[ChicagoConservative27]

Coming to a state near you

[janetjanet998]

YIKES
VIDEO: China demolishing unfinished high-rises
https://rumble.com/v1gpcid-china-demolishing-unfinished-high-rises.html

[NohSpinZone]

Scene from Big Short when Steve Eisman (aka "Mark Baum") confirms that there's a major housing bubble.

[Ken H]

Sounds like covid booster shots.

[NohSpinZone]

BTW, what that Chinese official is saying is no less stupid than the dips***s in DC telling poor people to buy EVs and solar panels if they think their gas and utility bills are too high.

[Brian Griffin]

All Chinese mainland urban land is owned by the government.

[EvilCapitalist]

I thought Commies don’t believe in private property.

[SaxxonWoods]

Here’s what we’ve been through during my life started (’49), since ‘53.

Recessions———Causes

7/53-5/54: End of Korean War
8/57-4/58: Asian Flu(!)
4/60-2/61: Foreign autos entering US markets
12/69-11/70: Stopping runaway inflation
11/73: 3/75: Oil embargo by OPEC
1-7/80: Oil crisis + Inflation
7/80-11/82: Double Dip - Oil and Volker killing inflation
7/90-3/91: S+L crisis, Gulf War, Oil
3-11/2001: Dot Com bust, 9/11
12/07-6/09: Mortgage crisis
2-4/2020: Covid19

Some familiar problems keep repeating, don’t they? Makes surviving a bit easier if you study it.

[FroedrickVonFreepenstein]

I've followed this guy's youtube channel for quite awhile. He covers China. About 3 months ago he put out this video explaining China's ghost cities and how the Chinese economy depends upon the construction of these places and the purchase of multiple properties by it's citizens.

https://www.youtube.com/watch?v=wJ8JBTIVUVw

[TChad]

Bill Whittle on China's ghost cities:

https://billwhittle.com/chinas-ghost-city-economy/

Ghost cities that will never be occupied -- where China's workers have invested their retirement funds.