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Getbig Main Boards => Gossip & Opinions => Topic started by: Palumboism on July 22, 2017, 04:14:20 PM
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90 Billion square feet of office space built, enough for an 8X10 foot cubicle for every man, woman, and child in China. (at the 1:50 mark)
Half of China's economy is construction.
9.5 percent of banking assets in China are toxic compared to 2.5 percent of Americas assets in 2008, when the crash happened.
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just 33 minutes? common
i dont watch any video on getbig unless its 2 hour minimum
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EVERYTHING is a bubble today... everything except gold and silver.
All the central banks around the world keep printing trillions of dollars and throwing it at the stocks market and real estate to keep them propped up. When these bubbles finally pop, it'll make 1929 look like a picnic.
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EVERYTHING is a bubble today... everything except gold and silver.
All the central banks around the world keep printing trillions of dollars and throwing it at the stocks market and real estate to keep them propped up. When these bubbles finally pop, it'll make 1929 look like a picnic.
wrong
good productive companies and people can get rich today
housing is in massive demand and shortage
im companies books show a profit every quarter they are winning
1929 was another world .....only a massive war or armeggon scenario can stop the economy
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EVERYTHING is a bubble today... everything except gold and silver.
All the central banks around the world keep printing trillions of dollars and throwing it at the stocks market and real estate to keep them propped up. When these bubbles finally pop, it'll make 1929 look like a picnic.
1929 was a farce. It wasn't until 1933 that shit hit the fan.
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China has $31.7 Trillion dollars in Debt
The biggest increase coming from state owned companies taking loans from state owned banks. Most of these companies are drowning in debt.
Their government has SERIOUSLY screwed up their economy. This is precisely why the government is limiting the amount of money that can leave China. The citizens know there's a problem and would rather have their money in American, or Canadian real estate.
In 2007 one dollar of debt created one dollar of GDP growth.
In 2011 two dollars of debt were needed to create one dollar of GDP growth.
In 2016 they needed four and a half dollars to create one dollar of GDP growth.
The result is the government owned banks have to create more and more debt to keep the economy growing. They won't be slowing down any time soon.
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we need to send a bunch of horny black dudes over there to race mix with them
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China has $31.7 Trillion dollars in Debt
The biggest increase coming from state owned companies taking loans from state owned banks. Most of these companies are drowning in debt.
Their government has SERIOUSLY screwed up their economy. This is precisely why the government is limiting the amount of money that can leave China. The citizens know there's a problem and would rather have their money in American, or Canadian real estate.
In 2007 one dollar of debt created one dollar of GDP growth.
In 2011 two dollars of debt were needed to create one dollar of GDP growth.
In 2016 they needed four and a half dollars to create one dollar of GDP growth.
The result is the government owned banks have to create more and more debt to keep the economy growing. They won't be slowing down any time soon.
who do they owe the money to?
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Idk they seem to be out producing USA bigtime these days.
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who do they owe the money to?
The money is borrowed from Chinese state owned banks, so it's not owed to foreign entities. The loans are based on deposits, just like in a Western bank.
Most of the money was borrowed by state owned companies to add unnecessary capacity and to speculate on real estate and commodities. Paying off the loan is no problem because they just take out a new loan to pay off the old loan like a ponzi scheme.
All those empty ghost town buildings were built using money borrowed by state owned companies from state owned banks. These state owned banks with all those TOXIC loans on their balance sheets think the loans will be re paid, but they wont.
“The Chinese banking system is different from anything to be found in the West. Although the Big Four banks are publicly listed and audited by international accountants, their main purpose is not to maximize shareholder returns. Rather, the banks are an arm of the state. Most bank lending in China is directed, at favorable rates, toward businesses controlled by the state."
http://factsanddetails.com/china/cat9/sub62/item353.html (http://factsanddetails.com/china/cat9/sub62/item353.html)
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If they have that much property for everyone in China, why the fuck are they buying up the rest of the planet?
I'd love to move back to Australia one day but foreign investment (read: Chinese investment) has pushed prices to ridiculous levels.
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It's coming.
Keep the vast majority of investments in American companies.
The greatest economy ever known to Man.
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If they have that much property for everyone in China, why the fuck are they buying up the rest of the planet?
I'd love to move back to Australia one day but foreign investment (read: Chinese investment) has pushed prices to ridiculous levels.
