China's Worst Nightmare Comes True, Protests Everywhere, Mortgage Crisis, Full Breakdown

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in 1989 the CCP did something that shocked the entire [Music] world China’s democracy protests were threatening the ccp’s rule it made them scared so scared that the CCP decided to launch an attack against its own citizens to silence the protests in the process thousands of innocent Chinese students were killed and thousands more were wounded in the last few weeks something similar has been happening in China that is scaring the CCP Chinese citizens across the country took to social media to do something that has never been done before thousands of wouldbe homeowners pushed for a movement to stop paying mortgages on their homes in an attempt to put pressure on the CCP and Banks to treat them fairly protests broke out in multiple cities and the Crusade seems to be gaining more and more momentum each day the CCP is so worried that it is already sent out tanks to maintain [Music] stability for the first time in more than 30 years the CCP is fearing for its existence and it all has to do with China’s real estate bubble according to one expert the CCP sees this situation as a political protest not a banking crisis government officials are extremely fearful about how this might turn out but one country could already be facing a recession and that is China a massive protest over Frozen Bank deposits hundreds gathered in jungo tens of thousands of them have begun withholding payments demanding compensation before long thousands of security Personnel appeared accusing the local police of using violence against them they rush over by the hundreds grab somebody and beat them and kick them regardless of whether it was men women the elderly or children even people with disabilities big Chinese banks are at risk over $9 trillion in loans are a danger of defaults and if the situation gets any worse this could forel the collapse of China and the CCP this mortgage crisis isn’t the only crisis the CCP is dealing with as covered in my previous videos zero covid policies and bank deposit scams in Hanan pose a big risk to China’s fragile economy too but this mortgage situation is by far the biggest threat as it affects trillions of dollars involves some of the most important industries like Banking and real estate and influences Millions of households in the country according to a well-respected expert this mortgage crisis could be aund times worse than the 2008 financial crisis so to keep the news Under Wraps the CCP sensors are working overtime to censor any articles and videos that spread the truth now I have my suspicions that the ccp’s Bots have always been disliking my China videos in order to suppress it in the algorithm so if you guys can just take a quick second of your time and tap that like button below it helps me out a lot with the YouTube algorithm especially when covering topics that are critical of the CCP even though the protest started in July the problems have been brewing for China’s real estate market for decades so before jumping into how these protests are threatening the ccp’s rule let’s first go over how the Chinese economy got to where it is now [Music] here in Uncle Sam’s America it’s considered to be an important part of the American dream to own a home but slowly it’s getting less popular among newer generations to do so because well it’s not very affordable China on the other hand is different the importance of owning a house has only gone up in the past couple of decades real estate is one of the asset classes that the public trusts more than anything and real estate ownership has been a very important cultural significance to the Chinese people families use real estate as a way to plan for their retirement guys with real estate are considered attractive choices for marriage and the amount of real estate you own is directly related to your social status in society considering all this you can see why real estate prices have continued rising over time if you want to learn more about the cultural and economic significance of real estate in China paully matter has a great video on this which I will link below there’s a high demand for Real Estate because of all these factors and coupled with Incredible price rises in the past you can see why everyone and their mother wants to buy a home kind of reminds me of the 2008 US housing market where everyone wants to buy real estate because real estate prices are only going up the rush to buy houses was so huge that the developers were selling out complexes before even breaking ground for construction however even after construction finished Apartments just sat there empty because they had owners but no habitants demand was high because everyone wants to buy their second or third home to get rich on the real estate boom so Supply increased drastically to match the demand but a lot of these homes were just sitting empty as owners were only buying these homes in hopes of price appreciation because other asset sectors weren’t as accessible and developed real estate was the only thing people invested in based on one data set Chinese families had around 70% of their wealth in real estate Yes you heard that right 70% they are not much for diversification oh just imagine if something happened to the real estate market all right I think I’m laying on the foreshadowing a little too thick the collapse of Chinese property giant evergrand unfolds shares in the highly indebted company have fallen 80% this year and 15 Towers unfinished for 7 years the developer bankrupt these towers were recently brought down in Shanghai after 20 years of stalled Construction [Music] evergrand took full advantage of this boom in China’s real estate market and became one of the largest developers in the country at one point in 2018 they were actually the biggest real estate company in Asia when people look at something that big well they kind of just assume it’s all legitimate often times though that’s not really the case I hope you guys learned that lesson after the 2008 crisis if anyone had looked under the hood they would have realized that some of the practices happening at evergrand were far from appropriate now due to the sheer scale of the company a lot of practices were quite complicated but here’s my attempt at trying to simplify this remember earlier how I mentioned that fomo into real estate was so bad the people were buying houses before construction even began you usually a company like evergrand would lease a piece of land from the local government then they would turn around and sell the houses that are supposed to be built there and receive full payment for the houses before even breaking ground companies would never have any issue selling out as the demand for Real Estate was so high people were more than happy to take out mortgages and buy houses just in hopes of owning real estate someday in the future now the big problem that starts here is that companies like evergrand wouldn’t usually use the money from the sale to start construction no instead they would use the money as down payment to buy even more land so they can sell even more apartments for the future now this is already a huge problem this should not have been allowed in the first place any unbiased person can look at the system and figure out that this isn’t going to last this is exactly the job of the CCP but they passed on this responsibility to the local governments and this is where another problem lies local governments were directly benefiting from these real estate pyramid schemes that companies like evergrand had going on you see in China one of the big ways local governments make money is by leasing land to developers like evergrand this meant that the more risk these property developers took on the higher the bids on this land that the government was leasing out around 50% of local government government’s Revenue was coming from leasing out land the same government that should be protecting its citizens from these risky practices is benefiting heavily from these so-called risky practices this is a prime example of perverse incentives we don’t even need to get into the corruption that goes on around these land leases this was one of the main reasons why China’s real estate bubble has gotten so big Regulators were always slow to step in because it was directly benefiting them the CCP saw where things were heading and tried to get things under control by implementing the three red line policies for property developers but it was a little too late the debt burden continues to weigh on China’s ever Grand group as its angry suppliers are protesting the developers unpaid bills while its Bond holders patience has dissipated the Shady practices don’t just stop there either evergrand would list these houses as assets under their balance sheet to get more loans from the banks so they can finish construction these houses were already sold to other people so no matter what accounting magic you use these can’t be considered assets of everg grand the worst part is that evergrand wasn’t the only one pulling these Shady tricks almost every real estate company in China was operating this way the whole sector was overleveraged to the teeth just like a Ponzi scheme the only way to continue forever is if you continue growing forever but you can’t keep growing if people lose trust in everg Grand’s ability to stay solvent and I’m sure you guessed it by now that’s exactly what happened once the company misses one payment chaos ensues early last year one of everg Grant’s subsidiary companies failed to make a payment on its loans and people started looking deeper into its financials this is when the House of Cards started crumbling and the news about contagion spread across the world the debt burden continues to weigh on China’s ever Grand group a China’s top real estate developer ever Grand is reeling under a financial crunch meanwhile in China the debt crisis at evergrand is only snowballing and there’s so many questions surrounding everr in a notice circulating on social media the suppliers have demanded payment from evergrand everr everr ever Grand ever Grand as ever Grand’s debt crisis deepens small business owners