1  2  3  Next

So a lot of really bad mojo is happening in China right now and a growing number of analysts are starting to wonder if their house of cards is about to fall down.

There are bank runs happening right now as people are losing faith in the corrupt Chinese banks and that is coupled with the Trump Administration revoking the special privileges that Hong Kong banks long enjoyed. Chinese savers and investors were previously able to get around both CCP and US limitations/regulations/sanctions on Chinese funds by legally laundering them through Hong Kong banks.

That's over.

Here's an article on the current bank run phenomenon going on:

https://www.bloomberg.com/news/articles ... ors-to-act

The devastating floods in China have displaced 38 million people according to the CCP.

CIA is estimating that the actual number of people displaced across China and not just in identified flood plains is more around 90-100 million. Landslides of epic proportions (lots of video on You Tube) are isolating entire cities raising the issue of how to feed them.

Scores of railroad bridges that were constructed in recent years are failing in record numbers. Older more sturdy bridges are surviving and that's the good news. The bad news is that a lot of people are seeing China's 21st Century infrastructure as shoddy, poorly engineered, and hastily constructed.

Cholera is already being chatted about on Chinese social media although in a circumspect way to avoid the censors. Pardon me if I do not want to post that word here but it's similar to part of the name of the disease.

The military is right now having a hard time meeting payroll. This is in no small part due to the way the PLA funds itself. The PLA runs businesses and enterprises that fund the operations of the PLA and after six months of internal and external trade impacts the PLA is unable to meet payroll. Ships that were under construction for the navy and that were expected to be completed by now are still sitting in their yards uncompleted.

There are also further reports of unrest in northeast China and that this unrest is crossing the border into Russia's Far Eastern Federal District, primarily concentrated in Khabarovsk Krai. Some media are calling the unrest a protest against Putin while selected sources especially in Japan are identifying the unrest as being aimed at China by ethnic Chinese who are crossing the border into Russia.

Add to this that tens of millions of people are out of work and unable to make their payments on investment properties in the 'Ghost Cities'. And this follows a recent prohibition by the CCP against any further building of investment properties although the CCP couched the language as being some sort of 'standard' to protect Chinese culture. The fact of the matter is that construction on literally thousands of projects has stopped.

One more thing: The CCP is dedicating a whopping US forty cents per person to flood relief.

That's going to go over well.

In any case, don't be too surprised if China does something stupid or if they simply teeter and collapse like the USSR did before them.

   

Are you trying to get me excited?

   

If you're selling real estate in Van to Chinese expats, then yes!

   

Ya, all the aid is going to reconstruction and not the people.

   

Communism is so AWESOME!!!!!

   

Wouldn't laugh too hard there Bart:

   

Credit to FOG for this video which tends to reinforce the bit about poor engineering and shoddy construction in China.

   

I don't mind seeing the idiotic culture of people constantly living in debt coming to an end.

I also don't mind the prospect of a flood of repo properties and vehicles on the market right as I'm going to be shopping for them.

Also I'm doing pretty fucking great financially.

I made some shrewd moves in the market early on and while we had some losses at the outset we've now recouped those losses and our assets are almost 70% higher than they were on January 1, 2020.

My large cap funds did great, I rode the upswing on CCL stock and bailed at the peak, my silver, gold, and copper commodities performed well, my Canadian Durham wheat commodities are doing fucking fabulous, and I'm also making bank on some IT security investments I made in the private equities market.

Lisa and I are looking to buy property in Idaho and we're now holding off until the election and then we'll make a move because we'll have a picture of the real estate market by then and I am hopeful for some great deals in short sales and repos that we can pick up for cash.

I'd encourage you to look at the opportunities this market presents and see where you can best invest to preserve and perhaps grow your assets.

   

Not everyone is as lucky as you are...

   

It's not luck.

It's about personal choices and deferred gratification. It's something I had to learn as an adult after growing up in a family where debt and bankruptcy were the accepted norm.

Seriously, I am the only member of my immediate family who has never filed bankruptcy.

Took a lot of discipline to get rid of the old family habits and to start saving my money by first not spending it on crap I don't need.

   

I don't doubt it, and by no means am I preaching equity, I'm just saying many of us haven't the opportunity that you had.

   

I made my opportunity. No one handed it to me and I didn't win the fucking lottery.

Want to do the same? You can start by drinking coffee at home instead of buying it outside. Then take the money you save, even if it's just $50 a month, and invest it in something. A retirement account, a brokerage account, or you can even invest it in paying down any outstanding debt because the very best investment you can ever make is to stop giving the goddamned banks your hard earned money as interest!

   

That's my problem... I spend like a sailor on shore leave.

   

Booze and hookers.

   

And since you seem to think opportunities are given and not taken I am today, officially, gifting you the opportunity to start saving money by reducing an expenditure.

Pick something small to start.

Skip the cup of coffee and put $3 away in a jar.

Then maybe skip the chips at the store and put the $4 in the same jar.

When it hits $100 deposit it to your savings account.

Lather, rinse, repeat.

When you have $1000 in savings go on a spending spree and buy yourself shares in some high performing large cap funds. Then watch as smart people invest your money and make you richer.

After a while it becomes an addiction and you start to want to see your assets hit the $100,000 mark.

It can happen but you have to make it happen.

   

1  2  3  Next