China is so broke, that their FIAT is even more laughable than the euro right now. They have built Ghost Cities, some of those living areas are sold while not built and the money is already burned. Unbelievable.
The US has only one thing to do - nothing. Wait for Winter to come and don't bankrupt themselves like the others and they win the game.
That sounds very feasible, but the question of reliable information is starting to become a real problem everywhere. It's impossible to "just trust" anything at all, everything is tainted with politics and power games.
The information and their sources are dancing in a room full of information, it's like an Oprah. Everything points in all directions and I'm looking at it from the first stage wondering what the author of this play is trying to tell me.
China is so broke, that their FIAT is even more laughable than the euro right now. They have built Ghost Cities, some of those living areas are sold while not built and the money is already burned. Unbelievable.
The US has only one thing to do - nothing. Wait for Winter to come and don't bankrupt themselves like the others and they win the game.
China owns a massive supply of US bonds.
True they fuck up, but they are far away from being bankrupt. The ghost cities are there since 2012.
But if those 2 parties start going crazy this year too, I don't know what will happen.
In general, both markets are strongly connected in financial terms.
Yap, but those videos are 2022. Eventually, you're right, China can sustain its own Ponzi for a very very long time.
i know, but the bubble is around 800B USD.
Sounds a lot but compared to the other shit they can handle it. Would be 600$ for each Chinese.
Think about the head debt in the western world that's added in the last 2 years.
China is only bad because this can spread to other sectors and cause more defaults.
But who knows? It's impossible to have a full set of information.
That sounds very feasible, but the question of reliable information is starting to become a real problem everywhere. It's impossible to "just trust" anything at all, everything is tainted with politics and power games.
The information and their sources are dancing in a room full of information, it's like an Oprah. Everything points in all directions and I'm looking at it from the first stage wondering what the author of this play is trying to tell me.
but those numbers can be semi-trusted because they were publicly traded.
And there are also numbers out ( how many buildings and so on), I can't remember exactly.
Was the date I turned bearish :D
08.sep. 2021 :D