China’s 470 Million Middle Class Wiped Out, No Desire to Spend: 618 Shopping Event a Disaster.
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- เผยแพร่เมื่อ 29 มิ.ย. 2024
- Researchers are deeply concerned about the fate of China's middle class. A healthy middle class is crucial for a country, and the disappearance of this group can cause significant harm to society. On June 7, senior writer Milton Ezrati wrote in Forbes that China once had an optimistic and confident middle class. It supported the economy’s growth path with sometimes exuberant spending and aggressive investing. Sadly, those millions are now losing ground, with many slipping back toward poverty.
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How is this possible. According to the ccp, china's gdp has been growing +5 per year😂
Lol, even the chinese disagree. Junk metrics don't correspond to Chinese household income
"According to the CCP" is correct. What is their real gdp??
Fake GDP. Everything is tofu low quality. Copy cats society😢 Thank u CCP 4 f**king up China's economy😮 Blessings to 🇹🇼 & 🇺🇦 + 🇭🇰 ❤❤
Never expect the CCP to tell the truth.
More like shrinking -5 per year
I remember a time when Chinese would scoff at Europeans for being unashamedly frugal. Financial maturity is not something the Chinese have had, many are still chasing branded clothes, SUV's and massive chandeliers , but there are hard times ahead. Perhaps it's best for China in the long run, It'll make people think twice about what is really going on within and outside the country.
No, there is no long run. China is already screwed.
they support rus and hate west and jap. dao spirit. dao friends and hang out with enemies. their weird tactics.
You can't spend money if you don't have money. Talk about the people literally starving alone in their apts.
Its supposedly a socialist country so they could conceivably restructure the whole economy toward using all their excess productuve capacity to provide goods for the populace. However if they sent free cars to the hinterlands what do the city people get in return? That is the problem with a modern economy where agricultural products are low value.
Since China isnt' self-sufficient in a lot of things they can't do what the US did to get out of the Depression without watching the Yuan depreciate.
Good. Let's all further help the Chinese out by reducing any Made-in-China purchases whenever humanly possible.
I feel like China is finally being humbled
The irony is even if they want to spend the banks don't let them take out money. You have to show proof of a bill, proof of residence, police have to approve it in some cities. How can you spend when you can't withdraw enough money to buy a bicycle?
"Why do you need this money?"
"To help my local economy."
Next thing will be those bank just keeping peoples savings ... "Oops, your money isn't here"
@@nicholasrockall7308 already happening
CCP will give bad Loans all around the world, but will not take care of their own people. Sad situation.
@@jimmyerbe768 Just like the first person in this video, they are betting on the bright future. CCP gave out loan in exchange for power or influence over the foreign countries. They are unable to cash out on those loans yet.
The unwritten contract between the people and the CCP, whereby the people will ignore CCP total control in exchange for prosperity, is broken. Now the people will get very interested in what the CCP is up to.
Yeah, but CCP has all the guns. Now what?
@@davidtaliaferro Soldiers are people too. Historically it doesn't work out too well for them when a tyrannical regime orders the military to shoot the populace just because they are protesting and trying to assert their rights.
Patriotism of Xinnie PorkPooh #slopagandpa
- With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters.
-Chinese 🇨🇳 property Ponzi sector, which accounts for 30% of GDP, is crashing
-Tofu Exports and Western imports, accounting for 37% GDP, are down.
-Foreign investment is falling over 90% compared to it's peak in 2018.
-Foreign visitors are down 96% compared to the pre-pandemic level in 2019 with less than 200 americans left.
-Consumer prices are experiencing hyperstagdeflation.
-Youth unemployment hits over 21% (in reality 50%+ after eliminating faked numbers), a record.
-It's fast shrinking workforce is 10 years old than neighboring countries.
- During the years 1990-2021, the US printed 6.5 time more money while China printed 147 times.
- It has printed more money than the US and Japan combined, while it's economy is only half of them.
- Current Chinese debt-to-gdp is already highest in the world, at 300%, according to Bloomberg.
How will you do in a world where real estate companies, local governments, and banks across China have crashed or fled? That is your challenge for the future (will you own a trash house with the mortgage?). Pensions will be laundered and your daily pay will be 2 dollars.
Mengze harvard daughter: lives in US brother: australian green card daughter in law: british green card sister: canadian citizen brother in law: canadian citizen second sister: australian green card second brother in law: australian green card
Arctic Catfish Shenzhen: laughs at how Leeks feed her
WOW SO GOOD AWESOME Organ Leeks #sloprosperity #theskydontlie
@@sleepinglaffey3886 Thanks Laffey.
