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genefriend

24 karma · joined May 4, 2018

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genefriend··on Debtors in China Shamed on Highway Billboard Featuring Their Faces and Names
What a dystopia China is.....you can't say winnie the pooh. when you send a text message or post to wechat about winnie the pooh, it gets censored immediately. You have a deranged social credit score that prevents you from buying a house, riding a train, or leaving the country if you said winnie the pooh before. There are cameras tracking your every move in public. Most Chinese movies/tv shows you can watch have a 'china is great' and 'US/Japan is evil' motiv.

Oh and pollution is suffocating, there are days when you can barely see the sky, there are way too many people everywhere, ghost buildings and cities, you know the food and water are tainted, and your leader/dictator does look like winnie the pooh.

genefriend··on California Now World's 5th Largest Economy, Surpassing UK
California budget deficit: $1.6 billion

California GDP: $2.7 trillion

I think California will be fine.

genefriend··on China smartphone market suffers hard-landing, shipments decline 21% in Q1 2018
1.) dollar is reserve currency. Yuan is not. Yuan is barely convertible

2.) US has large debt but way larger assets. 40% of the worlds wealth in fact

3.) US gdp to debt is only around 100%

genefriend··on China smartphone market suffers hard-landing, shipments decline 21% in Q1 2018
“China's total debt surpassed 304 percent of GDP as of May 2017," the IIF noted.”

https://www.google.com/amp/s/www.cnbc.com/amp/2017/06/28/chi...

“the rate of growth is strong, rising more than 80 percentage points from January of the same year. The household debt-to-disposable income ratio is catching up to developed country levels, having reached 68.3% by the end of 2016.“

https://www.google.com/amp/s/www.forbes.com/sites/sarahsu/20...

genefriend··on US accuses China of pointing lasers at its pilots from Djibouti base
Chinese dictatorship is panicking; it’s economy is en route to a crash, sped up by tariffs and trade restrictions coming from US and Europe. It will be interesting if their people wake up to their dystopia filled with pollution, random house arrests, disappearances, censorship, higher prices for consumer goods, and jobs disappearing.
genefriend··on China smartphone market suffers hard-landing, shipments decline 21% in Q1 2018
China’s growth fueled by massive debt is over(350% to gdp, government + corporate + individuals). it’s barely returning one yuan for every yuan debt it takes on. The Chinese consumer is weighed down by housing debt and credit card debt. And the tariff is going to hit the consumers hard; soy prices increases already has Chinese consumers screaming.