting water and electricity to factories... it's the perfect storm.

@BusinessBasicsYT Год назад

Def problematic

@1stAmbientGrl Год назад

Last year, they were suffering from a once every 800 year catastrophic flood.

@jezalb2710 Год назад

Drought

@gregorysamaniego36 Год назад

Well it's china's fault all the building and concrete is changing the earth's wobble! In order to fix it Chile will have to turn in to a mini china!

@phalanx3803 Год назад

@@1stAmbientGrl only is some parts. some places got too much water and others didn't get enough.

@vlhc4642 Год назад

The first rule of making predictions is never give an exact date.

@larrym2434 Год назад

I predict this comment will receive more upvotes.

@tzenophile Год назад

I came here thinking exactly the same LOL

@aidanhalpin9606 Год назад

@@tzenophile fr

@tzenophile Год назад

@@aidanhalpin9606 how dare you fr me!!

@joewong3115 Год назад

He is a Biggest Joker of all time. Has China collapsed yet? Today is OCT. 8, 2022. Who is lying?

@tywbin Год назад

We read news in the media that doom and gloom is coming and we just accept it, doom and gloom doesn’t always have to be coming, I’ve read numerous success stories of people that are pulling off tremendous gains of up to $250K within weeks in this crazy market and I just want to learn how to achieve such figures.

@jackbills Год назад

It all relies on your strategy and your willingness to stick with it, and the stock may fall further, but if you are a pro, making significant profits on this downtrend should not be a problem.

@louizb123 Год назад

I've been reading and researching a lot lately, so I can't pass up the opportunity.

@rt.judgejones6839 Год назад

@@patran567 I actually needed a saviour, I’ve been looking at consultants a lot lately, the news I've seen on the market hasn't been that encouraging and I could really use a guide, but are they really that effective?

@rt.judgejones6839 Год назад

@@patran567 May I ask you to recommend this particular trainer you use?

@rt.judgejones6839 Год назад

Awesome! Her potentials seems limitless. I'm fascinated with investing, I’m delighted to engage in this opportunity, I just found the professional’s web page and have already written her

@acebdefg5582 Год назад

This aged like.... "just a short lockdown to flatten the curve" "inflation is temporary"

@GeorgeCowsert Год назад

The thing about leverage, is that when you overestimate your strength, the lever launches you like a catapult.

@antixocialman Год назад

Haha 😆

@perryrush6563 Год назад

Nicely worded. Is it your own?

@GeorgeCowsert Год назад

@@perryrush6563 might've heard a similar analogy somewhere else but as far as I know it's my brainfart and my brainfart alone.

@logicalconceptofficial Год назад

@@GeorgeCowsert As far as you know…

@puliyursrinivasan7752 Год назад

Thanks to Biden's Chinese connections, our MSM will ignore this bad news!

@beefgoat80 Год назад

When you can't question the authority, the authority is guaranteed to become corrupt. Those who seek wealth and power for its own sake are never satisfied.

@ralphzoombeenie2330 Год назад

That sure sums up the US.

@thorfinnmckenzie Год назад

That applies to not just totalitarian regimes. The U.S. has the same problem as do other well developed countries.

@sir.2015 Год назад

dude the debt doubled because i spammed boo russia on youtube everywhere the passed few months, and doing nothing else but saying boo russia in youtube comments, and facebook. everywhere. i am a hero

@sinoroman Год назад

damn, you just roasted America

@LighterBen Год назад

@@thorfinnmckenzie Corruption is a best system it fits perfectly in every regime

@Seanw-ij7yx Год назад

its been 6 months. aged well.

@patrickjustice7371 Год назад

Aged like milk

@paulheckathorne6892 Год назад

Today is day 28.

@DirtyRobot Год назад

HSR - Shinkansen works very well in Japan because the routes were planned to connect wealthy cities over a small geographical area. They were not built to show off to the world how great they are, but to solve a transportation issue that would benefit people that could afford to use it. It's about $140 from Tokyo to Osaka by Shinkansen while a flight may cost less than $100 or even less than $50 on some deals. But the Shinkansen takes you from city center to city center. Japan did the research, planning and implementation to meet the need. China just tried to outdo everyone without any consideration.

@mistawolfe8541 Год назад

Yeah, Japan really does alot of things well

@rainerytufall222 Год назад

I genuinely like the Japanese HSR, but as you ve mentioned: it is incredibly pricy.

@kingina9489 Год назад

Japan pays their salary man/women well so they can afford this kind of service.

@jont2576 Год назад

japan has about 2 bloody prefectures served by the shinkansen......tokyo and osaka.....China has 10 times the population and a bajillion more cities. the rest of japan still moves at conventional train speeds.very idyllic yes as long as the journey home doesnt take more than 2 hours. im pretty sure as the gdp per cap in China increases and personal incomes increases...more and more chinese citizens will be able to afford high speed rail ticket prices and narrow the deficit gap ....its merely a teething problem that China will slowly grow into,high speed rail is still necessary as China is vast and people do not want to travel vast distances between first and second tier cities at conventional train speeds,imagine travelling 1,500km at india train speed at indian train capacity where u have to spent 18 hours hugging the roof of the train just to get from bangalore to calcutta. and high speed rail is critical in relieving road traffic conditions in China,something which the americans have no alternatives,till today americans have to drive six hours from one state to another just to play at a casino and the spend the same six hours driving back....high speed rail would easily cut the 400km journey to 1hr 25 mins.