@@k9killer221 Its getting difficult to navigate though the k e y word filtering. I had to remove some bits because they tripped the system
CCP: Destroys the mechanism for wealth and prosperity
Chinese people: Waiting for wealth and prosperity to return
Is all the Chinese middle class lives for shopping?
Hobbies aren't really a big thing in China. The lifestyle is pretty much shopping, watching TV and playing with their phones. Older Chinese can add square dancing and mahjong to pass the time.
Given their currency devaluation, they might as well spend it. Use it or lose it.
@@iiisaac1312 Better spend it on something they can't take back, like a steak dinner.
Don't use the money to put toward a house that might not exist.
@@freeman10000I never buy coffee at Starbucks $5. I only make Lipton tea from tea bags which only costs 5¢ or
4毛钱。
They have nothing else to do.
No middle class, no consumption, no consumption recession.
Depression
@@dedriannehartgers629 Collapse
mid. class means wants and demand. lower class means tamed with a bowl of rice. very stable.
They won't spend until a Depression forces prices to become lower (depressed prices). The reason why depressing prices is "bad" is that it also decreases the value of investments and the income for a business.
Young Americans are learning the same lesson. They also find that most college degrees are useless.
Most professional jobs in the US are still preferring or requiring a four year degree. So...
@@fdm2155 most “professional” jobs don’t pay nearly what they used to in todays dollars and the degree still doesn’t make sense. Eg., a position for manager at Enterprise Car Rental requires a degree, but pays $25/hour. Or a Starbucks barista or an Amazon truck driver. Same. Get the picture? Do you know what they pay teachers now? Yes, for traditional white collar professions, eg., doctor, engineer, IT, etc., a degree is necessary and eventually eventually eventually pays off. But the old school American dream even for those careers is a joke. Gotta put the wife and mother of your kids to work too. For most, college is a lifelong debt crippling scam. Ask your average college grad about that.
@@mikemccormick8115 Pay for almost everyone has been lagging behind inflation for 40 years. That doesn't change the fact that most companies will still require a four year degree for all sorts of entry level positions. So if you want to get on the ladder you almost certainly need the degree. Few companies have in house training that will allow someone to work their way up. Again, that's also been true for years. They'd rather poach someone with the requisite experience than invest in training someone.
@@mikemccormick8115 I'm curious. As someone from Asia, I was always confused about why nurses are in demand in the US, they have so many people why aren't they nurses? It's practically a standard in my country. My brothers would even discourage me from going to any courses and going to ABM or STEM
Is it because Americans find nursing hard? I mean it is but even I, someone who doesn't even go outside much and spends time drawing. Would still become a nurse if I had to
Hell, I like art. I want to do art but I will still take engineering Aerodynamics since that's my fallback course. If art doesn't work out then I'll just become an engineer, no biggie
@@QuiiziYui Nursing is always in demand for a society of sick people. I think most young Americans understand nursing is hard work. It is not uncommon to see male nurses now. But there is a shortage. Many Americans have become fat, lazy, and weak. But forget getting a good job if you have a Liberal Arts degree. Most nurses where I live (Las Vegas) are from Philippines. You are smart to have a fallback plan to be an engineer, companies want female engineers, in case your art doesn’t pay the bills well. My daughter-in-law is one and her company treats her like a queen. Perhaps your brothers want more for you than nursing, a hard hands on job that doesn’t pay as much as it should, vs a thinking, more prestigious career like engineering. Good luck.
Are you sure its a real food or a toxic imitated one.
Exactly..!
WOW SO GOOD
After close observation I could say there was never truly a middle-class Chinese ..
it was a bunch of people who was just betting against their future by taking out credit cards
Agreed
Their numbers never added up. You cannot buy a 300,000 car on a 30,000 salery 😮
Absolutely. I have been there twice in the last year and I make 1.4 million yuan equivalent in U.S. dollars and I would not buy and own all the stuff that I see these folks have. They have to all be in serious debt.
All the jobs are leaving china. #lastgeneration
AI 5G Financial Expertise
4:02 I've seen too many fake food videos from China to comfortably eat that. That lobster might be formed imitation crab with lobster essence cooked in gutter oil for all I know.
same thought .... and it's half the price !
This just shows how much extra they charge you. Even with these discounts their still making a profit. Thing's will get alot worse over the next few years . Take care and save money and not in a bank!!!
