| Title | : | No Money to Pay Salaries! China’s Local Government Is $14 Trillion in Debt, Borrowing From Temples |
| Lasting | : | 15.43 |
| Date of publication | : | |
| Views | : | 113 rb |
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I am guessing everyone in the world is screwed Comment from : @TangMiChen |
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i can understand Business's going bankrupt But the local Government not being able pay employees??brAll the revenue collected from taxing any and everything Fines and every conceivable type of collective robbery of the populous With all these myriad sources of income HOW does it happen that local Govt cannot meet the needs of the community Mind boggling Comment from : @jonbutcher9805 |
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Good!!😊 Comment from : @RatTerminator |
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Why not just print more money like the Fed does? Comment from : @eutimiolongoria4696 |
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Corruption brIf everybody is allowed to get rich over their responsibilities your society is never ready to weather any storm China is facing and will face many storms in the coming years Haha! Comment from : @Tarquin2718 |
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Outside look good but inside rotten Comment from : @chiam1888 |
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chinese being chinese Comment from : @ashtonyguinto9470 |
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Wow, a local council have to borrow money from temple Crazy Comment from : @lesterksi4521 |
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Lol Comment from : @gregmcqueen4540 |
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The government has become a SOUR LEECH Comment from : @gregmcqueen4540 |
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That is okey atleast PLA have plenty of aircrafts submarines, frigated and missiles all chinese people should learn is how to eat those 😂😂😂😂😂😂😂 Comment from : @BenhurBaguio |
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China is going to attack Taiwan because of their financial situation Comment from : @davidnelson5474 |
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Think about how many of these "civil servants" have been oppressing their own people I have very little sympathy for these NPC's Comment from : @paulbeaney4901 |
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If only Fiat Currency lasted forever right Comment from : @steadybuilt7139 |
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Temples have money in China? Wowcan someone explain this to me? Comment from : @astrahcat1212 |
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OMG more Taiwan island BULLSHIT ! Comment from : @oklahoma1232 |
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Chinese government can make all debt go away by having serious conversation with creditors! Comment from : @laplacia |
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After a few years China will be next Nort Korea Comment from : @HermiloDadia-f1s |
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Thanks for sharing Comment from : @RodrigoPalma700 |
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Police make false arrest We The People pay the settlement Police walks to do it all over againbrWith No Accountablity Supreme Court is responsible for the Todays tyrannical thugs … Comment from : @ashleymcclave1374 |
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Not long now until it all collapses Comment from : @joedennehy386 |
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Talk about a tyrannical government Just like mandatory bs Comment from : @danielquick5696 |
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In the meantime, Eskimos lives go on and don't give a crap about economies They just struggle to survive without government bullcrap adding to their stress No covid mandates, no shots, no mask Just a few pesky , hungry polor bears to deal with Comment from : @jefflewis836 |
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This is propaganda 😮 everyday same news calamity in ChinabrChina is a dictatorship and Xi is not stupid the stupid are always us unfortunately This guy does whatever he wants, people are submissive and there's a lot of money in China Comment from : @micaeloliveira2727 |
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Not only does the economy goes down, everything that comes out of China is literally an inferior product Comment from : @scalnecus |
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@China Observer do you eat peanuts or dildos? Comment from : @billadmond9450 |
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Commie jokers are great economic geniuses😂 A govt borrows money from a temple 😂 And retaliate when denied😂 Comment from : @profskmehta |
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It boggles the mind that local govts would make a good chunk of their money from LAND TRANSFERS You know what they would be focusing on? Transferring land Well, that right there will lead to dubious dealings because they would want some business, citizens, etc to fail so they can get land back to transfer it again Comment from : @johndoh5182 |
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The worst problem the government wrong moves that killed its very own economy This is a lesson we all must learn We cannot close or lock down if there is a pandemic 3 years is really damaging the economy to its roots and revival will be very very difficult which will lead to mass starvation Comment from : @wendyshoowaiching4161 |
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Smh, this xi and his gangster commies government Comment from : @veritas3179 |
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Commy little reds Comment from : @meherrichardson269 |
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So much waste! It’s always the ones on the bottom rungs who suffer the most Comment from : @gardengirl7258 |
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Sum ting wong😂 Comment from : @blackgrandpa7652 |