@hunterkiller009 Год назад

Other point about shinkansen price is it stay the same no matter what time of the year the ticket was bought while one has to book flight ticket months earlier to get cheap price.

@demonvictim Год назад

The crazy thing is if china invested in higher quality long lasting infrastructure then the problem wouldn't be as bad. The constant repairs and upkeep is going to cripple china more then any sanctions could. Just the ghost cities with only hundreds of people inside essentially makes future development in the same area exorbitantly expensive since even if the government takes all the land just clearing it out and putting it in a landfill will cost billions

@MurdaIncorporated Год назад

Are you talking about the USA or China? Lol. 15 Trillion on wars for Israelis…I’m not a Chinese bot, I work for the Navy!!

@willarth9186 Год назад

@@Suzume175 I live in South Caroline and our roads are good. You must live in a Democrat led State. LOL

@aditya-ml6km Год назад

@@Suzume175 Construction is the backbone of any emerging economy, as far as GDP numbers are concerned. The US build roads like crazy which increased the GDP of US. Even today, construction and real estate account for a good percentage of the US GDP. Construction accounts for 30% of Chinese GDP. This is a huge number, bigger than the GDP of most countries. That's why China continues to build ghost cities. China is relentlessly building ghost cities to boast GDP numbers.

@TheAnimaAnimal Год назад

An important factor I think to these is that China ultimately regrets some of these fast constructions. The environmental effect and damage their economy has done I believe (I would like a correction if I'm wrong) has only in recent years been recognized. And I do think that in terms of their nature's cultural heritage that they do now hold a bit of regret. These empty places have essentially become a mistake and waste of space that they cannot take back.

@natuurreizigerofzo6516 Год назад

@@Suzume175 the problem with the American infrastructure is the way you guys look at it. The amount of roads you need to get somewhere is completely out of context. Big cars, long distances and no alternatives to cars except airplanes. It all takes a toll on the American roads. Walkability goes a long way to make roads last longer. But because of the suburb outburst of the US since the second world war combined with low gas prices creates the idea that having to drive everywhere is fine. Yet for a long term solution it absolutely isn't. Bike, walking, train, metro and tram infrastructure in bigger cities and less suburbs and more "European style cities". That will save billions on infrastructure and make cities even more livable. But big oil and big cars buy out American politicians and yell "the American dream" when suburbs are built and sold. And a lot of the Americans believe it which is sad 😅

@joononlai3933 Год назад

today is 27th day of your video posted. i still do not see China Bankrupt.

@tomlennart2422 Год назад

hahahah

@skenrichment7806 Год назад

27 days has passed, seems like your video is just an eyeball catcher

@dominic.h.3363 Год назад

The whole bubble of "spending money you don't have" seems to be bursting, not just this extremely specific case of it.

@Kaiserboo1871 Год назад

It’s getting bad everywhere. The world is on the cusp of another world wide depression the likes of which we haven’t seen since the Great Depression of 1929.

@kyotheman69 Год назад

sounds like covid in a nutshell, how every country printed money f'd everything over

@kateosteen5499 Год назад

Anyone who is not investing now is missing a tremendous opportunity..

@Kewaru Год назад

@@kateosteen5499 That's true , but most people today have been having a lot of failure most especially in Stocks and crypto trading sector because of poor orientation and bad experts

@kras3k Год назад

@@Anthonydaxis Thanks for keeping it light and real at the same time. Much needed for us hodlers at times like this, I'm a newbie but I don't understand trading...

@Salt_stain Год назад

One for the YT algorithm gods. Also news like this is not getting the coverage it should. Tha KS for continuing to bring us coverage on this topic!

@BusinessBasicsYT Год назад

thanks for watching

@luduvugla Год назад

Every one of them says 27, 28, 29 days. I've seen this last week, it also said 28 days? Bold predictions eh?

@stashthevampede9480 Год назад

China isn't going anywhere unfortunately you fools,get real!

@Salt_stain Год назад

@@luduvugla do I think that China will be gone with in the month? Highly doubtful. But getting information about this topic and the economic predictions I can form from it help. China is number 2 in the world economy. What happens over there has a direct effect in my life.

@soysauce4223 Год назад

I've heard this "China will collapse" since forever. Lol

@twong6531 Год назад

It is already one month huh - what happened? Nothing....geez rumour mongers

@garycool4910 Год назад

Already a month from your post still not bankrupt. Your prediction wrong.

@craigkdillon Год назад

The Great Depression really happened with the banking collapse, not the stock market crash. Most people were not involved in the stock market, and were not affected. However, when the banks collapse, companies and people not involved in stocks, were affected. Companies could not pay their employees, and people lost their personal savings. THAT was the disaster. Moreover, people stopped trusting banks. They stopped accepting checks.

@719Flowers Год назад

Good insight from the observing the past. Interesting times are ahead

@craigkdillon Год назад

@@719Flowers Yes. China is in for a bad time. However, I do not think the rest of the world will suffer too badly. Some suffering as the world adjusts to China's collapse. But, that is already being done. Companies are moving out of China. If you look in stores, you will find more and more items made in other countries, which had been made in China in the near past.

@kat64470 Год назад

They should've let the banks fail in 2008. I think we'd be healthier by now

@lateralus6512 Год назад

It’s also because we have a debt based money system and fractional reserve. So things are amplified in either direction. The bigger the boom - the bigger the bust.