and people waiting for homes to be completed are starting to despair these investors were lowed in with various prom to demand the developer to give them their money back the protest made authorities nervous when the news got out that evergr could default on $300 billion worth of loans Panic spread throughout the economy people also realize that this problem isn’t limited to evergr the whole real estate sector is overleveraged and it’s starting to crumble Chinese developers owed around $5.3 trillion in debt when the CCP realized just how big the problem was they decided to step in and soften the blow back in 2021 ever since then evergrand and other real estate developers have been chugging along slowly with the help of the CCP and by slowly I mean like a snails pace construction of buildings sold in 2019 are still not done all the funds from new sales are basically going towards paying off companies liabilities instead of actually finishing up projects this is just one example of Unfinished projects that had to be demolished because of problems from the delay in construction whenever owners of these houses would ask about construction delays they were just met with excuse after excuse slowly things just got to be too much some of these citizens had their whole life savings invested in these unfinished projects and they just couldn’t take it anymore so on July 1st all of the home buyers from a project in central China published a letter saying that they would stop paying their mortgage payments to the bank unless the construction restarts now a project usually includes thousands of houses and are worth upwards of hundreds of millions of dollars but at the end of the day it was just one project in a nation of 1.6 billion people so it wasn’t that big of a deal but it didn’t stop at just that one project by the same evening home bu ERS from another such project had announced the same mortgage boycott and the movement started to spread across the nation by July 12th 100 projects had joined the boycott and as of the writing of this script over 300 projects across China are boycotting mortgage payments until construction resumes tens of thousands of people have willingly defaulted on their mortgages in hopes of getting the government’s attention people have also taken to the re to protest these construction delays currently these 300 projects represent more than a hundred billion dollar of debt that China’s big banks are holding when you factor in that some major developers also defaulted last year on their debt this is not a good sign for China’s banking institutions what’s even more concerning for banks and the government is not just a hundred billion dollar in possible default but the growing number of people who are joining in on the boycott the CCP has already ordered Banks and news organizations to stop publishing reports about mortgage boycotts party officials are doing everything they can to kill this news these boycots represent an existential crisis for Chinese Banks a crisis that has a potential to be 100 times worse than what American Banks faced in 2008 one of the big differen between 2008 and the current situation in China is that the majority of these loans are collateralized by houses that are not yet built so Banks can’t just repossess the house when someone defaults and cuts their losses banks are being forced to eat these losses and if the defaults keep growing there’s a chance that big Banks might fold one of the big four State Banks in China has already limited people’s withdrawals I’m sure most of you already know how the modern banking system system works but here’s a quick overview for everyone else Banks usually loan the money that depositors deposit and hope to earn interest on it to make a profit usually the reserve requirement is set by the central banks let’s say that it’s 10% that means that whenever Banks get $100 in deposits they are only required to keep $10 in the vault and they can loan out $90 and charge interest on it so this is just a very simplified example but these types of transactions happen millions of times over and over again in an economy and that’s basically how the modern banking system works for every $100 in deposits banks are able to create about $1,000 of money in circulation now this system is pretty great in the past Century a lot of economic growth is in part thanks to this fractional Reserve banking but the only way this system works is if depositors have trust in the bank’s ability to keep their money safe now if too many of these loans that banks are giving out become worthless then that trust starts to erode this is why the USA enacted strict lending regulations after the 2008 crisis so banks are careful with who they lend to now as more and more home buyers are defaulting on their loans Chinese banks are also at risk of losing the trust of the depositors putting limits on the withdrawals definitely does not help with building that trust if too many people start pulling out their deposits from the banks then a Bank Run happens and Banks collapse because of it this is where the big headache lies for the CCP the Chinese economy is heavily reliant on its financial sector and the real estate sector real estate represents around 30% of China’s GDP while seven out of the top 10 companies in China are financial institutions this is why as the news about these boycotts spread the CCP held an emergency meeting with the banks to discuss the Rising risk of these defaults to help the struggling developers the CCP is considering injecting more than a trillion dollars into real estate companies so that they can finish off construction with these projects remember last year when the evergr news came out the CCP was strictly against bailing out failing companies as they didn’t want to promote Risky Business behavior in China but now that they’re realizing that this has the potential to tank the government CCP officials are changing their tone when it comes to bailouts the CCP has also stepped up the censoring around this topic in hopes of stopping more people from joining the boycotts and protests as mentioned earlier the CCP sees this situation as a political protest not a banking crisis government officials are extremely fearful about how this might turn out I’m guessing they will do anything in their power to suppress any news around this topic usually my China videos are heavily disliked by Chinese Bots to hurt them in the YouTube algorithm so again if you guys can take a second to scroll down and hit that like button means the world to me as these videos they take a lot of time to make currently we don’t have that much info as to what the CCP plans to do as the news is still developing but as soon as I have more info I will have a video out [Music] ASAP so YouTube has age restricted and demonetized our last video because because we’re covering the Chinese protests but you know YouTube is basically saying that if we continue doing this we could get the channel deleted luckily I think I have a good workaround so I’m not going to stop covering these protests basically the solution is that a lot of the clips will be blurred out so you guys are still getting the content but I won’t be able to show all the clips if you do want to see uncensored videos you can just sign up to be a member which supports the channel and these videos will be available to all the members unblurred and it won’t put my channel In Harm’s Way as these videos won’t be public I just want to clarify that my goal is not to squeeze money out of my audience but I mean since these videos are getting restricted and demonetized YouTube membership is kind of the only way for me to recoup some of that Revenue anyway hopefully you guys understand my side of the story if you do have any questions just comment down below and I’ll try my best to reply to everyone if you guys haven’t watched the previous video about how government officials stole $6 billion from Chinese citizens click the screen here to learn about that it is definitely worth your time China is crumbling protests are spreading against the banks people are getting sick of the government’s incompetence the CCP is so afraid that it has brought out tanks to maintain stability 2022 is not being kind to the Chinese economy we are just halfway through the year but the Chinese economy is already burning and crashing on various levels what once seemed to be a composed country with everything in order is beginning to show its vulnerabilities as nothing more than a crumbling House of Cards a nation built on pillars of sand initial GDP growth projections for the nation have been revised to 4.3% in 2022 almost 1% less than the last projections from December the question becomes as the world’s second largest economy the largest by some measures starts tumbling down what does that mean for the rest of the world or better yet in what is already a trying year for the markets what does China’s economic collapse mean for you and your financial interests this is the video I made a few months ago detailing just how bad China’s economic situation was then I highly recommend you check it out to get a comprehensive picture but here’s a quick recap cap on the matter multiple pillars of China’s economy are all crumbling at the same time and this is having an exhausting effect on the economy with GDP projections continually shrinking and severe outrage at home it’s hard to see a way out for the Asian giant since I made that video several of these issues have grown in magnitude and not just that but new problems have Arisen for China problems that have far reaching effects with the potential to affect your finances in America and Investments all over the globe in general let’s take a look at these factors covering China is always a risky move on YouTube especially when it comes to showing protests my last two videos were demonetized because YouTube deemed it controversial on top of that the CCP is notorious for sending its Bots to dislike any videos that are critical of China fortunately you guys have shown insane Support over my last two videos so I have the same request again if you guys can just scroll down real quick and hit that like button it helps me out tremendously China’s in chaos right now apparently