I can’t have a bank account because of autism but i do stuff my mattress because that’s my bank I can’t open any account like that so I guess I’m okay.
Why is it that these young chicks can't make coffee at home for pennies? They NEED to buy coffee at a shop and then walk around with it. Just make coffee at home and take it with you. I guess they can't deal with coffee grounds.
Chinese have the habit of eating outside home cooking is rare
I found 95% of Chinese origin Singaporeans don't cook at home 😮
0:35 An airport is hardly the place to expect to find competitively priced food or drink.
China's middle class? They are all here in East London E14. What's the game they love with the frisbee? It's not cricket!
8000 rmb dress is confidence in the economy. hardly. That’s a gross amount for clothing.
That's women for you. Same in every culture!
@@wshyangifynot in my culture 😂 sorry find a ultra rich dude
This gal is proof that most women are greedy, and got no logic or common sense.
A greedy woman with no logic or common sense.
No logic or common sense, just greed and narcissism.
This is what WInnie the Pooh sowed
If majority of domestic population need to save a year just to buy an Apple iPhone can they really be considered middle class yet
As has been shown, the truly rich don't buy the well-known luxury brands like Gucci, Balenciaga, Louis Vuitton. They are sold to the middle class.
The rest of the world isn't letting China export its way out of this. Blame XI, when he accelerated the takeover of Hong Kong everybody decided China with XI was a problem. Even if they get rid of him, it will take a lot to get the foreign investment back.
It's gonna take several decades for foreign investments to go back even after xi jingping dies.
Xi proved foreign money wasn't safe in China. So the foreign money pulled out.
If he wasn't such a commie he might understand how the free market works.
Foreign investment has moved on. Much of domestic investment is also leaving if they have a way out.
The older Chinese are the ones who started cutting back spending earlier as they have been through more hard times. The younger generation lived in the period of growth and easy money and only now are experiencing a weak economy.
China's middle class are victims of the property and stock market crash. And you see many of them losing jobs because many foreign companies are leaving while FDIs have drastically dropped. Then, you have Chinese companies setting factories abroad to avoid US sanctions.
They are now heavily in debt, struggling to pay their loans, mortgages, and car amortizations.
They have little money to spend. So, they just don't spend.
I think they are also moving to find cheaper wages and to avoid the risk of CCP confiscating their assets, imprisoning executives. Not to mention the opportunity for better quality of life outside China.
It's astonishing how some people still think that they need to buy coffee when they could just as well brew their own at a fraction of the cost. Add a thermo flask and it's "to go". This misguided sense of entitlement will eventually have to give way.
Yep, I was in a bit of financial stress myself about a decade ago, so I bought myself a coffee percolator for around $60, knowing that it would save me money in the long run (takeaway coffee was about $4.50). Now, my finances are good again, but I still prefer to make my own coffee instead of walking up to the local cafe.
@@nicholasrockall7308 Yeah, I like lattes so I just got a milk frother for my nespresso machine. I like it better than Starbucks... and a fraction of the cost, not even close.
Why brew that organ destroying black liquid when you can get the same amount of caffeine from green tea by just increasing the dose?
@@piquant7103 That's a fair enough comment, and it's true too, but, some of us just love coffee mate. I don't mind green tea in small doses, although personally I prefer black, but that's just me :)
@@piquant7103 Not really the point. Drink coffee or tea or whatever, but make it at home for cheap.
10,000 yuan for a Tshirt. Wildly out of touch with reality and this ridiculous world you were living in was an illusion. Your hunt for 9.9 yuan coffee is exactly where you deserve to be.
100 yuan is a lot for a t-shirt. That's 13 bucks.
@@protorhinocerator14213 bucks isn’t much for a shirt
@@Enigmatic22 OK but she spent 1300 bucks.
@@protorhinocerator142 I’d have to say 1.3k bucks is bullshit for a t shirt, You can get so much better clothing with that value.
2:50 Money in the bank? 300,000 yen in the bank? I'm sorry to tell you but that money is gone, Go ahead and try to withdraw it!
The smart money left China years ago.
People found creative ways to get the money out, and many bought property in the USA even if it was swamp land that might lose 50% of its value.
Better to lose 50% than to lose 100%. Americans get alarmed that "China is buying up all American land". No, the desperate money was buying up a lot of worthless land they could get quick, just to escape the reach of the CCP.
Low income is easier to control by the government, we see it in the good o' USA. Feels like not much difference between a free world and whats going on there.