@Falconlibrary Год назад

People today don't appreciate how scarring the Great Depression was. To his dying day, my paternal grandfather refused to keep his money in a bank and saved every tire he took off his car if the tire had even a bit of tread left. My dad explained that the FDIC insured grandpa's bank deposits, but he refused to believe it. And many of his generation felt the same.

@hansolobutimdead Год назад

So, did it happen?

@UKI98GV Год назад

So, 27 days and China is still going on... Earns unsubscription

@endor8witch Год назад

So. Where's the bankruptcy?

@ianjones7024 Год назад

Been three weeks, not bankrupt. Good talk.

@sonoffeast8116 Год назад

more than 4 weeks still not bankrupt

@AliKhan-pb8cd Год назад

5 weeks still not seeming to happen.

@AllanDawnsun Год назад

Two months and counting

@scaryclouds1403 Год назад

Anytime now

@remtorres7511 Год назад

Bruh it's almost 2 and a half a month and still not bankrupt

@timesathousand Год назад

Would you consider making a video about different levels of Chinese economic contraction would effect the world economy? Contraction is guaranteed at this point, but its severity could have a wide range and I'm concerned about what other dominoes would fall.

@BusinessBasicsYT Год назад

ohh interesting idea. Will look into

@stevenhake7500 Год назад

Surprisingly little. They will still manufacture the world's goods until we can move production. But that alone just ain't enough to fix a 40 year long growing property bubble. You will own nothing and be happy is China's new model while we say it sacrastically in America. Its a whole another level.

@samuelpalmer3855 Год назад

@@BusinessBasicsYT Please do. Looking into it on my own, it seems that China's increased aggression on taiwan may in fact be due to economic woes, as something to distract the chinese peoples.

@Cirelion Год назад

@@samuelpalmer3855 It always has been a part of it, they've been using Taiwan as a vocal point for nationalism and to distract from internal woes. Whether it be protests, economy or anything in between. I don't believe they will invade Taiwan because it's too big of a tool to pacify/calm the population internally

@NehnBellanaris Год назад

@@samuelpalmer3855 Well, considering that Taiwan is the number 1 maker of computer chips in the world, it's really not surprising.

@PrizePirate Год назад

They haven’t bankrupt yet

@HenryWijaya Год назад

FYI, it's September 20th (in China). 27 days from the day of this video uploaded with that thumbnail "collapse in 27 days". No collapse whatsoever. If you've got such a great capacity to make a well-researched videos, why even resorted to shameful click-baity titles like that...

@Southernstar-RINO Год назад

This debt bubble is like none before. It’s going to be studied for years by economists as case point in corruption

@BEMEiTY Год назад

and we will still learn nothing from it and repeat the same mistakes. :D

@DaviMKim Год назад

Central Banksters is the Stablishment BOSS, the Swamp Master.

@AFlyingCookieLOL Год назад

How many years have the Americans been talking about it? Lets wait another couple decades and US will still be saying the same thing.

@0Turbox Год назад

@@BEMEiTY These aren't "mistakes".

@calvinminer4365 Год назад

That's what they said about the 2008 US-caused financial crisis. All of it went down the memory hole.

@piehamcake1 Год назад

27 days later.. “collapse in 27 days!”

@asscheeks3212 Год назад

Usually the case, however it doesn't change the fact China keeps looking worse and desperate then it did before, to the point War seems like a quick lazy option for them instead of suicidal

@Speakurmind7 Год назад

It's been 6 months...

@jjbarajas5341 Год назад

Aged like milk and slammed by other channels lmao

@TheUselessServant Год назад

Wow! That 1 Trillion dollar debt is almost 1% of the 142 Trillion Federal debt of the USA. So scary.

@othenz9966 Год назад

Where did you get your 142 trillion US debt? So overstated!

@TheUselessServant Год назад

@@othenz9966 The U.S. national deficit has now exceeded $31.1 trillion - and continues to grow. A group known as Truth in Accounting asserts that the true national debt is even higher - $142 trillion based on unfunded Social Security and Medicare promises and future obligations, including interest on the debt. Each taxpayer’s share is now up to $919,000, according to Truth in Accounting’s website.

@hughmungus2760 Год назад

china actually got something of value for that trillion: a world class rail system. What did the US do with the 8 trillion it printed in the last 2 years?

@stephenburnage7687 Год назад

@@othenz9966 Depends how you calculate it. Add in unfunded liabilities to actual debts and you get an eye watering number

@zrsnowfall 5 дней назад

@@hughmungus2760 Bombs (And a proxy war)

@Caydiem Год назад

The actual travesty in all of this is the amount of resources that was wasted on making those now-rotting ghost cities and the amount of garbage that was produced as a result which is now polluting previously beautiful landscapes.

@Bubbble_Bear Год назад

China is a funny parody of what happens when corruption and greed eats itself apart

@drunvert Год назад

That's Not the actual travesty. Smh

@sinoroman Год назад

people complaining while China's GDP going up and up

@CorePathway Год назад

Don’t fret over landscapes; nature works on a timescale that makes even China, who were very advanced whilst middle eastern goat herders were still sacrificing live animals to SkyDaddy. But what is a couple thousand years to nature?

@drunvert Год назад

@@CorePathway exactly

@pa1n1san1llus1on Год назад

Welp, this didn't age well.

@ttnn404 Год назад

It is already more than 27 days but seems nothing happen to China. I have doubts about all your analysis in your channel.

