Corrupt CCP仔 much?

😂 Well, if the banks are simply storing the paper in their vaults then does it really exist in the community? Does the community benefit? Does China benefit from having thousands of unsold battery EVs sitting around in dozens of foreign ports for months at a time. If us non Chinese putative buyers are treated to videos of Chinese cars with chopstick axles and battery fires, not to mention quite high prices and very poor residuals are we likely to buy battery EVs? Not likely!

The freshly printed bills are not for the people, they are for the bank tellers to practice speed counting

It's not that banks are not lending any of it; it's more that everyone's too anxious about the economy to even consider borrowing. That's the scary thing about deflation. Once people's property values and salaries starting falling, any interest on a loan you previously took becomes increasingly harder to pay off and old debts become crushing. That's why we hear rumors of Chinese homeowners literally just _giving_ their properties away under the condition that the buyer handles the mortgage.

The money printed are for the CCPs.

Another scam, endorsed by the CCP regime.

Is that English ?

@@takuan650 it’s a critique on governments whom deify themselves.

Yeah, but are they aware enough or sensible to enough to do that...?

Why would the Chinese Criminal Party leave? They are the mafia.

Same with us in the USA, or pretty much anywhere in the world.

You do not want a totally free capitalist market. You would not survive and neither will this planet. It's already bad. You'll just take off the breaks and remove the thin veneer of government control keeping things from getting worse.

yen japan babe

Todays 20 dollar bill is not even worth a dollar in 1970's money. But that's okay. DEBT and the totally not entirely controlled and contrived stockmarket will save us.

1 Hungarian Forint in 1973 is 81 huf in 2024. 1 huf in the end of communism 1989 is 26 huf today in 2024. In 2024 1 usd is 360 huf. In 1989 1 usd was 62 huf

At the supermarket, my $40 USD at the beginning of 2021 for the same items (weight adjusted for proper comparison) now costs $92 USD at the beginning of 2024. That's the true inflation and not the politicized formula which was re-made in 2021. Even input definitions were re-made, so it's no wonder the published govt figure for inflation is super low.

You don't understand the USD value. When America was on the gold standard $1 USD was worth 100 pennies. In 2024 $1 USD is worth 3 cents as it is backed by nothing. There's plenty of global economists who have done reports on this but the media rarely cover its. If $1 USD is worth 3 cents imagine how worthless a Chinese yuan is?

@@dontcare7086 CCP China had been buying up a large amount of gold bullion in the past three years with their freshly printed up renminbi. So they are probably going to try make a killing thru hedging after sacrificing the People's renminbi savings.

@@dontcare7086you don’t understand economics. We had to get off the gold standard. The dollar was backed by different things in its history and they all created economic crises. Gold was prone to all the same issues

No

Don't forget that the CCP ordered that negative information about the economy is not to be posted. With millions of people affected, you expect to see more concrete info posted, but it probably gets censored off and the problem of a negative social credit score penalty is assigned. People have mentioned their score prevents them from using trains, so it can be quite an expensive problem. But then again, the score was meant to exert a darwinistic effect to force those people out of societal involvement.

@@animejanai4657 The CCP is therefore eliminating the fourth leg of any economy. The four legs of any economy are: 1. Land (Raw materials) 2. Labor. 3. Technical Know-How 4. Capital. 5. Entrepreneurship. From these four, the fourth, 5. Entrepreneurship is the most important, because it is the Entrepreneurs who have both the skill and the mindset to organize people in such a way, that 1. Land, 2. Labor, 3. Technical know-how and 4. Capital are deployed in the most efficient and effective manner. Being an Entrepreneur also means assuming the risks of a possibly failing business, which leads to debt, to a negative credit score, and virtually an elimination of his particular skill set. This is particularly worrying, because there does not exist a body of knowledge that will _guarantee_ business success. This means, that the only way to achieve business success is through, as it is called in the West: 'faling forwards'. The CCP's vision on economics is so limited, that they think that only Land, Labor and Technical Know-How matter. Communism is against Capital, therefore this is actively discouraged. And Entrepreneurship goes against their idea that everything should be centralized governed. An d the stupid thing is that they also want to govern the minds of people, which basically attacks 3. Technical Know-How. China could only reach the level they have achieved under those conditions by backing off during a certain period, and large-scale theft of intellectual property from the West. Their regime is too suppressive to allow the Chinese people to develop their minds. Although China contains 1/4th of the world population, it has produced only one Nobel Prize winner of any scientific significance. Although, medicine is not a hard science. It is on the border between real science and some common knowledge, being made of part of Medicine. This one Nobel Prize winner of China was Tu Youyou - She won the Nobel Prize in Physiology or Medicine in 2015 for her discoveries concerning a novel therapy against Malaria. She discovered artemisinin, a drug that has significantly reduced the mortality rates for patients suffering from malaria. It must be noted, that Tu Youyou did her research totally outside of the two leading institutes of learning of the CCP: The Chinese Academy of Sciences and The Chinese Academy of Engineers. In other words, she was _not_ a part of the CCP, and kept herself out of politics, although she has now been absorbed by the CCP. Well, _that_ has ended her creativity for sure! A very poor result indeed! Considering that Japan, for example, has produced _many_ Nobel Prize winners, and that in the hard sciences. Like in Physics: Tomonaga, Yukawa and Nakamura. In Medicine: Tonegama and Ohsumi. In chemistry: Fuku, Noyori and Yoshino. In India there are also several Nobel Prize winners, even though the country is relatively poor and has had living conditions comparable to that of mainland China. Thinking, however, is not stifled in India.

