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China's ENTIRE Economy Will Collapse In 34 Days
Youtube ^ | 7 August 2022 | Casgains Academy

Posted on 08/07/2022 4:13:14 PM PDT by ShadowAce

Social unrest has erupted in China after almost $6 billion worth of deposits froze up. Thousands of police were deployed to shut down the protest. Following the protest, hundreds of thousands of Chinese homebuyers refused to pay up to $300 billion worth of mortgages. Mortgage payments have reportedly stopped on 301 projects in 91 cities. China is experiencing a repeat of the 2008 recession but on a whole new level. An entire social revolt is growing as the CCP desperately censor the growing uneasiness. Internal government meetings have revealed substantial stress within the CCP and the signs are showing that it’s only going to get worse. China’s social unrest has revealed a multitude of flaws within the country, and the implications will ultimately affect the rest of the world.

Over 400,000 Chinese citizens witnessed their bank deposits freeze recently. When depositors went to the ATM to withdraw their money, their withdrawals were simply declined. Panic ensued after people couldn’t even withdraw their own money. The bank freeze was a result of a massive fraudulent scheme that played out for over a decade. Protests about the bank freeze have gone viral on Chinese social platforms despite repeated attempts from the CCP to censor them. While the bank freeze only occurred within five different banks, hundreds of other Chinese banks are at risk according to the Chinese government. After the bank protests went viral, the social unrest spread to almost every part of the country. A recent internal government property meeting leaked several major concerns. 300 million square footage of property construction has been halted. Local governments can no longer withstand the pain. A 200 to 300 billion yuan property fund has been rumored to not be enough. Property sales are down 20%. Construction starts are down 30%. Perhaps the worst of them all is China’s recent mortgage revolt. Because Chinese homebuyers are not paying their mortgages, financial regulators have created a proposal to allow citizens to pause their mortgage payments. The amount of unpaid mortgage payments equals to 2 trillion yuan or $300 billion. The problem with both the mortgage boycott and the bank freeze is that a domino effect is about to occur. Five banks went bankrupt, which will spread into 20 banks, then 100, and eventually, the entire banking system. This is because like almost every country’s financial infrastructure, the Chinese banking system relies on fractional reserves. When someone deposits $1,000 in the bank, the bank does not hold onto that $1,000. The bank will instead keep $100 as reserves and loan out $900 so that they can receive income through interest. The lender of that $900 will then spend $900 on products and services. Because one man’s spending is another man’s income, someone else will receive that $900 as income and deposit it into the bank. The bank will now loan out $810 and keep $90 in reserves. The lender of that $810 will then spend $810. Someone will receive $810 as income and deposit it into the bank. This will cause the bank to loan out $729 and keep $81 in reserves. This cycle will keep going on over and over again, causing the bank to be leveraged by up to 10 times. This is called the monetary multiplier effect, because the lending is multiplied over and over again. In the example that we looked at, the money supply started at $1,000 and eventually increased to $10,000. $9,000 was created out of thin air purely from the multiplier effect. When citizens all try to withdraw their money at once, they will quickly realize that the banks don’t actually have the money they deposited. This is because the banks simply created money out of thin air. Economists worldwide know that China’s recent social unrest is a signal of a complete disintegration of the Chinese economy. The mortgage boycott did not come out of nowhere. It took years of mismanagement and greed to build up all of the frustration that came in the form of a boycott. Because housing prices kept going up year after year, Chinese citizens were eager to purchase any property on the market. Similar to the build up of the US’s 2008 recession, citizens could not even imagine that housing prices would ever crash. As a result of increasing housing prices, people would save up for years just to get their hands on real estate. An estimated 70-80% of Chinese household assets are tied to real estate. Imagine saving up for decades just to finally purchase a single property. This type of behavior was incentivized by Chinese culture, where newer generations would prioritize purchasing a home. Such a huge buying frenzy fueled up the booming property market that continued on for decades.


TOPICS: Business/Economy
KEYWORDS: australia; bankdeposits; bankdepositsfreeze; casgainsacademy; ccp; china; chinaeconomy; dubioussources; freeze; hongkong; india; investmentsmyass; solomonislands; taiwan; tibet
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To: ShadowAce

I seriously doubt that but their real estate bubble is real and is a huge problem. When it bursts, China will not be able to hide the economic damage.


41 posted on 08/07/2022 5:20:18 PM PDT by FLT-bird
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To: ShadowAce

I’ve been reading a lot of these stories lately, and some from pretty reputable sources, not just from the typical unreliable prediction trash . Supposedly, China’s government it within about a month of collapse. I guess we’ll see...