in terms of slowing economic growth the entire real estate market in China is a disaster waiting to happen to China now where home buyers furious at the delayed completion of their properties that they’re already paying for have taken things into their own hands imagine a first world country getting to a point where real estate development companies are becoming so desperate that they Institute a barter trade system to sell homes this is the case with a few real estate developers in the Eastern provinces of China to stimulate sales of properties in the face of what is predicted to be a 25% decline in property sales the developers are now accepting payments in watermelon garlic and sometimes even peaches yeah you heard me right down payments for apartments and houses can now be made with produce this if nothing else summarizes the desperation that is China’s economic situation you see China’s real estate market is in a slump that was kicked off last year by everg Grand’s debt default over indebted developers have since been rained in through the redline policies which have tightened leverage requirements but this hasn’t really solved the entire problem problem since ever Grand other property developers including shinuo and sunak China Holdings have also missed debt repayment deadlines this sign of overbearing debt is now threatening to topple down the industry which is responsible for almost 30% of China’s entire GDP H imagine that to shore up the sector Regulators recently reduced the loan Market quoted rate in addition local governments have been advised to Implement their real estate policies according to their needs for example some local governments such as Shanghai have reduced purchase restrictions on home buyers both Tier 1 cities such as Beijing and Shanghai and tier 2 cities such as sujo and chongu have lowered mortgage rates these local government policies have frequently been used to boost or dampen real estate activity although these measures will ease some major indicators such as property sales and prices these rules do not necessarily resolve the issues faced by over indebted developers they’re just throwing buckets of water onto a wildfire many developers are struggling to repay their debts Amid covid-19 lockdowns and dwindling demand these measures also fail to address the underlying issues behind excessive property development that is why the real estate sector in China keeps getting worse with new developments making things more unbearable the crisis that began with ever real estate defaulting last year is now snowballing into a bigger crisis you know one by one we have seen these pillars of China’s property cycle crumble not only are home buyers refusing to pay their mortgages developers bonds are plummeting after the everg grand fear slipped into the market along with the troubles that developers are facing due to too much debt angry home buyers have begun threatening to stop their mortgage payments on unfinished projects this movement which gained traction on social media is now developing quite the following enough for Beijing to take notice of it in China more than 85% of Chinese houses are sold through pre-sale up from about 50% in 2005 mortgages begin months or even years before buildings are finished however as projects have slowed since 2020 due to the covid pandemic along with liquidity issues that have soon followed it seems that developers won’t be able to on honor their agreements and thus the mobs are amassing as homeowners continue to refuse to pay mortgages for unfinished projects the movement keeps growing larger with what was once a list that started with just 30 projects growing to more than 300 at present the danger in this lies in that the movement against the pre-sale system puts as much as 350 billion doll in payments at risk if all these people default you can expect a scenario that is far worse than the everg grand crisis to arise Chinese authorities are aware of this Wildfire danger and have already moved to censor it in a bid to prevent Havoc but the movement is gaining traction very quickly as it feeds on itself in a circle as developers cash flow dries up even more projects are being suspended which then validates the worries and leaves more consumers angry and fearful that they may never be finished the longer this cycle goes on the more troubl China’s real estate market gets into now think of this if property in general makes up 30% of China’s GDP how catastrophic will the damage be if the people start defaulting on payments China’s foreign policy has taken an aggressive turn this year it says its military will not sit idly by if Washington’s number three official visits the island China is the bank Africa is the customer and foreign minister wongi is the caller he matter one is one of the only major governments that has yet to condemn Russia for its invasion of Ukraine since it started earlier this year China’s tacit support for Russia’s invasion of Ukraine has only fueled speculation over beijing’s intentions with Taiwan raising questions about how the world might react should China launch an attack this kind of speculation and being on edge has not been good for the Chinese economy as its Partners do not have full faith in China’s policy particularly towards Taiwan for a country that is big on trade this does not bode well China’s plan to invade Taiwan and reassert its dominance over the island nation has never been a secret China wants to assimilate the nation into the mainland rhetoric that sounds dangerously close to Putin’s propaganda with Ukraine even though a full invasion is yet to happen there is a constant threat of its possibility and this alone keeps not just Taiwan but the rest of the world on its toes this is a problem because Taiwan has fostered relations with some of the biggest economies in the world not least among them is the United States China’s authoritarian turn under leader xiin ping and plummeting relations with Washington have pulled Taiwan closer to the arms of the USA this has infuriated Beijing spurring it to unleash more pressure on Taiwan and sending diplomatic relations on a downward spiral this situation has become so dangerously delicate that the quad Summit in Tokyo that was held at the end of May United States President Joe Biden suggested that any attempt by China to invade Taiwan will result in American military action coming from the mouth of the leader of the Free World that is quite the threat it serves to emphasize just how badly China’s policy is antagonizing its trade Partners the effects of which reflect on China economically the last time the US and China tussled under the Trump Administration there were a lot of economic restrictions and sanctions that heavily slowed down economic growth this is something that China simply can’t afford right now given the fact that it’s already in a precarious position the US is not the only trade partner that China’s foreign policy is antagonizing either other nations like the United Kingdom are also included there hence increasing the list of potential retaliatory forces at the G7 Summit in Madrid the UK’s foreign secretary Liz truss recently warned China saying I do think that with China extending its influence through economic coercion and building a capable military there is a real risk that they draw the wrong idea which results in a catastrophic miscalculation such as invading Taiwan and that is exactly what we saw in the case of Ukraine a strategic miscalculation by Putin using Taiwan as an example truss argued that NATO needed to have a Global Perspective that included democracies outside of its membership to protect the Pacific she said we need to anticipate dangers in the Indo Pacific working with friends like Japan and Australia we must ensure that democracies like Taiwan can defend themselves we must ensure the self-defense of democracies like Taiwan these are all strong words from powerful Nations for a nation like China to suffer internal economic complications and external economic hostility simultaneously will be a blow if their aggressive policies continue China’s economic collapse will be accelerated well at a pretty alarming rate if President Biden’s words are to be taken at face value military action involving the United States is bound to drag the global economy with it this is definitely something that will affect your Financial plans without a doubt and all that heavily weighs on China’s actions [Applause] [Applause] adding fuel to the China economic fire are the small local banks in the Hanan region of China as I’ve already discussed extensively in my previous videos Chinese banks are in a delicate position citizens are starting to lose trust in the banking infrastructure and the ccp’s ability to protect them from a scam you see China is unique in a sense that it has a lot of people so even though a small percent of its population live in rural areas it still amounts to hundreds of millions of people to serve these sectors of the population China has over 4,000 independent banks in rural areas one of the big problems with having such a fragmented banking system is that these banks are highly susceptible to to bankruptcy if anything goes wrong in order to fight for survival rural banks will try to skirt banking laws by accepting deposits online by offering relatively High interest rates when compared to big Banks High rates worked and Bank deposits grew at an exponential rate the only problem here is that these Banks were lying to their customers customers were led to believe that they were getting a 4% interest rate from a regular savings account not bad but in real reality they were depositing their money in investment products big difference here is that money in savings accounts is safe and guaranteed by the CCP in case a bank goes down while money in investment products carry risk and is in no way guaranteed by the CCP in the event of a bank run on top of all this lying these four Banks were not acting in accordance with how a bank should act they were letting one of their investors have full access to depositor money and the investing company had complete Reign Over how to use that money so the worst happened and one of the chairman of the investing company ran away with $6 billion