Why are So Many Chinese Banks Disappearing?

My portfolio’s been all over the place since the attempt on the presidential candidate. Combine that with China’s economic crisis, and it feels like everything is falling apart.

You guys get a lot of mileage out of that picture of Xi Jinping looking sad next to a red graph

There are so many crash circles happening in China. One really important thing to remember is that in 1990, almost 95% of the land in China was owned by the provinces. For 35 years now, the provinces have provided almost all social services and infrastructure projects by selling off land to developers. Now that developers are bankrupt and not buying land anymore, the provinces have no real income. They have no system set up to bring in taxes like a normal regional or state gov't can do... and as they do find ways to tax residents directly, that is putting pressure on consumer spending. The other real death cycle is the number of middle class people who are paying a mortgage for a home that was never finished. You have a huge amount of people being forced to pay a mortgage and rent at the same time. In some cases it is even worse because the people got multiple mortgages thinking they could rent out their other homes. Having to pay double housing costs means people have far less money to spend in the economy on other things. Which leads to deflation. Deflation is bad, even inflation under 2% is bad, because it means if you are a consumer, there is no reason for you to buy items today, because you know that in a month the item will be the same price or cheaper. This is why the USA and most EU countries have an inflation goal of 2%. It is low enough that it doesn't really hurt anyone, but it is high enough that it encourages consumer purchases. This keeps the economy churning. Deflation is also terrible for businesses, especially retail items like food, because if you buy an item for your store today, it might sit in your store for a month and have a lower price when you can actually sell it. This is crushing for low-margin businesses like supermarkets and retail stores. This is all terrible, but equally bad is the covert ' decoupling ' by western companies, which have similar effects on the economy. TLDR: China peaked in 2019 and it is all downhill from here.

This has such an echo of the Japan deflation crisis. I think just as Japan provided a blue print for how to grow an economy it also provides a blue print on how to create a bubble

The table is back!

It is very easy to buy in on trending stocks but the problem is knowing when to sell or hold, which is why a coach is important. I've been in touch with one for about a year now and although I was initially skeptical about it, I will say I've made more progress within a year generating 6figure profit

The table has returned from the prison! Good to see he is ok

Excellent! Appreciate the content.

Pretty crazy that JP Morgan is the largest non Chinese bank in the world with only around 11% of US consumer deposits. Shows you how massive the US banking system really is.

it started in 2022 every citizen wanted to withdraw all there money out

Very informative and and enlightening. Thanks TLDR news for the this news!

they are just simply moving towards a centrally planned economy

Coz they lent to many struggling developers

40 banks

Bangladesh is in Danger

Always great content, TLDR!

4:12 Land leases, not sales. It's a lease for 70 years.

Thanks!

Good video

Awesome. Brilliant content. Spot on.