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Hmm I don't know about this new China Seems like things are falling apart But maybe it'll get better Just keep doing what you're doing, I'm sure things will get better Because we all know the CCP is just awesome in how they do thingsjust awesome Comment from : @jonbutcher9805 |
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chinese people is rich since they are all businessman that cheats Comment from : @maxyl12 |
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I see Chinese people are finally waking up Now please fight against the Chi Chi Pee Comment from : @sumar392 |
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The Chinese people should stand together and overthrow the corrupt ccp Comment from : @prawnshop4573 |
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The biggest problem is that the local and provincial governments and party cadres were so riddled with corruption They spent the last 20 years building half completed apartment blocks and huge infrastructure projects These were mostly a way to gain face and steal large amounts of the appropriated funds They borrowed heavily Nobody thought the bubble would burst But the downturn is bankrupting them Comment from : @justme19893 |
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Thats what you get from harassing neighbor countries and foreign business 😂 Comment from : @siopaoclash5879 |
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I remember the story of "the great famine" When local communists lied about their harvestsbrLong story short, CCP though that they will have 30milions of tons of grain They sold their stocks and was left with 7milionsbrbr40 MILIONS PEOPLE DIEDbrAnd yet, CCP is still therebrbrOh, and remember Mao's war on birds? Yeah, 20 milions starved to deathbrbrSo lack of salary is nothing Comment from : @wiciuwiciu2783 |
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Beautiful cityscape! I wish you would label your geographic pictures Comment from : @postscript5549 |
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Borrowing from temples! Hard to see bthat/b continuing for long Comment from : @gaius_enceladus |
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Sounds like china shouldn't have released the kung-flu You can't make a virus that only targets poor people Comment from : @psychospider1468 |
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China CCP should stop funding on other third world countries, BRICS and PLA should cut back high expenditure of their Taiwan invasion armies and send them to country yard to farm for their humongous population and sad economy Comment from : @cirihime9479 |
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China broke Comment from : @Kane-v7x |
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Yikes China is becoming Africa with it's corruption and non payment of services Comment from : @ericneo2 |
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🙂🙂🙂 Comment from : @catfacepoetry3211 |
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It's over, Xi 😱😲🤭😭br Steps down and move to North Korea or Russia,ok👍👍👍 Comment from : @James8591 |
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Omg, the temple would never see their money again 😱😱😲🤭br Because, the local government is bankrupt 😲😱😱 Comment from : @James8591 |
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Too bad the Chinese did not make a vaccine It is a great shame to lose 3,000,000 People instead of buying vaccines Comment from : @rebeccamyott7041 |
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The threaten & ruin initiative, (belt & road) is no more Thanks to Poo Honey Bear! All excellent news, & welcome! Comment from : @raacore |
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Chinese people only have CCP to blame! Comment from : @martinlyons7181 |
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They never thank God for anything they have Therefore they are totally damned to failure You can have more "working groups" than people and it would not help you at all Comment from : @johnceglarski9460 |
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At present, Chinese real estate does not need to pay property tax Think about how much revenue would the government have if Chinese landlorders have to pay property tax like other countries do ( Actually , this issue has a;ready been discussed by the government for many years) Comment from : @soleilmai8245 |
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When was the last time the rocket force has been paid? Comment from : @thomaskauser8978 |
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What BS He didn't have to keep working for no pay He chose too Comment from : @Scylon1 |
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What chinas federal government can do is just to print money like crazy and have the country go into supper high inflation and not alow public debt intrest rates to change but for all privet depts to be changed to a higher intrest rate Comment from : @Donkeyearsa |
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How could you say they have no money meanwhile spending 30 billion dollar for Asian Games? They do have money but hide it from the public Comment from : @El-Ge |
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Im old my mother taught meIf you dont have money dont buyI have no credit card or loanCredit cards are to easy to buy on impulseNobody teaches Saving? Comment from : @00528hz |
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It would be interesting to see american progressive leftist rule the CCP of chinabr,money talks you know!!! Comment from : @protasiocanalita6436 |
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Guess the central government will have to cash in the tons of gold they bought up in the last years Comment from : @jkiser77 |
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Dont worry guys, the progressive leftist of america are duper rich, they cancime iver to rescue the CCP of china and it includes the globalist elites Davos bilderburgs klause Soros they eill mske the CCP super rich again I hopr theu will be nice to pres Xi Comment from : @protasiocanalita6436 |
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Is this what they mean when we have nothing we will bow to somebody now? How vome this us mot doing it, id he entitled now also? Comment from : @protasiocanalita6436 |