of depositors money depositors only caught on to this because when they went to withdraw their money the banks would just give them the runaround this seemed extremely fishy so some depositors traveled across provinces to go to the bank’s office only to find out that their money was n there this is when they organized their protests to bring attention to the incompetence of regulators how can banking officials let Banks get away with false advertising how is there no oversight over how banks are using depositors funds where did our $6 billion go as the protest picked up steam the risk of Bank runs spread all over China more news that is also coming out of this situation is that this might not be unique to these four Banks this could be the norm in most rural banks in China when you couple this with the mortgage boycotts that we discussed earlier China’s banks are very close to a liquidity crisis if trust between the citizens and the banks is not restored soon it could push China’s financial sector down a dangerous spiral I hope you guys found this news useful if you disagree with YouTube’s judgment about considering these videos controversial please hit that like button below it will help my videos reach more people and let YouTube know that they might be wrong about demonetizing videos about China and since YouTube has been demonetizing our videos we’ve launched membership and a patreon where you can watch these videos uncensored and support the channel lastly if you want to learn more details about China’s banking issues you can watch the video Here China is crumbling protests are spreading against the banks people are getting sick of the government’s incompetence the CCP is so afraid that it has brought out tanks to maintain stability 2022 is not being kind to the Chinese economy we are just halfway through the year but the Chinese economy is already burning and crashing on various levels what once seemed to be a composed country with everything in order is beginning to show its vulnerabilities as nothing more than a crumbling House of Cards a nation built on pillars of sand initial GDP growth projections for the nation have been revised to 4.3% in 2022 almost 1% less than the last projections from December the question becomes as the world’s second largest economy the largest by some measures starts tumbling down what does that mean for the rest of the world or better yet in what is already a trying year for the markets what does China’s econ iic collapse mean for you and your financial interests this is the video I made a few months ago detailing just how bad China’s economic situation was then I highly recommend you check it out to get a comprehensive picture but here’s a quick recap on the matter multiple pillars of China’s economy are all crumbling at the same time and this is having an exhausting effect on the economy with GDP projections continually shrinking in severe outrage at home it’s hard to see a way out for the Asian giant since I made that video several of these issues have grown in magnitude and not just that but new problems have Arisen for China problems that have far-reaching effects with the potential to affect your finances in America and Investments all over the globe in general let’s take a look at these factors covering China is always risky on YouTube especially when it comes to protests I’m never really sure which video is going to make the YouTube algorithm unhappy and suppress the reach of the video so if you guys can please take a quick second hit that like button it would mean the world to me it tells YouTube that the audience is enjoying the videos and they won’t suppress my videos reach hopefully quite as much China’s in chaos right now apparently in terms of slowing economic growth the entire real estate market in China is a disaster waiting to happen to China now where home buyers furious at the delayed completion of their properties that they’re already paying for have taken things into their own hands imagine a first world country getting to a point where real estate development companies are becoming so desperate that they Institute a barter trade system to sell homes this is the case with a few real estate developers in the Eastern provinces of China to stimulate sales of properties in the face of what is predicted to be a 25% decline in property sales the developers are now accepting payments in watermelon garlic and sometimes even peaches yeah you heard me right down payments for apartments and houses can now be made with produce this if nothing else summarizes the desperation that is China’s economic situation you see China’s real estate market is in a slump that was kicked off last year by ever Grand’s debt default over over indebted developers have since been reigned in through the red line policies which have tightened leverage requirements but this hasn’t really solved the entire problem since evergrand other property developers including shinuo and sunak China Holdings have also missed debt repayment deadlines this sign of overbearing debt is now threatening to topple down the industry which is responsible for almost 30% of China’s entire GDP H imagine that to shore up the sector Regulators recently reduced the loan Market quoted rate in addition local governments have been advised to implement their real estate policies according to their needs for example some local governments such as shanhai have reduced purchase restrictions on home buyers both Tier 1 cities such as Beijing and Shanghai and tier 2 cities such as sujo and chunchu have lowered mortgage rates these local government policies have frequently been used to boost or dampen real estate activity although these measures will ease some major indicators such as property sales and prices these rules do not necessarily resolve the issues faced by overend developers they’re just throwing buckets of water onto a wildfire many developers are struggling to repay their debts Amid covid-19 lockdowns and dwindling demand these measures also fail to address the underlying issues behind excessive property development that is why the real estate sector in China keeps getting worse with new developments making things more unbearable after the everg grand fear slipped into the market along with the troubles that developers are facing due to too much debt angry home buyers have begun threatening to stop their mortgage payments on unfinished projects this movement which gained traction on social media is now developing quite the following enough for Beijing to take notice of it in China more than 85% of Chinese houses are sold through pre-sale up from about 50% in 2005 mortgages begin months or even years before buildings are finished however as projects have slowed since 2020 due to the covid pandemic along with liquidity issues that have soon followed it seems that developers won’t be able to honor their agreements and thus the mobs are amassing as homeowners continue to refuse to pay mortgages for unfinished product projects the movement keeps growing larger with what was once a list that started with just 30 projects growing to more than 300 at present the danger in this lies in that the movement against the pre-sale system puts as much as 350 billion doll in payments at risk if all these people default you can expect a scenario that is far worse than the ever Grand crisis to arise Chinese authorities are aware of this wildfire danger and have already moved to censor it in a bid to prevent Havoc but the movement is gaining traction very quickly as it feeds on itself in a circle as developers cash flow dries up even more projects are being suspended which then validates the worries and leaves more consumers angry and fearful that they may never be finished the longer this cycle goes on the more troubled China’s real estate market gets into now think of this if property in general makes up 30% of China’s GDP P how catastrophic will the damage be if the people start defaulting on payments and if the everg grand crisis was enough to have effects that even affected American markets what kind of potential does this Chinese crisis have in affecting your financial investments that is definitely something to chew on as we head into the next Point China’s foreign policy has taken an aggressive turn this year it says it’s milit will not sit idly by if Washington’s number three official visits the island China is the bank Africa is the customer and foreign minister wongi is the caller he one is one of the only major governments that has yet to condemn Russia for its invasion of Ukraine since it started earlier this year China’s tcid support for Russia’s invasion of Ukraine has only fueled speculation over beijing’s intentions with Taiwan raising questions about how the world might react should China launch an attack this kind of speculation and being on edge has not been good for the Chinese economy as its Partners do not have full faith in China’s policy particularly towards Taiwan for a country that is big on trade this does not boode well China’s plan to invade Taiwan and reassert its dominance over the island nation has never been a secret China wants to assimilate the nation into the mainland rhetoric that sounds dangerously close to Putin’s propaganda with Ukraine even though a full invasion is yet to happen there is a constant threat of its possibility and this alone keeps not just Taiwan but the rest of the world on its toes this is a problem because Taiwan has fostered relations with some of the biggest economies in the world not least among them is the United States China’s authoritarian turn under leader xiin ping and plummeting relations with Washington have pulled Taiwan closer to the arms of the USA this has infuriated Beijing spurring it to unleash more pressure on Taiwan and sending diplomatic relations on a downward spiral this situation has become so dangerously delicate that the quad Summit in Tokyo that was held at the end of May United States President Joe Brandon Biden suggested that any attempt by China to invade Taiwan will result in American military action coming from the mouth of the leader of the Free World that is quite the threat it’s it serves to emphasize just how badly China’s policy is antagonizing its trade Partners the