One dollar in 1994 is worth $2.10 in 2024. The Chinese central bank is printing too much money, which is why the Yuan has depreciated so much.

But not this much.

@@midimusicforever Part of China's problem is that their economy hasn't recovered from the strict three years of covid lockdown.

It's all relative. You want to hold the currency that depreciates the least. That's how you win.

@@summer031977 but value of dollar dropped 97%

Fake Chinese gold. Sure buy that 😂

China is in a pronounced DEflationary spiral right now, not an inflationary one. This guy really revealed his muddling of concepts in this video where he mashes contradictory assertions together without even realizing it.

You are broadly correct, but it's "deflation", not inflation causing problems with the Chinese economy. There's no such thing as"consumerism" in China. It's the necessities of life. What people need to just survive. Meanwhile, corrupt members of the ccp and bankers are getting the "lion's share". Also, the state is buying vast amounts of gold and artificially propping up the yuan. They're also selling off US "T-bills" to reduce their "exposure" to the volatility of the dollar in currency markets. Unfortunately, none of this is helping the domestic economy, as the profits are siphoned off through corruption. I don't envy the the "working poor" in China. Sadly, I think it's gonna get a whole lot worse before it gets any better.

washed............

i suspected to be victimized by organ donation or canned in Ma Ling..

@@royrosete7085 (gasp)😨!!! ....& what about the Ppl who were locked up in their homes/work places or were arrested for White Paper Movement😧🤔😱??!

@@royrosete7085 (gasp)😱!!

Except that the 70-year land lease clock keeps ticking since the date of the original land deal for the land when the house was built. All property in China is owned by the CCP and it is "sold" for a period ranging from 30 to 70 years after which ownership comes back to the CCP. The last one to own the property before it reverts to the CCP might even have to pay a cleanup or pollution fee on that land, so the last 10 years of that property would be a tricky thing to buy into if you can't get someone to take it off your hands if the land was polluted or full of debris from tofu-dreg buildings that collapsed.

That’s not natural: not a free flow exchange rate, on the contrary, forced by govt, who has to compensate for it , making matters even worse. Argentina tried that, look how they ended…. The difference is that the fuse was much shorter than China’s, but when it goes off, it will be much louder

Hypocrisy. that is why.

You are really not well informed about China 😂😂😂 ... So many business closed, not only foreign business, Chinese business too! Plus natural disasters in major cities!

possibly those area where they are filming where they do their propaganda video like in the north korea..

China puts out massive amounts of propaganda to make you think that. They’re communist and want to control the narrative. You have to be very diverse and watch different channels, networks, international news etc so you can get the real story. Also be careful what you watch, it may be CCP propaganda.

Little pink bot that can't even properly write in English😂 cope

There goes the Lap dog as usual. 🤣

Lol there's more people that watch this video and don't speak chinese and would rather hear the dubbed version.

That may true but hearing the Chinese would be better for nuance and colloqial expressions. For instance, a rooster by another other name may be a rooster, but in the States, we call ‘em cocks ;) Enjoy: kzfaq.info/get/bejne/p9qdZ7GjxqiyZKc.htmlsi=9qA_NjXBR22tQuoU

Disagree. We have more power now as a people than ever before. This is why governments are tightening the grip. It doesn't deny what the people want and can achieve

@@minnigmanmad Smoke and Mirrors. Your still wearing Blinkers. Don't confuse technology, and access to resources as 'freedom'. Our Society has expanded to accommodate these new changes to our history, but Power and Influence, though evolved, still have Power and Influence over you. The Gov may have lossen its grip between 1950's and 1990's, but the last past 2 decades, they have firmed up their hold. Don't forget who the Cat is and who the Mouse is in this game.

Bot

😂😂😂😂 cope china bot.

Image thinking, china economy is doing well. You must be incredibly stupid to believe anything the ccp tells you.

​@@Fortebx497They are ccp bots.they are not very intelligent.

Cope and seeth bot we all know China is doing terribly under the dictator that xi is.