@nsquezada27 Год назад

The best videos on all that's been going on in China. And I'm watching multiple channels talk about this. Yours is always my favorite

@Adyen11234 Год назад

This is what happens when you put politics before economy. Even the US suffers from this, but not to this scale.

@kliersheed Год назад

economy > politics > people. we all suffer "because of it" and in that order. economy speaks, politics listens, people do. each a dependent slave of the other, unable to escape the downward spiral of unsustainable evergrowing economy in a limited environment. we all know what it leads to, we all see it coming, we still do it. this says everything about humans you need to know about them.

@DaviMKim Год назад

ALL countries has a Private Debt Spiral Bomb BOI 🤷🤦 that's How Central Banksters Mafia Works 🥲 There are no Winners here, only the Stablishment over the masses of peoples Danny boi.

@jonescrusher1 Год назад

There can be, and never has been economy without politics.

@Adyen11234 Год назад

@@jonescrusher1 That is true, but China has become a great example of placing politics at the expense of the economy.

@hmcredfed1836 Год назад

You need historly lessons, check out what happend to the dollar during the vietnam war ;) America is once again the reason why this poblem is in the world!

@rodmartin9339 Год назад

already 2 month and still growing 😂

@sihksahmir5635 Год назад

27 days are way over, if I were you I would apologize to anyone who saw this channel and I will keep my mouth shut next time

@daryl_s Год назад

The Belt and Road Initiative is in trouble, too. Beijing has not received the political capital it expected from the countries it built infrastructure projects in. There is little to show for all the money that has been spent. As for the rail crisis, thank you for shining a spotlight on it. I've ridden the high speed rail in China back when it was shiny and new. Even then, trains weren't running at full capacity. I had 3 seats to myself between Guangzhou and Changsha, which should be a fairly popular route. The tickets were expensive. People would rather take the slow train and save two thirds of the ticket price. The government's grand ambitions always fail to take into account the actual money their population has and what people are willing to spend it on.

@ironhead2008 Год назад

The Belt and Road initiative was especially stupid: Think about it, you can say you're reposessing the infrastructure you built because the host country can't pay off the predatory loans they took out, but if the local gov't says "F-k you come and take it" and you really don't have the ability to enforce your will, well, you'll be lucky to get your people out in certain parts of the world. Debt traps like this only work in countries with a respect for rule of law, and only for so long before the local population demands change and the loaner winds up settling for less $$. Stupid, stupid, stupid. Sri Lanka is the eventual fate of all of those projects.

@spritemon98 Год назад

@@ironhead2008 the belt and road made no sense as they were spending doubles of billions in several counties was dumbfounding

@angelarch5352 Год назад

Good point about people in general wanting to pay less money to go on a slow train. Sure some people with more money would love to pay more to save time, but not most people. Years ago the Airline industry also discovered this to their surprise. People were complaining that flights took too long, so they developed more expensive high speed jets-- then discovered that people would rather pay a low price on tickets and go slow and complain for FREE, instead of paying high price tickets to go fast. Ooops.

@user-mg5hh1pj3c Год назад

I take the high speed train almost every month (in and out of Shanghai). The trains were full all the time. So what you said "People would rather take the slow train and save two thirds of the ticket price." is not true at least for people travelling around Shanghai.

@daryl_s Год назад

@@user-mg5hh1pj3c I can't speak for Shanghai because I never took the high speed train to or from there. I imagine that the business center of China with almost 40 million people living there (mostly originating from different cities) would have heavier train traffic, especially on weekends and holidays. Makes sense.

@samchaleau Год назад

"A high degree of leverage". Translation: Banks have overlent everyone money that doesn't exist for products that don't exist.

@mountainmgtow5421 Год назад

Do Chinese do anything legitimately?

@andreivaldez2929 Год назад

They legitimately cause debt everywhere they go.

@TheJBerg Год назад

@@andreivaldez2929🥁👏

@orkhepaj Год назад

and overlent = steal it thru fake investments into fake companies

@OffGridInvestor Год назад

YES.

@TheBartverb Год назад

It is now almost a month so good luck in the last 3 days 😂😂

@davidkachel Год назад

By my calculations, it is now 28 days since this 27 day prediction was made. Hmmmm.... !!! It seems our soothsayer is a sooth fraud!

@zaraxis3519 Год назад

Thanks for the wonderful and entertaining content. Keep pushing man!

@Ryuk-IsLife Год назад

**** those click-baity videos did not age well

@shanonfrancis5071 Год назад

Are we there yet?

@markanderson6125 Год назад

Seriously! Keep! It! Up! The quaility of your work is getting better and better with each video. Keep at it!

@theflyingdropbear2009 Год назад

when it came to the High-Speed Rail lines, it is more of a fiscal burden to China since not nearly enough people are using those services, in order to justify the cost to maintain the lines and the trains, and that is on top of the construction.

@TheJBerg Год назад

So you are saying they built it... But not enough people came?

@user-mg5hh1pj3c Год назад

The high-speed trains I took were full all the time. I took them every month. (Only going out of and to Shanghai)

@AFlyingCookieLOL Год назад

@@TheJBerg In 2021, highspeed rail in China transported over 1.9 billion passengers, an increase of 23.1 percent. The more connections and public infrastructure connected the more it's used

@seisosimp Год назад

@@TheJBerg Law of Diminishing Returns. More supply, less demand, more upkeep. Way too much trains that cost way more maintenance than people are paying them for even though there are still a lot of people using them.