effects of which reflect on China economically the last time the US and China tussled under the Trump Administration there were a lot of economic restrictions and sanctions that heavily slow down economic growth this is something that China simply can’t afford right now given the fact that it’s already in a precarious position the US is not the only trade partner that China’s foreign policy antagonizing either other nations like the United Kingdom are also included there hence increasing the list of potential retaliatory forces at the G7 Summit in Madrid the UK’s foreign secretary Liz truss recently warned China saying I do think that with China extending its influence through economic coercion and building a capable military there is a real risk that they draw the wrong idea which results in a catastrophic miscalculation such as invading Taiwan and that is exactly what we saw in the case of Ukraine a strategic miscalculation by Putin using Taiwan as an example truss argued that NATO needed to have a Global Perspective that included democracies outside of its membership to protect the Pacific she said we need to anticipate dangers in the indopacific working with friends like Japan and Australia we must ensure that democracy I like Taiwan can defend themselves we must ensure the self-defense of democracies like Taiwan these are all strong words from powerful Nations for a nation like China to suffer internal economic complications and external economic hostility simultaneously will be a blow if their aggressive policies continue China’s economic collapse will be accelerated well at a pretty alarming rate if President Biden’s word are to be taken at face value military action involving the United States is bound to drag the global economy with it this is definitely something that will affect your financial plans without a doubt and all that heavily weighs on China’s actions [Applause] adding fuel to the China economic fire are the small local banks in the Hanan region of China as I’ve already discussed extensively in my previous videos Chinese banks are in a delicate position citizens are starting to lose trust in the banking infrastructure and the ccp’s ability to protect them from a scam you see China is unique in a sense that it has a lot of people so even though a small percent of its population live in rural areas it still amounts to hundreds of millions of people to serve these sectors of the population China has over 4,000 independent banks in rural areas one of the big problems with having such a fragmented banking system is that these banks are highly susceptible to bankruptcy if anything goes wrong in order to fight for survival rural banks will try to skirt banking laws by accepting deposits online by offering relatively High interest rates when compared to big Banks High rates worked and Bank deposits grew in an exponential rate the only problem here is that these Banks were lying to their customers customers were led to believe that they were getting a 4% interest rate from a regular savings account not bad but in reality they were depositing their money in investment products big difference here is that money in savings accounts is safe and guaranteed by the CCP in case a bank goes down while money in investment products carry risk and is in no way guaranteed by the CCP in the event of a bank run on top of all this lying these four Banks were not acting in accordance with how a bank should act they were letting one of their investors have full access to depositor money and the investing company had complete Reign Over how to use that money so the worst happened and one of the the chairman of the investing company ran away with $6 billion of depositors money depositors only caught on to this because when they went to withdraw their money the banks would just give them the runaround this seemed extremely fishy so some depositors traveled across provinces to go to the bank’s office only to find out that their money wasn’t there this is when they organized their protest to bring attention to the incompetence of regulators how can banking officials let Banks get away with false advertising how is there no oversight over how banks are using depositors funds where did our 6 billion doll go as the protest picked up steam the risk of Bank runs spread all over China more news that is also coming out of this situation is that this might not be unique to these four Banks this could be the norm in most rural banks in China when you couple this with the mortgage boycotts that we discussed earlier China’s banks are very close to a liquidity crisis if trust between the citizens and the banks is not restored soon it could push China’s financial sector down a dangerous spiral if you want to learn more details about China’s banking issues you can watch the video here and please remember to hit that like button as that helps me out so much in terms of the algorithm and makes it possible to keep producing videos like this thank you for watching China has had a lot of protests in 2022 first it was the protest against [Applause] everr then we had the bank protests in Hanan against the four banks that stole billions from their [Applause] customers then that boiled into a mortgage protest against all the developers and Banks across the country things got so out of hand that the CCP had to send in undercover cops to arrest the protesters then we had the bridge protest against xingping right before she was supposed to get an unprecedented third term one of the banners reads this Christine then there was a big protest in Apple’s foxcon facility where protesters fought with law enforcement officers and then to end the year we had waves of protests all over China against the ccp’s zero covid policies during these protests the public directly called for xiin Ping to step down now that’s a lot of protests especially for China if you scroll through the Wikipedia page about protests in China you can see that they are few and far between so to have so many in just one single year is most definitely peculiar does this mean the end of the secret deal that the CCP made with the Chinese public after the tenan Square massacre in this video let’s go over why China had so many protests in 2022 and what it means for the ccp’s future I apologize in advance for blurring a lot of the footage in this video YouTube is not really a fan of channels that cover the CCP and the protests against China in the past I have had many of my videos demonetized and age restricted because YouTube was unhappy with the topics I was covering that’s why I recently launched a patreon reviewers can support my videos directly and watch uncensored videos as well if you’re able to I highly recommend you check out the link in the description even if you can’t support me on patreon that’s perfectly fine all I ask is that you hit that like button because even a small like can help this video out tremendously China’s top real estate developer ever Grand is reeling under a financial crunch hundreds of protest over Frozen Bank deposits turned violent in China where economic woses have pushed people to the streets homeowners who are threatening to stop paying their mortgages until developers clear construction delays and hand over the homes they bought go on strike remov the dictator and National traitor shiin pink protests at the main foxcon Factory in China people wielding sticks smashing surveillance cameras and demanding an end to covid lockdowns and daring to openly call for the resignation of Chinese leader xiin ping most of these protests were started for different reasons but all of them had one thing in common but before I get into that let’s quickly go over the reason behind these protests I’ve covered most of these in detail on the channel already so I’m going to quickly give you guys the the spark notes version the first one the evergrand protest started because evergrand was facing bankruptcy and Chinese citizens had paid the company their life savings for apartments that were still not built so people started protesting to either get their apartments or get their money back just a little while after this another news story broke that sent shock waves throughout China’s Financial system Regional banks in Hanan had stolen billions in deposits from their customers many customers had their life savings in these high interest rate products that Banks offered and because of poor oversite by Regulators Bank officials were able to access these funds and run away with them this actually leads us into the third set of protests the mortgage protests following the evergr news many other Chinese developers also showed signs of bankruptcy because China’s whole real estate market was overleveraged at this point many citizens already kind of knew that they weren’t going to get their Apartments but they were still forced to pay the mortgage payments to the banks this is when citizens around the country started protesting against the banks and stopped paying their mortgage payments this was actually a huge crisis for China’s banking sector because if there was any risk of banks going under at a national scale the whole economy would crumble in no time but fortunately for Chinese citizens that didn’t happen but the protest didn’t stop there slowly people we’re getting sick of XI jinping’s zero covid restrictions just 2 days before the ccp’s 20th National Congress where xiin ping was getting his third term some people put up posters on a bridge these posters read we don’t want nucleic acid testing we want food to eat we don’t want lockdowns we want freedom we don’t want Lies We want dignity we don’t want cultural revolution we want reform we don’t want dictatorial leaders we want elections we don’t want to be slaves we want to be citizens the second one called for the removal of xiin ping which is extremely rare go on strike at school and work remove dictator and National traitor xiin ping arise ye who refuse to be slaves oppose dictatorship oppose authoritarianism save China with one person one vote to elect the president wow there was a similar message playing on repeat on the loudspeakers I want to eat I want to be free I want to vote go on strike at school and work remove the treasonous dictator Xi Jinping even