re: World debt-who’s the recipient?

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It’s probably worse as China was building those ghost cities for, as the China supporting journalist say, “investing in under developed areas already with strong gdp numbers for 20 years into the future.” Not thinking that no one is building a damn city with multiple buildings to start reaping the rewards, aka even begin to pay off the price of building the structures, 20 years later.

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Those cities were bought and paid for with private money. Three generations of savings were pooled up into the hands of the 4th generation. They finally were allowed to invest…in housing.

Many people bought more than one house. Some bought 5 of more.

China’s GDP was tied to that long term construction boom (up to 50% of the GDP lasting over 30 years). If (when?) the market collapses, the CCP will get those properties for pennies on the dollar. Then, they will have a place to cram their aging population, while simultaneously depopulating their key cities of geriatrics. The CCP looks at long time planning, not short.

As for their “work force, fewer will be needed long term, as China goes full bore into automation.

Meanwhile, the US has focused on social engineering, such as race, chopping off breast and peckers. and the cultivation of climate crazies.