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Nothing in China is secured If you can't trust your government on what it said sounds like nothing you can trust Comment from : @paultaithelegendnguyen8891 |
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just use COUNTERFEIT US CURRENCY Comment from : @ReynaldoAbasr |
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Hello, FLG LIAR! Comment from : @martinloo7113 |
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One man is to blame for sure change is needed it will take a long time for the world to trust them again want a shame the country was doing so well the Chinese people are hardworking people it is not them it is one man’s responsibility he has bad policies to aggressive policies against his neighboring countries and the west 😅 trying to destroy the customers that help to make them so great is not the smartest thing Comment from : @ฐานิตสกอคกิ้น |
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How can BRICS get off the ground? brOK, bets are on Will China try to borrow from US banks? Comment from : @Red-Feather |
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Using loans to pay off debtbrWhat could go wrong?😅 Comment from : @craigkdillon |
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The US rice bowl has left China to land on China neighbor Comment from : @anhemta6979 |
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They could solve their issue by having yearly property tax Comment from : @TheAcadianGuy |
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PROPAGANDA by usa Comment from : @markgodin3969 |
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Stop your greed of claiming other countries properties China or you will suffer big Comment from : @supingpilario3783 |
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Stop wasting money on the military, the outreach to Africa and setting up infrastructure debt traps for impoverished nations Stop building more empty buildings, big fancy stuff which can't be used, and spend that money for the normal needs of the public, including dependable salaries, real health care, and food security No more fancy tofu dreg junk to fall down Comment from : @susank4878 |
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Mafias organizations in Italy is the same as CCP organizations in chinathese peoples are horrible at managing and running a legit organizations: no rulesno regulations; first come first serve, winner takes all Comment from : @serchsource8744 |
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This kind of childish corruption is why the CCP continues to crumble Comment from : @ralphmueller3725 |
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GUYS, BIRMINGHAM IN THE UNITED KINGDOM JUST WENT BANKRUPT SO ??? Comment from : @icet6665 |
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LOL this YouTube channel is so entertaining My complement to them for sacrificing time to make up these stories Comment from : @lc8850 |
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Don't worry about China it has a long term view, worry about the US debts Comment from : @miker3298 |
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Xi can sell more books to help with the debts Comment from : @1uP-v2 |
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China is going to collapse in 36 hours! Get off my feed please Comment from : @thelammas8283 |
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That’s ironic because the CCP always find ways to suppress religions, but now borrowing from temple How pathetic Comment from : @ninh05 |
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they should print more money if more is neededbrwe all know what a great result that gives peace Comment from : @Gsoda35 |
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Mu vs crystal palace Comment from : @lawrencechong9757 |
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Unnecessary typing sound effects make me want to turn off the video Comment from : @ibvlik3637 |
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Karma doing its job That's what happens when you bully other nations Comment from : @Ghost_038 |
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The CCP needs to inflate there way out of the debt The party should raise minimum wages, raise wages in government work and raise wages for those companies that take government contracts Total wages in China are just ocer 100 trillion Yuan, if the CCP doubles the amoung of wages they can effective inflate there way out while restructuring the economy to a new modelbrbrSo if the CCP doubles the amount of wages they can double the amount of taxes that are being raised while simultaneously reduce the total debt to GDPbrbrSo the CCP could implent property taxes while raising wages They could increase the cost of gasoline and the gas tax while raising the wages Increase the cost of subway buses and rail transport while raising the national wagesbrbrThe total debt outstanding in china need to be adjusted relative to GDP and the best way to do that is to raise wages rapidly while adjusting the structural problems Comment from : @mindpuzzle81 |
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When your government is so corrupt, it acts like the mafia Comment from : @ChrisDavies |
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Donation 🤦🏾♂️ Comment from : @ricklewis2845 |
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AWESOME ENDING PIECE ! ----- KUDOS TO YOU a wonderful offering ! ------ from Canada J Comment from : @jszelecz2530 |
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Imagine when this Communist Regime falls , Imagine a world without Communism ,finally for over a century the death and misery of communism GONE ! , North Korea aill fall soon after because they totally depend on teh CCP for their livelihood Both Communism AND North Korea falling !!!! Imagine that Comment from : @stevenphillips3466 |
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They are getting ready to for war, no way out of this one Same with the USA, WAR is coming Comment from : @annettedragich5436 |
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