though authorities never made any public announcements about who did this the person behind these banners was quickly nicknamed bridg man similar to the tankman from the tinan square protests this message spread like wildfire across Chinese social media and the CCP had to increase security as the 20th National Congress approached CCP sensors were able to kill the images of the bridg man protests but the government wasn’t out of the woods yet talking about sensors just a quick reminder to drop a like on this video it really does help me out a lot the Chinese public was still very unsatisfied with the zero covid restrictions and a fire in urumchi was the straw that broke the camels back after 110 people died because of the ccp’s insane Co restrictions citizens around the country took to the street to call for the removal of XI jingping Traders demanding an end to covid lockdowns the spark for the protest a deadly apartment fire and a block of flats killed 10 people anger is rising and tragedies are mounting the biggest protest in China since at least the 1990s they want him to pay for his mistakes in handling covid-19 the people of China want Xi Jinping to step down now this is when the CCP was actually forced to back down protests got so bad that the government gave in to many of their demands zero Co restrictions were relaxed across the country and people were slowly getting back to normal life just a couple of weeks ago this seemed like an impossible policy shift now restrictions are pretty barebone and China has had a huge surge in positive covid cases so big that the government stopped reporting the numbers to the public but estimates go up as high as 250 Mill million positive cases let’s come back to this a little later in the video if you remember from earlier I said all these protests had one thing in common so let’s get to that most of these protests started for different reasons but at the end of the day the public was showing their frustration at the government through these protests for example with the ever Grand and mortgage protests the public was furious at how CCP Regulators would let these developers borrow so much money without even starting construction in the case of Bank protest in Hanan the public was upset at government officials colluding with bank officials to misuse customer deposits and it was the same case in the zero covid protests the fire in the building was caused by something unrelated but people died because they couldn’t leave the building due to the ccp’s zero covid quarantine restrictions all this shows that the Chinese public is now not afraid to speak out against the CCP in fact the recent zero Co protests were the biggest challenged to the ccp’s rules since the tenan square protests and we all know what happened there but something that a lot of people don’t know is The Unofficial deal the CCP made with the Chinese public after the ten Square massacre Deng shaing and his two handpicked successors Xiang zamin and hu jenta made an unofficial Grand bargain with the Chinese people the CCP would provide rapid growth in living standards and the Chinese people wouldn’t question the ccp’s rule and would tolerate the continued lack of many personal freedoms authoritarianism for growth for two decades both sides held up their end of the bargain and now that China’s growth is slowing down could this mean the end of the CCP while the rest of the world returned to normal in 2021 and 2022 the ccp’s zero Co policies meant that there was little to no economic growth in China’s economy according to the World Bank China’s economy is only expected to grow 2.7% in 2022 well below the ccp’s target of 5% foreign investors are still afraid of going back to China and companies like apple who had their main manufacturing operations in China are now planning on moving those operations out of China with covid cases rising and an unseen rate in China it’s very hard to see an economic recovery in 2023 and if the CCP isn’t able to give people what they promised will this mean the end of the Communist Regime covid-19 new covid-19 infections Co cases covid-19 loged on nothing has rocked the world harder in the past half century than the co pandemic This Global catastrophe has been poison in more ways than one and now that poison is choking China you see the People’s Republic of China is in a most unfavorable position I to say the least on one hand is the need to protect its citizens by implementing a zero covid policy a policy that on its own has been the topic of many conversations on the other hand is the need to protect its economic functions a desire whose execution contradicts the initial point so how has China been doing so far the short answer is badly the elaborate answer well stick around and find out today I will dive into what the effects that the zero covid policy has had not only on China but the world as a whole let’s get into it in one of the world’s richest cities residents scream give us food last week they were so hungry they ransacked grocery stores in his apartment complex a woman screams we are starving to death but police and hazmat suits enforce the rules by any means necessary they take a woman who didn’t want to test and separate her from her husband just yesterday a man tried to hide on his balcony no match for authorities imposing when the world strictest lockdown before we delve into the problems that this policy has brought let’s talk about it first what is the zero Co policy in the first first place well China’s zero covid policy attempts to prevent any Community spread of the Corona virus to achieve this goal the country has enacted some Draconian measures implementing a strategy of using strict targeted lockdowns and mass testing entire neighborhoods have been sealed off across the country in Shanghai the government had put in place a lockdown lasting weeks in response to a massive outbreak that had been ongoing since March officials barred the city’s 25 million residents from leaving their homes for any reason other than medical emergencies the authorities had kept them in lockdown for weeks and only allowed them to go outside in early May after no cases had been reported outside the strictest quarantine zones for 2 days in a row most recently shanghai’s launched a new push to end infections outside quarantine zones by late May in Beijing while there has been no official announcement some residents received notices over the weekend informing them they were no longer able to leave their homes or receive deliveries as part of the effort to drive Community infections down to zero the reality of the situation is that China was Ill prepared for a pandemic like covid from the start so when it came along China’s government had little choice but to adopt a wartime model shutting down the city and mobilizing additional resources on an emergency basis this desperate zeroo policy is an extension of that reaction the Chinese lockdowns include several restrictions that not only affect the country economically which is something we will discuss in a few minutes but the restrictions also affect the social aspect of the city and people’s lives as part of the lockdown measures and the zero covid policy businesses and schools have been closed until local authorities announc there are no infections in a particular City’s active population other elements that remain in place are that travel to and from China are strictly limited internal movements on the other hand are entirely restricted as in other places travelers from abroad with permission to enter China are screened and sent to government designated hotels for a mandatory quarantine of at least 2 weeks followed by a further period of monitoring regular Community testing programs are carried out and if infections are detected residents can be evicted and sent to quarantine facilities this is cause some uproar and we will discuss it momentarily most quarantine facilities look like this yeah I I didn’t think you’d want to be there either to add to this all non-essential businesses have been shut down plus all public transport suspended basically it’s a disastrous situation that brings a plethora of problems what problems you may ask well let’s dive into them in Shanghai China the world’s third largest city remains in lockdown 25 million residents ordered confined to their homes they’re using bicycle and padlocks just to keep people in CNN’s David Culver says government workers sealed his front door to prevent him from leaving just just clarify you’re shut in there’s like a paper barrier keeping you from exiting going to to the food market I can’t go outside that door there’s a seal if I do physically I could do it but I would break the seal and there’s repercussions for that the Draconian measures are enforced by men in white hazmat suits known as Big whites some citizens in the authoritarian Nation are losing it defying the lockdown by screaming from their apartment Windows into the [Applause] night it’s straight out of a dystopian sci-fi movie some people are yelling out we’re starving American Chenise Brahim who lives in Shanghai hasn’t been outside her apartment in 12 days I did a poll with I don’t I don’t know the number of people but I feel like it was enough um how many people are probably going to leave China after this or if they just moved to a different city and I think the last time I checked it was like 80% of people said that they’re going to leave another American Cameron Johnson tells inside addition his neighbors have improvised a barter system you trade carrots for bread mix or uh the other day we traded uh a few of the dumplings that we had made to somebody for some school supplies for the kids to achieve China’s zero covid policy goal families have been separated after testing positive for covid at the same time essential medical treatment has been delayed fueling public anger there has been seething resentment at the perceived bungling of virus controls mixed messaging and heavy-handedness of Shanghai officials officials reportedly swept people with negative covid tests into State quarantine and demanded keys to their homes for disinfection many legal experts have denounced these actions as unlawful in addition buildings have been locked off and sealed