@tonysu8860 Год назад

I disagree. HSR has never made any kind of business sense in any way possible based on normal analysis. It's not even close so I doubt actual numbers would be necessary to recognize the poor business decision to build HSR. But, China may have other non-business reasons to justify HSR... first of course as a "make work" stimulus project. But, it should also be recognized that China is a large country with a large population and so has a large transportation problem that can't be addressed like in the West with a network of airports and airlines because of China's backwardness in commercial fanjet technology. Without airports to move large amounts of people, trains are the next best way and after that personal vehicles so China has a social reason to build HSR that to a limited extent is also business. Still all those non-business reasons cannot simply ignore the very high debt burden caused by HSR.

@hadit.3992 Год назад

It's been a month now ...DUDE!

@jacknicky9785 Год назад

How could China be bankrupt when America still owing them USD 1.2 trillions. Further, China have the most savings by far compare to America who have USD 30 trillions debts.

@simulator-hogen2342 Год назад

thas right；；if the USA not worry，why worry China？

@jacknicky9785 Год назад

@@simulator-hogen2342 Exactly! Keep talking about China collapsing with debts when America themself is saddled with USD 30 trillions debts. What a bloody joke!

@Markofka Год назад

Your videos are great. I appreciate you taking time to gather this information

@guttzisgaming Год назад

Your Vids are extremely well made and imfomative. I always look forward to your uploads. On one of your precious Vids I asked you to keep going and so you have 🙌🏽 keep it up and thanks a mil

@pyrophobia133 Год назад

Gordon Chang wannabe status obtained

@dauzlee2827 Год назад

Bro how many times people says "China will collapse in xx days". It's stupid

@yiyangzhong Год назад

So true.

@Extremecheesing Год назад

"Bankrupt in 27 days." In truth, that is a false assertion. To begin with, when a country fails to repay its debts, it does not go bankrupt; instead, it defaults on the loan. Second, the government, not the country, defaults.

@nom6758 Год назад

you are aware of the fact that the CCP constantly says that china IS the CCP, right? Like, the most basic concept they espounge all the time, you missed? If the government defaults, in china, the whole fucking country is gonna get shafted by the government. Its just slightly more round about, but the whole debt will be shoved onto the average chinese citizen, not the government, and since the average chinese citizen makes up the whole of the country, then the country is defaulting. So thats both of your points you thought were wrong were actually right, and you were wrong on both accounts. Good job.

@Extremecheesing Год назад

@@nom6758 All I wanted to clarify is the terminology used when a government fails to pay the down the principle of a loan. The technical term used is sovereign default, bankruptcy is a legal term used for when private citizens fail to pay down the principle of the loan. My comment had nothing to do with what china was saying about there debt or how the debt will affect citizens or the content of the content of video. Just clarifying the definition he used.

@hughmungus2760 Год назад

where the hell do these people get the idea the chinese government can;t honour it's bonds? If anything the US stealing hundreds of billions in Russian holdings is closer to a default.

@smfahmi191 Год назад

It's just anti China propaganda, while half of the world have debt with China. It's like Russia will go bankrupt also.

@ryanb6503 Год назад

Perun just did a video on china's military modernization that you might find interesting. he's a remarkably reliable source on military logistics and acquisitions. near the end he compared it to the breakneck crypto growth that appeared endless at it's height. I would be interested in your take on how that ties into all of this.

@BusinessBasicsYT Год назад

Will check it out thank you for the tip

@EinFelsbrocken Год назад

@@BusinessBasicsYT Bro if you dont know about Perun yet; you better get going. I know I have 0 authority over you but YOU GO AND WATCH ALL OF HIS CONTENT RIGHT NOW YOUNG MAN!!

@tonysu8860 Год назад

Perun's videos are without peer and excellent in content but I wrote a comment to his latest video on comparing the Chinese and American military budgets that he doesn't go far enough or properly analyzes what is happening. Despite what I consider are grievous deficiencies, it's still one of the best on the topic I've seen. If you can find my comment, you'll find that practically all of my criticisms apply to doing a deeper comparison and analysis of non-military comparison as well.

@EinFelsbrocken Год назад

@@tonysu8860 He doesnt want to go into whats actually happening, because he doesnt want to extrapolate his conclusions into areas he isnt well informed on. Its one of the things I appreciate the most about him: he doesnt comment on fields he's no expert on. As opposed to.. everyone else, basically.

@animejanai4657 Год назад

@@EinFelsbrocken He has to be careful or chinese defenders can report his channel for discriminatory disinformation. He'd get his revenue cut.

@martindamyanov6978 Год назад

Thank you for publishing this video. Quality content.

@valaraucarnage Год назад

I love how all of these videos end up aging like milk

@thecringeinspector5636 Год назад

Especially the ""Europe's gonna freeze burn crash and die within 5 weeks of winter". My brother in christ, im right now in Europe and I was here my entire life, we're doing absolutely fine even during this winter.

@XxPlayWithMe Год назад

Honesty love how detailed and well explained your videos are. Please keep them up!

@georgegiorgio Год назад

Taiwan is not part of CCP

@serbischerjumboschreiner9062 Год назад

Yes it is

@jasonye7171 Год назад

Anyway, I enjoyed the HSR when I was in China, and I love the efficiency they build their constructions. In contrast, I have no idea why it takes tens of years to extend the subway lines to the rest of Greater Toronto Area. It's like anything we are now seeing being built, it's for the next generation to use, what a joke.

