ECONOMIC CRISIS: The Truth About China’s Real Estate SCAM
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China’s financial woes, fiscal woes are getting worse instead of better. How’s this? Try this one on for size. Their local governments are in such dire straits that they’re paying their bills with unfinished and unbought apartments. Now we’ve spent some time talking on China’s property crisis, financial crisis that has been…
some time in the making. This again, this is new. OK, this is kind of barter that it’s almost primitive to some degree. There’s an interesting column about this on the Epoch Times written by Milton Esradi said this speaks to how far China has fallen and how much Beijing needs to do to get back on an acceptable development.
half. Again, years of excessive promotion for residential real estate development. Again, the easy financing terms. China watched us do this crap and watched it blow up blew up in our face. Again, who’s in town was in charge at that point in time. Yet, he wanted to do the same thing.
It’s again, it’s like the people that again, it’s like the people believe in communism. no, it’s never worked before. But we’re the people that can actually make it work. Right. Right. Right. Because of all the support that the Beijing put into residential real estate, developers could offer attractive deals to home buyers, driving up purchases, taking advantage of the favorable situation by using debt.
to finance as much development as possible. Now, local governments, they were the ones that were selling the land off. That’s where they generated their income from. They borrowed against this. At the height of the real estate development in China, it was 25 % of the entire economy. Most developed economies,
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rarely dedicate no,
And we’ve seen the pictures, we’ve covered it here on the program. Again, I look at this as an opportunity, quite frankly. You want to, again, we wanna do business with China, we wanna do business with the entire world. You can change the nature of this relationship, but obviously they’re gonna have to meet us halfway. Actually, probably a little bit even further than halfway.
We all know about the various different intellectual property theft that has taken place over the past several decades, which again, we’ve allowed to happen. Yeah. Trump is right when he talks about that to some degree about them being smart. We basically said, sure. Sure. Yeah. Yeah. We’ll show you what the secret sauce is. It’s like Coca-Cola giving up their formula or KFC giving up what’s in the chicken. Whatever. Maybe we did that.
We did that. I remember, I remember during the Clinton administration, I remember them giving all this technology from the RAL space over to China and speaking with people, know, when, when, when even North Korea is testing various different missiles, it was all a technology that we gave them. We allowed it to happen. Remember, remember Al Gore was also getting money from
Buddhist temples in China. Remember that whole thing, that whole controversy as well? Yeah. Again, sometimes people will sell their country out for a buck, but neither here nor there. At this point in time, they’re in dire straits. They’re in dire straits. I know sometimes we might be amazed. Wow, look at what DeepSeq did. DeepSeq did this new AI technology. Again, everyone’s all of sudden kind of skeptical about where, you
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Did they develop that or was it all stolen? Chips go through Singapore to get to China, which allowed this to happen. They basically just copying, you know, open AI and Grok’s homework. Yeah, start to look that way. Again, I don’t think that there’s this necessity which has been perpetually pushed on us, the major networks, that we’re going to have to go to war.
with China, quite frankly, I don’t think that they’re interested either. Watchdog on wallstreet.com.