to prevent people from leaving this has caused several problems like fire hazards and basic protests as people starve within their houses in cities like Shanghai residents are finding ways of protesting however they can including shouting from Windows and screaming at night from apartment buildings one of the major problems created by the zero covid policy is a social one and that is the suppression of voices and the elimination of individual writes in favor of what the state says let’s take a look at the second one China’s export growth slowed in April to its weakest level since June 2020 as the effect of beijing’s stringent covid-19 rules took its toll on its trade Imports were stagnant for April showing almost no growth amid restricted domestic demand for emphasis not even a single car was sold in Shanghai in all of April according to the Shanghai automobile sales Association ation imagine that this zero covid policy has seen factories shut across Shanghai as well as major shipping delays at the city’s ports several analysts have warned that the trade figures will continue to worsen underlining the extent of the problems lockdowns have rought the impact of the lockdowns isn’t just domestic but International as well several European firms operating in China reported reduced business confidence over China’s strict lockdowns and supply chain disruptions China’s Central Bank cut a key interest rate while keeping another unchanged an unexpected policy shift that economists said would likely help the country’s morbent housing market but bring only limited relief to its struggling economy the reality of the situation is that economic growth is crumbling the latest official data showed retail sales in April down 11.1% from a year earlier while industrial production tumbled 2.9% economists at Standard Chartered were among those who trimmed their forecast for Chinese growth in response to the weak April data they expect the economy to expand by 4.1% this year from 5% previously however if the policy persists every extra month of lockdown similar to April’s would shave .5 to. 6% points off FYE growth lockdowns in Shanghai following the same in China’s tech center Shenzhen have sent World Supply chains into a tail spin due to labor shortages and shipping Logistics and factory work despite a relatively low number of cases several Chinese cities have enacted strict covid-19 restrictions in response to increased infections over recent weeks authorities have imposed restrictions in shenin dong Kuan Chang Chun and Shanghai all major manufacturing hubs additionally Shanghai and shenz Xin are the world’s largest and third largest ports while measures have been lifted in some cities their effects are still felt from the backlog of Freight and continued localized lockdowns as case numbers rise Nationwide leaders continue to enact new measures in more cities let’s take a look at some of the economically impacted areas the after effects of heightened covid-19 restrictions in shinshin and Shanghai are likely to be felt in their ports for weeks if not months to come Shenzhen is experiencing the largest queue of vessels since typhoon kassu in October 2021 and the number of vessels queuing Shanghai is steadily increasing ports further a field are also likely to be affected as shipping companies alter schedules to avoid these two ports Chinese authorities in Shenzhen did not specifically exempt Port workers from lockdowns but Port facilities remained open because prior directives allowed workers to live and work on site albeit with a strict testing regimen in place regardless the closure of Warehouse facilities and restrictions on truck drivers operating in the city has caused a significant backlog log at the already busy port in short money is being lost shenshen authorities have placed strict restrictions on truck drivers from neighboring Hong Kong including extensive testing Banning them from picking up Consignments from the city and closing all but three border checkpoints to limit the spread of infections the effects of these measures which remain in place are intensified by the already low number of Hong Kong truck drivers available due to large numbers of positive covid-19 tests with the sector working at an estimated 30% capacity for such an important sector this is way too low after attempting to control case numbers through localized lockdowns and movement restrictions authorities in Shanghai enacted the largest lockdown in the city since the pandemic began officials have ordered factories to close and suspended public transportation while Supply chains are yet to feel the repercussions of the lockdown there will likely be significant implications due to the global importance of the City’s Port Network and its manufacturing and financial Industries if the truck drivers on the ground are facing problems due to covid you best believe that those in the sky are facing just as many issues as well strict covid-19 restrictions governing movement to and from Chinese cities have predictably affected Air Freight as Airlines reduce the frequency of flights due to a decline in demand authorities have rerouted International passenger flights Bound for Shanghai to other cities with at least six flights scheduled to be diverted other airports such as Shenyang tsan International have announced the cancellation of domestic and international flights in line with local policy while these measures certainly limit the capacity of Air Freight operations for the most part cargo only flights are permitted to continue operating restrictions on ground staff complicating operations and cargo flow to and from airports have worsened disruptions the most significant limitations to operations are access to groundbased Logistics in cities affected by restrictions and the willingness of Air Freight companies to operate under such restrictions increased cases in Hong Kong prompted authorities to lift testing and quarantine exemptions for air crew resulting in Airlines such as Cafe Pacific canceling hundreds of flights including cargo flights while representatives from 11 Airlines wrote a joint letter denouncing the measures which are not in line with mainland China other Air Cargo companies such as Virgin Atlantic have posted poned resuming operations until summer just thinking of the missed Financial opportunities makes my head hurt but we’re not done just yet even more economic disruption has occurred in addition to complicating Logistics covid-19 restrictions have affected factory production particularly in the electronic and car manufacturing Industries foxcon one of the world’s largest electronics makers and responsible for assembling iPhones ceased operations for the duration of shenzhen’s live lockdown they resumed on March 21st but production is likely to remain well below normal due to continued logistical issues with required raw materials and components remaining difficult to source and most of the world’s Electronics originating in Shenzhen the supply of global consumer electronics is likely to be significantly affected over the near to medium term similarly despite production of semiconductors reportedly continuing relatively unhindered in shanghai’s xien xang high-tech Park deliveries from the factories have been delayed due to quarantine requirements affecting Downstream Industries and likely resulting in a short-term Global shortage of semiconductors disruptions have also been reported in the automotive industry with faw group halting production at five assembly lines in chun chun following a lockdown in the city on March 11th the closure has affected the production of Volkswagen group and Toyota vehicles and it remains unclear whether production has resumed byd Auto an import supplier of electric vehicle batteries and electric car manufacturer also reportedly experienced production issues it seems no one is being spared from The Chopping Block continued supply chain disruptions are likely in China over the near term Chinese authorities do not appear to be wavering from their zero covid policy with new city-wide lockdown restrictions being announced in Shenyang and Xin should this policy remain in effect Port congestion is almost certain to worsen delaying shipments limiting capacity affecting factory production and resulting in higher shipping rates continued supply chain disruption in China will also have a global effect as cargo delays in China disrupt container Port schedules worldwide as the more infectious but apparently less lethal Omron variant propagates through the country Chinese authorities have yet to change strategy and shift away from a zero covid policy however even in the case of a strategy change supply chain disruptions at Chinese ports and to a lesser extent Chinese airports will likely remain over the near term the main reason that China has not back down from the zero covid policy is because of well political reasons you see Chinese president xiin ping is staking his political future on the success of an unusually strict zeroc Co policy this comes as he prepares for an unprecedented third term reappointment this year to the Communist party’s leadership position the Congress is to be held in the the second half of 2022 if the party gives him a third term he would stay in power until at least 2027 despite the World Health Organization calling zero covid unsustainable she is pushing through with the world in disarray she has invested significant political capital in zero covid which is portrayed as a shining example of how the Communist Party delivers good governance to the Chinese people ultimately the question is this has the zero covid policy been a success or or a failure the Chinese president will spend the rest of 2022 doing everything possible to prove that zero Co works this will be done for political reasons China is not a democracy and dissent is not tolerated but public opinion nevertheless matters Gadson wrote she is in a tough spot as the spread of the Omron variant strains efforts to maintain the zero Co policy however regarding how hard the economy will be hit and how the negative sentiments will Brew is a matter of time at present what’s clear is that this system is not working as expected whether it will remain in place is yet to be seen