@danpatterson8009 Год назад

Certainly things could go faster if the government could just do whatever it liked and could make its critics and opponents disappear. Would you favor that in Canada, if it got you faster trains?

@jasonye7171 Год назад

@@danpatterson8009 it doesn’t have to be that fast, but at least not so slow. I don’t think it should take as long as 5+ years to make a 100m single lane bridge to a double lane bridge. This kind of construction will be done within a month in China, let’s give 5 times the time here, that’s 5 months. But in reality, it’s over 5 years.

@stevelau9577 Год назад

29 days?

@keithfrazier2558 Год назад

They are their own bank and would release foreign currency reserves(Dollar in particular).If this idoes come to fruition it will crush the world economy and make 2008 seem like a small blip.

@MRsurfguru1 Год назад

And were our own bank here in the US...and for the rest of the globe

@DisgruntledArtist Год назад

The CCP has already hurt the world economy by hoarding food, handing out irresponsible loans for political gain and... oh, right, cutting off trade to Taiwan because they've been using Taiwan as an excuse to galvanize their base for so long that the reality that they don't actually want to fight for it is pissing off their base. Moreover, this situation has been building for *decades.* Economists have been insisting the China bubble would burst, but the CCP somehow managed to keep it going, getting it to grow larger and larger through increasingly absurd methods. Well, now the bubble has popped. They didn't want to suffer moderate economic pain before, so now they're going to suffer *severe* economic pain. So, yeah, maybe the world encounters more economic turmoil, but ultimately there's nothing we can do to avoid it. It's a problem of China's creation and the only thing anyone else would be punished for is relying on a nation that has actively steeped itself in corruption and irresponsible behaviour for decades. Other nations will pick up the slack as large corporations soak losses and rebuild elsewhere. The economy will adapt. After all is said and done companies will hopefully be warier about dealing with the CCP. Fuck 'em.

@DanyCesc83 Год назад

Not necessarily, the rest of top economies around the world have worked on severing need from China, specifically because of this problem. Now there will be some suffering but nothing major and nothing the U.S. can soak, it will be an interesting time to see how each world economy evolves, China has itself to blame for the downfall tho, they tried to fly when they were still learning to run.

@Operator8282 Год назад

When you owe a bit of money to a bank (Chinese belt and road project money), the bank owns you. When you owe more than the bank can leverage (US Debt held by certain nations), YOU own the bank... Basicly the same reason that China now has a port in Sri Lanka is the reason China fears the US inflating its debt away.

@ktdagoat1289 Год назад

Nah.. I'd say BlackRock is thier bank if we're being honest.. Shoot now Americans would run China, I'm kinda interested to see how that plays out tbh..

@JCBmaster-so6vw Год назад

I don't know why I thought that the leaders of one of the most important governments on the planet would be smarter than to fall into the trap of prioritizing their image over everything else.

@Redmenace96 Год назад

leaders, right? smarter?? I know what you are saying, bro. Great comment.

@sirdigs-a-lot3889 Год назад

The rail system in China was not built for the people , It was built to move troops quickly around China.

@Kenny-md2zf Год назад

21 more days! We'll see! Looking forward to a follow video after this!

@iamaloafofbread8926 Год назад

Everyone: China is going to be a superpower and surpass the U.S. Me who knew this crisis was coming and is just the beginning of it's collapse: I'll believe China being a superpower when I see it.

@leekah9981 Год назад

Funny thing when population is more into graves than cradles, and people that are rich are fleeing like crazy

@BusinessBasicsYT Год назад

lol lets see how they manage

@iamaloafofbread8926 Год назад

@@leekah9981 not the people's fault. The CCP are the main issue to the Chinese people.

@leekah9981 Год назад

@@iamaloafofbread8926 I know, I was one of them, escaped in 2010 before my homeland is more dystopian before the Pooh bears came on his throne and more eyes in my surroundings, and my Weibo is locked because I question their plans.

@JustinOther Год назад

@@leekah9981 Keep up the fight fellow brother/patriot!!

@DanyCesc83 Год назад

This channel has become a must watch, not a lot is said about China in main stream media and is mainly because of the financial interest.

@Joe-mz7sy Год назад

Great job, love your work.

@joshystevens1 Год назад

Great video, it would be interesting to see the belt and road initiatives dividends/international investments returns weighed against the losses to get a real picture of debt.

@nishsingh5931 Год назад

I just read an article where the China has decided to waive off loans given to 17 African countries. Now how on earth can China manage to do this considering what is happening in China as we are assuming?? The reality is we really dont know what is going on in China. All we can do is speculate.

@rashawngibbs8218 Год назад

I saw that this morning as well. Morning news is great

@nishsingh5931 Год назад

@@rashawngibbs8218 what confuses the hell out of me is this that inspite of such a high Debt to GDP ratio there has not been a single red flag raised by any of the Foreign based companies in China. China has now decided to lower its interest rates on loans to give a temporary solution to the growing concerns.

@slwsnowman4038 Год назад

@@nishsingh5931 To do business in China, you have to tow the party's line.

@paulnone9984 Год назад

17.... It's all code my friend, lol. This is how we're informed of what's going on in the world. Nothing is coincidence.

@w8ingsim43 Год назад

Because these loans are USD, money that can not be used in China's domestic market, and when they say "waive off" it's not free, it has conditions.

@leejones1041 Год назад

i think there is a disclaimer within the debt structure for the highspeed rail companies in china. that, if the interest payments are causing a runaway debt problem, and the country itself is suffering turmoil, then the debt interest and interest payments can be stopped being paid to creditors for a period of 4 years 258 days.