If the CCP sees this as a threat to the economy and therefore their own power they'll just make a law saying people have to spend a certain amount from their income. It'll be a popcorn watching event to see how they reconcile this with their practice of preventing people from withdrawing money from their bank 🍿 😅
Nothing will really happen. Disobedience is always a thing over there. Unpopular rules are ignored and they usually don't do anything unless national security is endangered.
That’s kind of already happened
Has nothing to do with "confidence"..just like the United States, no one cared they were in debt. People laughed at those that refused to go into debt, "Come on, have some fun...!" Governments told people debt was good. We knew better, did you?
Debt is evil.
Eat ramen noodles for 2 years if you must, but get out of debt now. Have a solid plan for eliminating debt and stick to it.
At her age, to spend 10,000 on a dress was not the most responsible thing. Splurging and splurging and rewarding yourself for something
comes back to bite you and in this instance it did. You should have put that money in a safe place AND NOT IN A BANK for down the road.
Retirement, whatever.
Mid level restaurants are booming as people put money, which they were planing to spend on the property down payment, into enjoying a hearty meal😂
Might as well. The government can't repossess a steak you ate last week.
The corruption of the ccp has led to this.
China's middle class is just well below the U.S.' means if we count income for individuals and households.
Making videos about eatting when 90% of the courty is starving and dying is WILD.
Where'd you get the 90% number? Sounds faked.
Who would have guessed than when you claw back wages, make it difficult for people to withdraw their money from their savings accounts and invent new laws that allow cops to confiscate personal property to generate revenue, that it would lead to people distrusting every aspect of the government? If you have any money left, you need to invest in some camping and fishing equipment and get out of the cities. It's going to get ugly.
1:10 1500 yuan for one dress.....10K yuan on a shirt....still looks at 9.9yuan coffee as rather frugal. She seems hopeless. (Daddy must be well-off. Such spoiled upbringing can ruin a young woman; perspective warped and few men worthy.....or worth enough. Frankly, such men are well-subscribed and will likely look past her. 'Lesser' men will be rejected, and/or will reject such a princess.)
i wonder how long till high end woman lower their standard too
Just like caviar left out on the shelf for too long, they'd still be rotten and expired 😂
@@wshyangify 🤣
As domestic demand dampens amid gruesome economic woes, consumer confidence tumbles in China.
what I'm seeing is. NO ONE is planting and selling food. this is crazy........
Where are you going to sell it? It's too expensive to rent a place and you can't have a stall! You will be chased away!
No. China leads the world in most of the food production. That is not the problem. The foundation remains, the superstructure is disintegrating. The city economy is unraveling.
Every bit of land that now contains a hi-rise once grew food .
@@ozeight4278 They tore up the best land to "urbanize" and ended up building ghost cities with tofu buildings.
The buildings are the kind of tofu you can't eat.
The Pooh and the CC's better hope China never figures out the regime dudded them.
There are still videos of Chinese people on their knees begging the ccp to save them or protesting while holding portraits of Mao
Meaning they still see the ccp as a solution to their problems as opposed to the source of every last one of their problems
As long as this belief persists the party will be safe .
WEF said " You'll own nothing and be happy".
Seem like people in China are more worried about material things.
Been in China 25 years and I’m still amazed how people think they are middle classed
I know people that have bought property with a loan and when the property increased in value they go back to the bank and borrow the on paper profits to buy a car
They are knee deep in debt and living in properties have have slipped into negative equity
A middle class person in the west has no debt
It's okay to be thrifty.
Exactly right mate, people just need to seperate their 'wants' from their 'needs'. You can still live happily on a limited budget, it's not difficult.
No... it's GOOD. Why waste money on clothes and crap that doesn't matter when you're gone? Why invest in money that isn't real? Build a life, not a bank account. Don't feed someone else's scam. They said, "Let it rot." Why? Because starving felt better than being worked to death. But why choose either?
@@tuvoca825 Wise words mate, it's better to accumulate good memories, rather than expensive possessions.
Forget thrifty. Go full-on cheapskate. And don't apologize for it.
It's not about how much money you make, but how much you get to keep. When you make 100K but you blow 100K (or more) you're just another rat in the maze.
Cut entertainment expenses first. Cook at home. If you have to drive, combine trips.
And find other cheapskates so you can share ideas. Ideas are free.
@@protorhinocerator142 Bravo.! go all the way, and be comfortable with it. Well done :)
The lower Class must be going Hungry .