Truly Right View: Advocating for Free Speech in the Age of Political Censorship

Introduction: What is Free Speech Today?

In a world where political discourse is dominated by big tech, cable news, and social media influencers, free speech is constantly under threat. From censorship of conservative viewpoints to the silencing of dissent on controversial issues, we are witnessing an alarming trend of restrictions on the most fundamental rights of any citizen in our Constitutional Republic: the right to speak freely.

But what does free speech truly mean in today’s context? Are we protecting it, or are we allowing authoritarian ideologies like socialism, communism, fascism, and dictatorships to erode it?

The Constitutional Perspective: Why Free Speech is Non-Negotiable

The First Amendment of the United States Constitution is crystal clear: “Congress shall make no law… abridging the freedom of speech.” The Founding Fathers understood the importance of free speech in preserving a free society. Without it, the ability to challenge government, expose corruption, and advocate for truth would be crushed.

Yet today, under the guise of protecting people from “misinformation” and “hate speech,” powerful institutions are curbing our ability to express ideas that do not conform to their narratives.

Do we not see this as a slippery slope toward authoritarianism?

Shouldn’t we, as citizens, be the ones who decide what we can or cannot hear, not a centralized body or corporation?

Social Media and Cable News: Platforms or Gatekeepers?

Social media was once hailed as the bastion of free speech. It allowed ordinary individuals to share their thoughts, advocate for causes, and hold the powerful accountable. However, over the years, major platforms like Twitter (now X), Facebook, and YouTube have become gatekeepers rather than facilitators of free expression.

Algorithms favor certain ideologies, while alternative viewpoints—especially those with a more conservative or constitutional slant—are shadow-banned, demonetized, or outright censored.

Does this not resemble the tactics of monarchies, communistic or fascist regimes that control what their citizens can see and hear?

Shouldn’t a true democracy allow the free flow of ideas, even if those ideas challenge the status quo?

Social Media Influencers: Fighters for Freedom or Puppets of Censorship?

Many social media influencers, especially those aligned with constitutional values, have become modern-day warriors for free speech. Yet, they face intense backlash, censorship, and de-platforming for voicing opinions that challenge globalist or left-leaning narratives.

How many times have we seen influential voices banned simply for questioning government policies, election results, or health mandates?

Isn’t it concerning that only a select group of elites can decide what is “acceptable” discourse?

While some influencers fall in line with these restrictive policies, others have emerged as champions for free speech, using their platforms to resist censorship and uphold constitutional rights. The question is: Will we support these voices, or will we allow them to be drowned out by corporate and governmental censorship?

The Dangers of Socialism, Communism, and Fascism: A Threat to Free Speech

At the heart of socialism, communism, and fascism lies a common tactic—control over speech. These ideologies have historically sought to suppress dissent, limit expression, and create a monolithic narrative that favors those in power.

Look no further than authoritarian regimes past and present, where dissenters are imprisoned, media is state-controlled, and free speech is criminalized. Can we really ignore the striking similarities between these oppressive ideologies and the current state of political discourse in America?

Is the suppression of speech today not a precursor to more draconian measures tomorrow?

Should we not fight to preserve the right to freely express political, social, and economic ideas?

The Truly Right View: Defending Freedom in the Digital Age

At Truly Right View, we believe in the unwavering defense of free speech as enshrined in the U.S. Constitution. We reject the encroaching influences of socialism, communism, fascism, and any form of dictatorship that seeks to undermine this fundamental right.

Our platform is dedicated to bringing you uncensored news, analysis, and commentary from a truly constitutional perspective. We provide a space where voices that have been silenced or marginalized can be heard, and where you—the citizen—can engage in the free exchange of ideas.

Join the Fight: Sign Up for Our Channel and Newsletter

Do you value free speech?

Do you believe that the right to express your thoughts, opinions, and beliefs should never be compromised, no matter how controversial they may be?

If so, we invite you to join the fight for free speech by subscribing to the Truly Right View channel and newsletter. Stay informed on the latest developments in free speech advocacy, political commentary, and constitutional rights. Together, we can stand against the creeping influence of censorship and authoritarianism.

Why wait for others to defend your rights?

Become part of a movement that fights for the truly free society envisioned by our Founding Fathers.

Will You Speak Up or Stay Silent?

In the end, the future of free speech rests in our hands. We can either stand idly by as it is eroded by corporate and governmental overreach, or we can take action to protect and preserve it.

Will you speak up for your rights, or will you allow them to be taken away piece by piece?

The choice is yours.

Subscribe to the channel for Truly Right View today, and support our patriots shop together, let’s ensure that free speech remains the bedrock of our Constitutional Republic.