@EumirBethbeder Год назад

Its been more then 27 days ....

@davedavis662 Год назад

My biggest concern is many US investment firms that hold pension and retirement accounts lobbied the government to allow for the ability to invest in China due to false reporting of high profitability. When it comes crashing down we will be wiped out with it.

@well-blazeredman6187 Год назад

Politicians seem addicted to 'investing' taxes and borrowed money in long-distance rail. The tax-payers just want decent commutes of less than an hour.

@phoenix5054 Год назад

Intra-city trains makes a lot more sense than nationwide trains. You only go to other cities to visit but you ride the city train everyday.

@opinanlosjovenesrd3477 Год назад

If they did only "mega-cities", it may have been a decent idea. Instead it became something to be ashamed of in the international economic climate.

@shivanshna7618 Год назад

@@phoenix5054 to be fair it also depends on nation for European nations which are generally far smaller than America's high speed rail makes sense . But if i am going from LA to newyork i rather just take airplane.

@aaroncabatingan5238 Год назад

The hype for high speed rail is honestly absurd. One of the main purpose for rail is to support industry. High speed rail only handles passengers so it doesn't do anything for industrial production. So why the hell does everyone want high speed rail so much?

@JKSSubstandard Год назад

I agree with some other comments. The key problem isn't high speed rail itself. The issue is building vanity lines instead of focusing on profitable ones. Japan planned their high speed rail to get maximum ridership and thus profit. When you hear high speed rail in the US, it's typically in line with the Japanese model. Such as linking the financial and political core of Boston, NYC, Philly, dover and dc

@SuikodenGR Год назад

You should put a Countdown Doomsday clock gif from Legend Of Zelda - Majora's Mask on every countdown day video 😂😬☠️☠️

@mikaelramsay2094 Год назад

BEIJING, Sept 16 (Reuters) - China's industrial output rose 4.2% in August from a year earlier, better than the 3.8% growth in July, official data showed on Friday, suggesting the economic recovery was able to sustain momentum. The figure beat expectations for a 3.8% gain in a Reuters poll of analysts. Retail sales edged up 5.4%, better than analysts' expectations for a 3.5% rise and 2.7% growth in July. Fixed asset investment expanded 5.8% in the first eight months of the year from the same period a year earlier, versus a 5.5% rise expected by analysts and growth of 5.7% in January-July.

@jamesl6377 Год назад

so has collapse happened as you have predicted???

@WPaKFamily Год назад

10:33 If the yield on the bonds decreased, then it means that the price of each fixed income security had appreciated and had not crashed. Say that the yield increased if you're talking about a crash or that the price of the fixed income securities had crashed to new all time lows or something like that.

@TheRtHonEdmundBurke Год назад

Finally someone who noticed that

@WPaKFamily Год назад

@@TheRtHonEdmundBurke Of course I would notice lmao. It was staring at me right in the face.

@TheRtHonEdmundBurke Год назад

@@WPaKFamily You might even call it business basics

@WPaKFamily Год назад

@@TheRtHonEdmundBurke Yeah lol. The guy has been less business basics and more propaganda basics since he clearly failed in a freshman finance course in his life and switched majors from finance to political science.

@jc13781 Год назад

I mentioned this as well. But 95% of people have no idea how bonds work. But this obvious misinformation sort of sours the entire video.

@bud389 Год назад

Gee, it's almost as if planned economies always collapse, while supply and demand economies naturally gravitate towards stability.

@Redmenace96 Год назад

boom. Great comment.

@kuangtien3980 Год назад

Expansions and Contractions are part of Capitalist economic systems throughout history.

@romian1447 Год назад

Good to hear this

@z5197 Год назад

New viewer here. Hey, man, outstanding work on this! Liked & Sub'd. I'm start digging through your library now. Thanks!

@09Silverbull Год назад

Thank you for the informative video. Can you please consider addressing U.S. debt , especially since 8/15/71 when Nixon took us off the Gold standard? Also, can you please include ratios of debt/GDP for comparison. Thanks again for the great videos.

@UncleSev Год назад

I was in Shanghai 8 years ago. I still remember many of the poor neighborhoods and cheaply made buildings. Heck, if the government needed to build something, people would be thrown out of their homes. If the Chinese economy collapses, we are all in for a world of hurt.

@peppermintpsaki1157 Год назад

I’ve never seen “cheap” until I’ve seen plastic fake rice. Rice has always been known as a cheap filler already; but now there’s synthetic plastic based rice infiltrating the market 🤦🏻‍♀️

@sohn7767 Год назад

@@peppermintpsaki1157 what in the world? What’s the ducking point of that. Hopefully plastic bread won’t be on the market soon

@iliescuradu Год назад

They say in the US very bad food, genetically modified. In UE and Uk people are just horrified of the idea that such food can reach their shop shelves

@sohn7767 Год назад

@@iliescuradu well genetically modified food itself isn’t the problem. Like most tomatoes are genetically modified to last longer without much external intervention

@iliescuradu Год назад

@@sohn7767 like most tomatoes 😌🍅, that's really frightening how you guys are used to it already.

@darkJohnSmith Год назад

$1T debt? Those are rookie numbers. US is $30T in debt. You gotta get those numbers up!

@brotherbig4651 Год назад

The algorithm brought me here. Good timing. Just 21 days after you post the video.