Because they know that real estate in China isn't worth anything. When the bubble bursts in China everyone who has invested in Chinese real estate will lose everything, but the Chinese who invested overseas will keep most of their value. Maybe a small correction as there may be some forced sales for Chinese investors who need to compensate for homeland losses. But most of the overseas value will be retained.
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just 33 minutes? common
i dont watch any video on getbig unless its 2 hour minimum
"Common" definition =
com·mon
ˈkämən/
adjective
1.
occurring, found, or done often; prevalent.
"salt and pepper are the two most common seasonings"
synonyms: usual, ordinary, familiar, regular, frequent, recurrent, everyday; More
2.
showing a lack of taste and refinement; vulgar.
synonyms: uncouth, vulgar, coarse, rough, boorish, unladylike, ungentlemanly, ill-bred, uncivilized, unrefined, unsophisticated; More
noun
1.
a piece of open land for public use, especially in a village or town.
2.
(in the Christian Church) a form of service used for each of a group of occasions.
C'mon definition= c'mon
kəˈmän/
contraction
unpunctuated: cmon; unpunctuated: c'mon
come on.
"C'mon, it'll be fun!"
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I'd love to move back to Australia one day but foreign investment (read: Chinese investment) has pushed prices to ridiculous levels.
You're not wrong there, especially in the cities. The only real affordable options are out in regional areas. Not many yellows or browns out there, but not many jobs either. You just can't win.
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The money is borrowed from Chinese state owned banks, so it's not owed to foreign entities. The loans are based on deposits, just like in a Western bank.
Most of the money was borrowed by state owned companies to add unnecessary capacity and to speculate on real estate and commodities. Paying off the loan is no problem because they just take out a new loan to pay off the old loan like a ponzi scheme.
All those empty ghost town buildings were built using money borrowed by state owned companies from state owned banks. These state owned banks with all those TOXIC loans on their balance sheets think the loans will be re paid, but they wont.
“The Chinese banking system is different from anything to be found in the West. Although the Big Four banks are publicly listed and audited by international accountants, their main purpose is not to maximize shareholder returns. Rather, the banks are an arm of the state. Most bank lending in China is directed, at favorable rates, toward businesses controlled by the state."
http://factsanddetails.com/china/cat9/sub62/item353.html (http://factsanddetails.com/china/cat9/sub62/item353.html)
so having the debt isnt a problem then, so why make an issue of it as though its to their detriment?
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China also holds trillions in US cash. Not electronic money but actual cash. They could flood the market and essentially crash the US dollar. Now they would be cutting off their squished nose to spite their face but they have the ability to cripple the US economy if it ever chose to.
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If they have that much property for everyone in China, why the fuck are they buying up the rest of the planet?
I'd love to move back to Australia one day but foreign investment (read: Chinese investment) has pushed prices to ridiculous levels.
Yep. Perth is in a slump and prices are still retarded.
I'm making an offer this week on 5 acres (less than what I wanted but possibly the best view in town). 20% fucking deposit. >:( It's been a long, long time coming. I've yacked on here about buying a house for the better part of 10 years. Fuck I hope I don't miss it.
As far as I can tell people either buy when their parents die or get 2 loans - one from a bank and one from their oldies. Then they get to be housepoor forever and indentured to their shit jobs. Which are evaporating, btw.
Old people aren't nice. They'll smile while talking only because they relish telling you how they paid $18,000 in 1965. "But that was a lot of money back then!" Really? $18,000 was equivalent to an $800,000 loan and the interest repayments in 2017? ::) (Not what I'm paying. No.) Btw your house is piece of shit, you old confused boomer coot. Not sure why you want me fixing it up since the next owner is going to bulldoze the place where all your family memories got made but here's the invoice. Pay it before you keel over. Pay it twice like you repeat your stupid irrelevant stories that you forgot you already told me yesterday. I got a property to buy and I'm not nice either. Who can afford to be.
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Chinese are buying up property all along the coastal cities in America and the crazy thing is they're coming here paying all cash. Real Estate agents will push you aside if they see a chinese person walk into the open house. they know they'll pay.
Funny how a chinese person will drive 10 extra miles to save .20 cents per pound on meat but will overpay in cash for a home or bet $100 a hand on pai gow. Odd fucking culture.
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The odd culture is the one willing to sell itself by parceled lots to non-citizen buyers. Whatever. Suits me.
