China Economy Crumbling Down!!

  • China Economy Crumbling Down!!

    Posted by Bobby Belfort on August 17, 2022 at 4:29 pm

    With their housing market collapsing, the Chinese economy is something worth watching wherever you may be in this world. This could be a repeat of the 2008 crash. Hmm Who watched the Big Short? I’ll try to make updates in this thread. Worth watching 🤓

    Samuel Junghenn replied 1 month, 1 week ago 3 Members · 3 Replies
  • 3 Replies
  • Big Wolf

    Member
    August 18, 2022 at 6:02 pm
    63

    Hmmm interesting.. following this one.

  • Bobby Belfort

    Member
    August 18, 2022 at 6:11 pm
    81

    Check this article > https://fortune.com/2022/08/17/china-property-crisis-housing-bubble-viral-video-official-says-buy-homes/

    The residents in China’s cities(more than 100 cities accross China) are staging an unprecedented show of resistance against the government. They refuse to repay loans for unfinished properties, which has been one of their most widespread acts across all levels — from small-time protests like this one up through major nationwide protests.

    The real estate market is a disaster. The prices have fallen, more people are out looking for jobs and the banks don’t want to give them any loans because they’re afraid that if something happens in this economy then those borrowers won’t be able recover financially ever again!

    Seems like a glimpse of 2008 market crash hmmm

  • Samuel Junghenn

    Organizer
    August 19, 2022 at 10:51 am
    2,882

    Some people have no shame… standing up there (probably for his own gain) promoting a falling Ponzi scheme of a market.

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