Poor Beggars !
my philosophy has always been even if you have money i still live as a poor person
A wise philosophy
Being a cheapskate is a hobby you can afford to enjoy for a long long time.
I don't even pretend to be frugal. Cheapskate is where it's at.
It is certain that current economic condition of China is worse than the Pandemic period. It is experiencing strong deflationary pressure. Hold cash as much as you can. Cash is king.
The USA is also quickly loosing its middle class.
But what about the increase of nuclear arsenal??
Uncle Xi, still not wanting to play by the world rules, then suffer the consequences.
Riches to rags because of the ego of one leader.
So basically, it's their own fault for not being careful with their money?
Start a Coffee drinkers Union...
Wiping off of middle class and the GAP gets BIGGER
$1300 bucks for a shirt? WTF?
Basically China is 12 months ahead of US. Hoping prices will drop in the US soon, I want to eat out once in a while.
Prices won't go down cause money isn't worth anything 😂
As a American i save everything i can
Well make your coffee at home duh.
Or don't drink it at all because you can live without it.
Coming to a country near you so pay attention of the future .the Chinese people are going through pure hell right now.
So, isn’t it possible that greedy high end merchants & restaurants were overcharging in the first place & now are forced to charge realistic prices?
That first lady basically borrowed from the future she envisioned where she won at life thinking nothing coule go wrong, big mistake
Now the Chinese people , are getting a taste of how depressing it is to see their personal wealth , disappearing from them !! It’s been like this for us average Americans since the 70s and the financial disparity has never left most of us . Wait until your 40+ years into this dispare …
For those that don't know 9.9 Yuan us $1.36. And at alot of airports you can't find coffee for that cheap either in the U.S.
Dear Caesar empty they have very little wildlife and very little land space left Chinese people have finally realized what it is to struggle and not have
Given circa 100m babies counted in the stats were never born (and those babies would have been under 40 today) and considering that 300m will enter the elderly population by 2031/2, and given the birthrate is 0.7 in reality (same as S.Korea) and population falling at an average of 12-14m per annum between now and 2050, China is doomed (economically).
Wait, there's a 618 shopping festival. China's getting worse than the US with all of their dumb shopping festivals.
Love learning what's going on in the other side of the world. Great channel. 👍
Good the Chinese are terrible.
The problem with the Chinese economy is, when it collapses, ten minutes later you want another one 😮 😂😂😂
Thank you buddy
Yea I can't afford Boston lobster either. Imitation crab meat is on my shopping list.
Most powerful country in the world… coffee? Dresses? Brand name? WTF? No sympathy
IS china having its 1848 moment?
1000€ clothes are way out of reach for most (90% and above) of Europeans, no matter state of economy
Shocking to convert that 10,000 yuan t-shirt into local (6-yuan) beers. What on earth was she thinking back then?
In Communist China "i got a tight belt, you get a tight belt, everybody got a tight belt'😂
Young women bet big on a rich husband saving their future
I'm downgrading my spendings my whole life, but do I cry, no! Be strong and embrace the poverty👍
GenZ across the globe is soon going to learn how to be frugal ... IMAGINE THAT!!!😅😂🤣
China prospered under Western Morality which Ideally has a moral obligation to everyone. China has a graded system of moral obligations. Lowest for strangers. Like those who will live in the apartment block you are building. Providing the Concrete perhaps. Your economic successful rise involved commerce with the West which demanded Western morality. Which was provided by Western supervision.
Xi, for chauvinistic reasons has ousted Western influence.
Western lore has it that he has found that much of the material used in building his aircraft carrier was of lesser quality then that specified.
Im sure they would spend if they had money😮
minimum wage on china is $3.7 per hour but in US is almost $7.25 per hour. poor labored on china fast worker and many producers. too much work for Chinese labored
Chinese are going to each other. Not in te good way
"eat each other?"
@@garymartin9777 yea Canibelas
Yes, they already have problems with selfishness and lack of care for one another, due to communism. So, when things get worse over there, say in about two or three years from now, the country will become a nightmare with crime and social breakdown. They'll be eating each other alive.
@@ericbeattie761 I agree. When it gets bad, and it will, they will go Mad Max in China. Food will disappear and people will resort to cannibalism.
There's just not much way around it. Actually I put some thought into this. Here's my road map.