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The odd culture is the one willing to sell itself by parceled lots to non-citizen buyers. Whatever. Suits me.
There's one thing government loves more than its country and that is money. They love $$$$$
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You're not wrong there, especially in the cities. The only real affordable options are out in regional areas. Not many yellows or browns out there, but not many jobs either. You just can't win.
how do you feel about those browns and yellows banging your white women?
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China also holds trillions in US cash. Not electronic money but actual cash. They could flood the market and essentially crash the US dollar. Now they would be cutting off their squished nose to spite their face but they have the ability to cripple the US economy if it ever chose to.
and to simply counter the Chinese the USA could simply change the appearance of their currency and any old currency will be exchanged as long as you can verify where you got it.
which would make all the Chinese stored trillions instantly worthless.
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and to simply counter the Chinese the USA could simply change the appearance of their currency and any old currency will be exchanged as long as you can verify where you got it.
which would make all the Chinese stored trillions instantly worthless.
This would bring the entire US economy to a halt. Imagine not having access to any of your money until you prove otherwise.
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This would bring the entire US economy to a halt. Imagine not having access to any of your money until you prove otherwise.
electronic transactions wouldn't be affected.
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electronic transactions wouldn't be affected.
It's not a casino where you can swap out the chips. I get what you're saying but either country taking the shot is essentially fucking over themselves in the process but who would make the first kamikaze move?
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It's not a casino where you can swap out the chips. I get what you're saying but either country taking the shot is essentially fucking over themselves in the process but who would make the first kamikaze move?
I know some people who never use cash at all.
the elimination of cash is the end goal, think about it, how much crime would be eliminated without the use of cash...
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There's one thing government loves more than its country and that is money. They love $$$$$
Chinese are buying up heaps of farmland in Aus. Not wealthy individuals either. I mean conglomerates. Think they're gonna just maybe collude to dictate staple commodity prices once they get a sufficient hold?
If someone offered me a pallet of bills I'd be making a case for "It's my land to sell as I want, the gov can't infringe on my freedom to do as I please with my property, etc" but there's a time for the government to step in and say no, you can't sell it to an overseas buyer.
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I know some people who never use cash at all.
the elimination of cash is the end goal, think about it, how much crime would be eliminated without the use of cash...
Fuck that. If I want to go buy drugs and whores it should be my right to do so. Economic surveillance to police stupid laws that shouldn't be on the books in the first place is a dreadful notion.
I recoil at the thought of every purchase I make being logged. "Oh, had a case of tinnea that week, huh?" As if there isn't surveillance enough already.
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I know some people who never use cash at all.
the elimination of cash is the end goal, think about it, how much crime would be eliminated without the use of cash...
Once all money is electronic the gov will have full control. They can wipe you out with the click of a keyboard button. Everyone will essentially be a walking zombie.
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This is one of those American/ British things that no one's going to agree on because Americans are obsessed with freedums and the sovereignty of the individual while British people are all about drinking tea and agreeing that the Queen looked lovely every time the old bag pops her head out.
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Once all money is electronic the gov will have full control. They can wipe you out with the click of a keyboard button. Everyone will essentially be a walking zombie.
and as such there is no ruling overlords as the easiest thing to do would be eliminate cash.
Illuminati are pretty fucking dumb if you ask me...
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many big banks in China are state-owned, so they can keep this circus running for a long time without an economic collapse.
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many big banks in China are state-owned, so they can keep this circus running for a long time without an economic collapse.
Plus they keep making 99% of the shit the USA imports. As long we remain their addicted whores they'll continue to rake in cash. The fact the gov is in debt when they sell so much shit to America shows you that the fucking higher ups in China are pocketing hundreds of billions for themselves.
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Plus they keep making 99% of the shit the USA imports. As long we remain their addicted whores they'll continue to rake in cash. The fact the gov is in debt when they sell so much shit to America shows you that the fucking higher ups in China are pocketing hundreds of billions for themselves.
to do what with?
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to do what with?
Be rich, why does anyone in this world hold more than a billion in cash? not like they need it.
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Be rich, why does anyone in this world hold more than a billion in cash? not like they need it.
no one person has a billion in legitimate cash, they have a bank account with digits in it.
in fact they couldn't even draw it out, you wouldn't find that much cash in one place.
