https://youtu.be/UPwtUTrwKRI "They were building cities the size of Indianapolis once a month... giant ghost towns of cheaply made dangerous buildings that nobody lives in just so they could cook the books on growth, housing, labor, everything..."
The scale of it is truly massive the fallout from this will be huge!
people have no idea how many ghost cities they built... it's insane.
the reason they were able to build so much so fast was to build paper thin walls with no insulation, no finishing, tiles falling off of walls less than a year after they were placed because the buildings are racking so badly...
these buildings are death traps, but china doesn't care... they aren't built to house people, they are built to manipulate the world economy
you're putting people to work, even if they aren't being paid much and aren't really doing anything real it's still a job you can put on paper.
you're showing growth of giant mega cities all over the country, giving the false impression that this secretive authoritarian country is foreign ahead to the next century and keep in mind they weren't really going after the US with these projects, it was more of a dog and pony show to bolster their belt and road imitative showing chinas willingness to undertake massive infrastructure projects
building housing shows "strength" in their government to lead and provide for it's citizens, even if it's all faker than pornstar titties it's still something they can show their people and the world that their way works and they are able to provide for their people
it worked as a massive real estate hedge for worldwide investments... money came pouring in because the speculation was that you could buy there buildings on the cheap chinese currency then bank when the currency took off. so it allowed the CCP to shovel up cash, much more than they were putting out. money came in from all over the world into this fake nonsense... like a giant ponzi scheme.
it allowed china to go develop undeveloped parts of the country, forcing farmers off their land and into these cities... to bring more people into their control and influence. to be dependent on the CCP.
lastly (there are others) it gave manufacturing more room to spread out, by telling these big multinational companies "no problem, come invest here, build your factories here, we've got massive cites that we are going to fill with a workforce ready to go.
bottom line is what the world thinks goes on with china and what actually does are two very different things, the CCP makes sure of that. they will lie and cheat and steal all they want, there is no international body that has the balls to stop them... trump was the only one with the balls to do so and look what they did in response... they unleased a bioweapon to help get him out of office.
china is an undeniable threat, one that we allowed to happen, the ghost cities were just one piece to this puzzle but a very important one... it's like someone is standing on a rowboat in the middle of the ocean and started shooting a shotgun into the floor...
better get billy mays with some fix a flat patches cause this is some serious shit for them, they are now on a sinking ship and they are going to make some desperate moves to change the narrative...
Adding a bullet point, China has huge domestic demand for real estate investment properties based on price appreciation rather than rental income and the idea that physical real estate will have long term intrinsic value. I think a lot of the units have been sold to middle class Chinese, hence it had to exist but nobody planned to live there
Its how they lured in more and more investors, ponzi scheme. People would not invest in something they couldn't see. Build entire cities, investors will come.
An urban explorer group "The Proper People" visited China in 2019 and have a dozen or so videos of YouTube visiting the abandoned and never finished buildings. I remember in some seeing cracks in the walls big enough to see right into the next room.
exactly... the buildings are fucking dogshit. the few that actually did get constructed properly, were either never finished or finished so cheaply/poorly that they all fell apart in a few years.
just like in other ventures if the shop next to yours is selling the same type of product you are, for less money... it doesn't matter if the quality is shit... stupid people only look at the price.
so it wasn't profitable to build things right when there are 12 other developers offering you "the same thing" for less money.
just like in industries where certain laws can be bent if the customers want that... the companies that do follow the rules can't compete because they aren't willing to risk breaking the law to bring in something that is beyond regulation limits.
the fireworks industry is a prime example of this.
take basic firecrackers for example (same thing applies to most categories of consumer product) the regulations on firecrackers in the US is silly... those "m-80's" you see most stores carry... nothing more than a regular sized 50 mcg of flash cracker inside a larger tube... however there are some people who import real m-80's with 4, 5, 6 full grams of flash... and those guys get all the sales if they manage to sneak them into the country.
the people following the law, following the regs... those are the companies that get screwed with because they are playing the compliance game. so the BATFE and CPSC target them for inspections and product sampling, even though they know the product is compliant (or at least trying to be) and they seemingly do nothing to stop the flow of illegal and dangerous items because those companies aren't registered with the self policing agencies like the APA.
but china... those fuckers in china will make you anything you ask them to, just pay them the money and they'll ship it... the rest is on your neck if you get caught.
big companies are too scared to roll those dice, small guys can afford to take the risk they have a lot less to lose.
i wouldn't be shocked at all to learn that the same thing was happening in the construction trades over there... you need something built that isn't even close to "code"... no fucking problem... someone is willing to do whatever you are willing to pay them to do... less quality means less money means more profit for someone.
https://youtu.be/UPwtUTrwKRI "They were building cities the size of Indianapolis once a month... giant ghost towns of cheaply made dangerous buildings that nobody lives in just so they could cook the books on growth, housing, labor, everything..."