1. Chinese economy collapsing. Xi gets desperate.
2. Xi makes the crucial mistake of trying to attack Taiwan. This breaks the camel's back.
3. USA puts sanctions on China like the Russian sanctions. These are already drawn up and ready to be signed.
4. China can't sell its worthless products overseas. No money coming in.
5. China can't buy things it needs overseas. Nobody will accept Yuan, especially at that point, and they can't use dollars anymore.
6. This means no energy coming in (oil and coal) and no food/fertilizer coming in.
7. Recent estimates say China might have 2 months worth of durable food saved up (grain, canned goods, etc.) but it won't help. Market forces will cause speculation, aka price gouging. When they know no new food is arriving at the port, food will cost 10x, 20x, 100x very quickly.
8. There will be a run on the supermarkets like the run on toilet paper we saw during covid, only much worse. People will buy or steal whatever they see, and get it home for their families. There it will be guarded.
9. Robbers will attack other families to get the food. It will get brutal.
We're not done.
10. After too much time has passed, Xi will admit there's a problem and start food rationing with whatever's left.
11. But Xi is a commie, so he won't ration based on merit or money. He'll ration based on the Chinese social credit system. All the politicians have high social credit scores, so they will all agree this is the wisest way to proceed.
12. People with low credit scores will get no food.
13. The flaws in the system will be exposed instantly. Politicians produce nothing but words and they will get the most food. This skews the curve for everyone.
14. Inevitably, some class at the bottom of the score will be an indispensable part of the system. Imagine if all farmers have a low social credit.
15. If the farmers aren't allowed to have food they will simply stop farming. Or they will farm just enough for their own families and eat that until the police come to get them. Farming is hard work, and the button pushers in the city can't just fill in for them. Food will not be grown.
16. If the government is coming to arrest the farmers (where they will starve to death in prison or simply be shot) they might decide to poison whatever food they haven't delivered. Might as well kill the people who killed them, right?
17. Even if it's not farmers, other classes that aren't so well-connected politically will be at the bottom. Sanitation workers, people at the electrical plant, grocers, police, dock workers, etc. The more useless people (politicians) are at the top of the social credit ladder, it means more critical workers have to be at the bottom. They must.
18. Commies are slow to admit their bad decisions. If it takes a few weeks before Xi admits his mistakes, the people at the bottom of the social credit system will have already starved to death. It's now too late to fix. You can't authorize more food for dead people. It doesn't work. Those critical workers are just plain gone and won't be back.
19. Societal collapse is far too tame of a phrase to describe what will happen if/when hundreds of millions of people are ordered to starve to death. And that's what we're looking at. China needs to import enough calories to feed hundreds of millions of people a year. Their domestic agriculture is insufficient.
20. Mad Max becomes a reality. People fight and kill for precious resources like fuel, food, and water.
21. Somewhere around step 10 the people will see just how screwed they are and resort to cannibalism. Why let perfectly good corpses go to waste?
The actual order of events may vary, but you get the idea.
It will get so bad that the world will cry out in horror and try to get humanitarian food into China. It won't work, as ships will be mobbed as soon as they arrive in port.
We'll simply have to stand back in shock and disbelief as China descends into a hell of their own making.
Luxury goods brands are really going to see major losses due to the pull back in spending in China and world wide...
Back to the roots.
You must be insane to spend 8000$ for a shirt regardless which income bracket this is like asking for trouble.
Hi, Hey you are my favourite narrator of all.
You have a lovely voice.
Regards from Colombia
The house you live in is always a liability…if you own it . Dollars are units of debt not units of wealth.
Your team losing in 5v4 fights and waiting 40 sec for respawn is far more valuable than you pushing 2-3 waves and distracting 3 of their players for 15 seconds. You were the best player in your team but you were also the reason you lost.
This is pretty much a universal problem in the world today. It's more prevalent there because growth was stagnating because foreign investment is practically nonexistent, as foreign companies exit. The artificial growth of heavy real-estate investments that went downhill as banks were forced to lower interest rates tanked economic prosperity.
This undoubtedly could have a trickle down effect, one that is also forcing price movements in the US and the rest of the western world.
Economics is a dismal science.
you got it
They overspent and are now complaining about it. Sorry, not sorry.😂
It is like this everywhere and scary
That real estate bubble is going pop here too.
Another Billion 2 go!!
🇺🇸🤣
Image spending 4 hours on shopping apps, than thinking yoru life is being used in a way of high value...
These chicks don't have middle class problems,t hey have spending and bad habit issues
Just like 1929 in the west, China is having their Great Depression. fg