42 posted on 08/07/2022 5:24:06 PM PDT by apillar
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To: MercyFlush

Beijing ought to Duck for an incoming nuke from Putin


43 posted on 08/07/2022 5:29:54 PM PDT by BigEdLB (Let’s go Brandon!)
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To: ShadowAce

September 10?


44 posted on 08/07/2022 5:30:39 PM PDT by BigEdLB (Let’s go Brandon!)
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To: ShadowAce
Darn, and just when China was getting their first Yacht Rock station.


45 posted on 08/07/2022 5:33:23 PM PDT by SamAdams76 (3,654,812 users on Truth Social)
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To: ShadowAce

What time?


46 posted on 08/07/2022 5:36:40 PM PDT by The Louiswu (If your child requires validation from Chuck E. Cheese you have failed as a parent. )
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To: plain talk

“LOL” about sums this up.


47 posted on 08/07/2022 5:38:09 PM PDT by 9YearLurker
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To: plain talk

It would if the American people would stop buying their junk and American businessmen would stop sending factories to china.

But they won’t so there’s that.


48 posted on 08/07/2022 5:39:47 PM PDT by desertfreedom765
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To: ShadowAce
Paragraphs are our friends.
49 posted on 08/07/2022 6:24:05 PM PDT by jmacusa (Liberals. Too stupid to be idiots. )
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To: ShadowAce

Sure, and Hillary will be arrested for all her crimes. I’m not even going to waste one moment watching this ridiculous tripe.


50 posted on 08/07/2022 6:26:34 PM PDT by AlaskaErik (In time of peace, prepare for war.)
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To: ShadowAce
I don't know about 34 days. But there is clearly something rotten in Communist China. I just posted this thread today:

Free Republic: China's Ghost-City Economy (Bill Whittle)

This seems to be common knowledge. In this context, they are using COVID protocols to prevent people from traveling to cities with the banks in them to where they are protesting or demanding money.

As I said, I don't know about "34 days", but...there is something afoot.

51 posted on 08/07/2022 6:27:27 PM PDT by rlmorel (Nolnah's Razor: Never attribute to incompetence that which is adequately explained by malice.)
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To: Kartographer

BREAKING! CHINA’S ECONOMIC COLLAPSE IMMINENT! WOMEN AND MINORITIES HARDEST HIT!

UN AND IMF : “WE’RE CONCERNED AND TROUBLED!’’

CCP AND MAJOR LENDERS: “WE’RE TROUBLED AND CONCERNED!’’

FILM AT 11.


52 posted on 08/07/2022 6:30:46 PM PDT by jmacusa (Liberals. Too stupid to be idiots. )
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To: Fungi

“What do think the “Federal” reserve is doing?”


That’s different because, er, um, well, ... Just because it IS!


53 posted on 08/07/2022 6:40:15 PM PDT by Ken H (Trump /DeSantis)
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To: ShadowAce

You are correct in that.

They will get a war started to get the peoples mind off the financial problems.

And the stupid old c*nt Nanzy stirred it up and gave them the excuse.


54 posted on 08/07/2022 6:48:45 PM PDT by crz
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To: Forward the Light Brigade

They aint gotta do that.

All they gotta do is turn loose those they infiltrated this country with.

Imagine what a few thousand raising hell in this country could do.


55 posted on 08/07/2022 6:52:25 PM PDT by crz
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To: ShadowAce

THIS makes more sense as a reason for continually locking down cities for a single case of the virus than so-called ‘zero-covid’.

It also explains why they blinked with Pelosi: They’re desperate to hold onto power and unleashing their military upon Taiwan has the potential to backfire BADLY, putting weapons in the hands of sons of families experiencing what’s described.


56 posted on 08/07/2022 6:54:04 PM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
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To: ShadowAce

DubiousSource keyword? How about dubiousstory?


57 posted on 08/07/2022 7:13:06 PM PDT by NetAddicted (Just looking)
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To: Kenny500c

That’s not the problem. The people are going to lose their collective s**t when their banks freeze up. Devaluing their currency (which is the natural reaction from a government) will lead to large scale riots.

I don’t think most in the US can comprehend how large China is, and when millions of folks from all over lose their minds…that won’t end pretty.

Taiwan will literally be the last thing on their minds.

And the loser will be the US. We still rely on that East to West supply chain for a lot of our stuff.

I don’t think it’s as dire as this article states, but it only needs to be kind of dire to screw up the world.


58 posted on 08/07/2022 7:15:24 PM PDT by Vermont Lt
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To: Kartographer

‘Women and minorities most effected...’

actually, in today’s world, only black women will be severely affected...


59 posted on 08/07/2022 7:25:48 PM PDT by IrishBrigade
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To: ShadowAce

Yep, nothing distracts a population like a war.


60 posted on 08/07/2022 7:26:28 PM PDT by curious7
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