The scale of it is truly massive the fallout from this will be huge!
people have no idea how many ghost cities they built... it's insane.
the reason they were able to build so much so fast was to build paper thin walls with no insulation, no finishing, tiles falling off of walls less than a year after they were placed because the buildings are racking so badly...
these buildings are death traps, but china doesn't care... they aren't built to house people, they are built to manipulate the world economy
because it's a multi-layered effect...
you're putting people to work, even if they aren't being paid much and aren't really doing anything real it's still a job you can put on paper.
you're showing growth of giant mega cities all over the country, giving the false impression that this secretive authoritarian country is foreign ahead to the next century and keep in mind they weren't really going after the US with these projects, it was more of a dog and pony show to bolster their belt and road imitative showing chinas willingness to undertake massive infrastructure projects
building housing shows "strength" in their government to lead and provide for it's citizens, even if it's all faker than pornstar titties it's still something they can show their people and the world that their way works and they are able to provide for their people
it worked as a massive real estate hedge for worldwide investments... money came pouring in because the speculation was that you could buy there buildings on the cheap chinese currency then bank when the currency took off. so it allowed the CCP to shovel up cash, much more than they were putting out. money came in from all over the world into this fake nonsense... like a giant ponzi scheme.
it allowed china to go develop undeveloped parts of the country, forcing farmers off their land and into these cities... to bring more people into their control and influence. to be dependent on the CCP.
lastly (there are others) it gave manufacturing more room to spread out, by telling these big multinational companies "no problem, come invest here, build your factories here, we've got massive cites that we are going to fill with a workforce ready to go.
bottom line is what the world thinks goes on with china and what actually does are two very different things, the CCP makes sure of that. they will lie and cheat and steal all they want, there is no international body that has the balls to stop them... trump was the only one with the balls to do so and look what they did in response... they unleased a bioweapon to help get him out of office.
china is an undeniable threat, one that we allowed to happen, the ghost cities were just one piece to this puzzle but a very important one... it's like someone is standing on a rowboat in the middle of the ocean and started shooting a shotgun into the floor...
better get billy mays with some fix a flat patches cause this is some serious shit for them, they are now on a sinking ship and they are going to make some desperate moves to change the narrative...
taiwan is now 100% in the crosshairs.
Adding a bullet point, China has huge domestic demand for real estate investment properties based on price appreciation rather than rental income and the idea that physical real estate will have long term intrinsic value. I think a lot of the units have been sold to middle class Chinese, hence it had to exist but nobody planned to live there
Wish I could upvote 5 times, very succinct and spot on
Thanks for this very good explanation
Its how they lured in more and more investors, ponzi scheme. People would not invest in something they couldn't see. Build entire cities, investors will come.
run satellite coverage of country and if on paper it said there 100 new cities, but lanscape shows 0 new city areas ...
An urban explorer group "The Proper People" visited China in 2019 and have a dozen or so videos of YouTube visiting the abandoned and never finished buildings. I remember in some seeing cracks in the walls big enough to see right into the next room.
exactly... the buildings are fucking dogshit. the few that actually did get constructed properly, were either never finished or finished so cheaply/poorly that they all fell apart in a few years.
just like in other ventures if the shop next to yours is selling the same type of product you are, for less money... it doesn't matter if the quality is shit... stupid people only look at the price.
so it wasn't profitable to build things right when there are 12 other developers offering you "the same thing" for less money.
just like in industries where certain laws can be bent if the customers want that... the companies that do follow the rules can't compete because they aren't willing to risk breaking the law to bring in something that is beyond regulation limits.
the fireworks industry is a prime example of this.
take basic firecrackers for example (same thing applies to most categories of consumer product) the regulations on firecrackers in the US is silly... those "m-80's" you see most stores carry... nothing more than a regular sized 50 mcg of flash cracker inside a larger tube... however there are some people who import real m-80's with 4, 5, 6 full grams of flash... and those guys get all the sales if they manage to sneak them into the country.
the people following the law, following the regs... those are the companies that get screwed with because they are playing the compliance game. so the BATFE and CPSC target them for inspections and product sampling, even though they know the product is compliant (or at least trying to be) and they seemingly do nothing to stop the flow of illegal and dangerous items because those companies aren't registered with the self policing agencies like the APA.
but china... those fuckers in china will make you anything you ask them to, just pay them the money and they'll ship it... the rest is on your neck if you get caught.
big companies are too scared to roll those dice, small guys can afford to take the risk they have a lot less to lose.
i wouldn't be shocked at all to learn that the same thing was happening in the construction trades over there... you need something built that isn't even close to "code"... no fucking problem... someone is willing to do whatever you are willing to pay them to do... less quality means less money means more profit for someone.
They just toppled hundreds of them.