@Natalieneptune469 Год назад

Collapse is generous 1st time in our history with a full generation that wasn't taught financial literacy, civics, Google fixes their problems if their parents don't do it for them. Reckoning for participation trophies is incoming

@instinctively_awesome8283 Год назад

This period of inflation how ever long it may be takes away comfortable living in your twilight years. Not many people seem to be upset about that…

@wiebeplatt4749 Год назад

@@instinctively_awesome8283 It is getting so bad that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse is near.

@PhilipMurray251 Год назад

The severity of the condition of our economic circumstances is beyond many peoples comprehension and many continue to deny its existence. People are working and there is little or nothing to show for it. everybody is basically working to sort out one bill or the other. no savings.

@marianparker7502 Год назад

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire. Personally I hired ‘’Nicole Ann Sabin ’’ a financial advisor who sets asset allocation that fits my tolerance and risk capacity, investment horizon, present and future goals.

@instinctively_awesome8283 Год назад

@@marianparker7502 Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call

@allan7850 Год назад

I really love your channel and thank you so much for sharing those amazing videos. Just a little remark for this video: there are a bunch of scenes that were actually taken in Japan and not in China. 4:12, 4:29, 4:48, 5:38, 14:23

@jiangnorman Год назад

credible video when i see the picture of destroyed SirLanka shore railway hearing "Yangtze River" at the same time at 14:26 😂

@philippm.1461 Год назад

...or showing the swiss railway at 8:53 But sourcing stock footage for 20 min without repetition is no easy task. As long as the content is investigated thoroughly this is fine by me 😁

@ravianantharamaiah7567 Год назад

You’ll see such videos disappear as no such collapse is happening.

@jeremyleong3257 Год назад

So this video just appeared in my feed and it’s 4 weeks old. Haha, I can expect the bankrupt anytime soon?

@Cynos_3D Год назад

Your videos are amazingly well researched and clearly explain the critical topic without the typical dramatic music and terrifying undertones of a lot of other channels, i appreciate that. Nothing but the factual info.

@BusinessBasicsYT Год назад

Wow, thank you!

@JJarosze9595 Год назад

Is it? The description seems to indicate otherwise, stating, "DISCLAIMER: All of my strategies, and news coverage are based on my own opinions alone and are only done for entertainment purposes." They don't even list any sources to read further into the topic. I'm not saying the video is baseless but it's journalism 101 to at least show proof to back up your statements. You should take any 'news' given with no credible source with a grain of salt.

@jamesd1106 Год назад

Keep thinking the "government" in the U.S. is going to be Forced to make it easier for manufacturing to come back Home.. Of course it'll be painful before that!

@teh_hunterer Год назад

It has been more than 27 days

@vovo2507 Год назад

It's been 2 months plus and not yet collapsed. No one trust Business Basics anymore!

@someone-yw2qw Год назад

his info and theory is true and if it was any country other than china it wouldve collapsed but the ccp controls everything especially real estates business

@jaymojo Год назад

Thank you man. You teach me shit about the world I don’t know

@BusinessBasicsYT Год назад

thanks for watching!

@faultline3936 Год назад

I knew this would happen the moment I heard the news about these ghost cities in China. It's pretty simple, really... They've taken out some sort of loan to build those cities. But those cities aren't functioning as they should be, therefore, there's no income. Or at least, a sustainable one... Also the fact that a lot of their buildings are "tofu dreg" which definitely won't last long and also probably costs more with maintenance and repairs. I feel bad for the Chinese people, living in a world that is constructed by the CCP. But oh well, at least it's not as bad as North Koreans, right?

@hughmungus2760 Год назад

people were saying the exact same thing in 2015, and in 2008. China will be fine. A year or two of slow growth (when the rest of the world is in recession) is not a big deal.

@SrCoxas Год назад

And despite all of that, chinese people own more homes than american people.

@user-pw3tw9km7h Год назад

feel sad? With high-speed rail, we can easily go to any city in China. The construction of high-speed rail takes into account the travel of all people, not for profit. Of course, high-speed rail connects the whole country, so that we can develop in a more balanced way. Why are you sad for us?

@ewaf88 Год назад

Here in the UK we're building a high-speed line that is horrendously expensive. Currently phase one to link London with Birmingham is going to cost over £44bn for just 134 miles of track. Some analysts say we won't even be able to afford to run it let alone make any money from it. Currently the World's biggest White Elephant

@frozenbinarystudio Год назад

You'd think a country so obsessed with tracking data would have seen shit like this coming.

@paulfreedel4709 Год назад

I think they track socialist data, really well, not real data.

@cobra7166 Год назад

Thanks to you I am learning so much about China, I never even heard of. thanks

@MS-ql8ek Год назад

The high speed rail problem was well known for several years, they just don't want outsiders talking about it because everything they do they want to look good for others, this is why they rush things and ignore safety, their bridges are falling apart as we speak

@cobra7166 Год назад

@@MS-ql8ek sounds about right

@ct7497 Год назад

All your stuff is super well researched, and easy to watch. You deserve all the success you get! Keep up the amazing work!

@BusinessBasicsYT Год назад

thank you!

@nuclearwarhead9338 Год назад

Is this sarcasm?

@ct7497 Год назад

@@nuclearwarhead9338 Not at all! I very much enjoy these videos.

@tuckmeister Год назад

Can we have some links to those research? With so much misinformtion or fake information it is hard to accept any particular take on any issues. The truth is probably somewhere in the middle, just depending on what or which you listen to.