Having cash like Pablo Escobar for example just ended up stockpiled and un-spendable.
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it should be an integral part of this discussion, that China has some businesses that are doing extremely well, such as Alibaba and Tencent.
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I know some people who never use cash at all.
the elimination of cash is the end goal, think about it, how much crime would be eliminated without the use of cash...
TPTB couldn't care a less about crime... they care about control. TPTB use the safety/security excuse to justify just about everything. A cashless society would give them 100% control of you and everyone else. No one should be rooting for this.
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TPTB couldn't care a less about crime... they care about control. TPTB use the safety/security excuse to justify just about everything. A cashless society would give them 100% control of you and everyone else. No one should be rooting for this.
which begs the question why hasnt it happened?
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so having the debt isnt a problem then, so why make an issue of it as though its to their detriment?
Debt is always a problem particularly large debt on the order of $37 Trillion dollars. The reason it will not cause a Lehman
Brothers type implosion is because the government owns the banks loaning the money, the companies borrowing the money, and the printing presses to make the money.
From the average Chinese citizens point of view the end result is obvious. A devaluation of the money they have in their bank account. Therefore, they are going on a spending spree buying all the real estate they can in Australia, America, and Canada. It's become so extreme the Chinese government has made it illegal to take money out of China.
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The direction we're being pulled toward is a cashless one, pretty sure. And an unmistakable part of that involves loss of anonymity. One thing to be used as an argument for making that reality happen, of course, will be security concerns. The guys in sheep costumes who have refused to track and expose funding sources for ISIS will tell us that, which shall provide the biggest laugh.
Bankers are already offering businesses financial incentives to go cashless, so afaik there are now fully cashless restaurants and stores and other places.
And the social-engineering shitshow known as Apple, being the leading troublemaker that they are, has been quietly performing the stunt for some time at many of their stores. A few years back, I remember hearing about someone who couldn't get them to accept his cash until he went to a consumer-advocacy outfit to complain.
IMO this is one of those odd things which may look relatively harmless (or too remote and distant) for most, but it has serious potential to cause everyone to stop and think as it draws toward its breaking point -- which will happen sooner rather than later.
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Eventually, there will probably be war with China.
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The direction we're being pulled toward is a cashless one, pretty sure. And an unmistakable part of that involves loss of anonymity. One thing to be used as an argument for making that reality happen, of course, will be security concerns. The guys in sheep costumes who have refused to track and expose funding sources for ISIS will tell us that, which shall provide the biggest laugh.
Bankers are already offering businesses financial incentives to go cashless, so afaik there are now fully cashless restaurants and stores and other places.
And the social-engineering shitshow known as Apple, being the leading troublemaker that they are, has been quietly performing the stunt for some time at many of their stores. A few years back, I remember hearing about someone who couldn't get them to accept his cash until he went to a consumer-advocacy outfit to complain.
IMO this is one of those odd things which may look relatively harmless (or too remote and distant) for most, but it has serious potential to cause everyone to stop and think as it draws toward its breaking point -- which will happen sooner rather than later.
Or maybe not,look at the modern society man.
For example, western man are pussified till hell and beyond. Worst cases are France,Belgium,Netherlands, each guy i met from these countries was a fucking pussy . Germany is not far behind . Same Spain,Italy,other european fucking countries, no more cohones on the street of fucking EU,just pussy everywhere.
With USA or Australia for example the situation was not that tragic but it degrades too. The only countries right now where you can find guys with balls are eastern-europe and fucking Russia. Of course we are fucked economically so nobody gives a fuck about us.
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Eventually, there will probably be war with China.
perhaps, but this is very difficult to predict. The Chinese are however being aggressive with their new illegal islands in the south China sea, and they are ramping up their military.
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perhaps, but this is very difficult to predict. The Chinese are however being aggressive with their new illegal islands in the south China sea, and they are ramping up their military.
Either way, I don't believe they stand a chance against a Western alliance, as long the West maintains technological superiority.
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Either way, I don't believe they stand a chance against a Western alliance, as long the West maintains technological superiority.
Also, about 50% of Chinese millionaires want to leave China. Obviously, this is not good for China's future government finances.
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which begs the question why hasnt it happened?
You use credit/debit cards right? More and more people are using plastic than ever before, while less and less are using physical cash. It IS happening, albeit slowly. It's increasing with time.