option is things are actually more of a potemkin village in china than we think um i have no i assume you have been reading it all about how china has invested enormously in real estate inside china they built these ghost cities people take their savings and buy an apartment they never have any intention of living in in a city that never existed before well they banned a lot of things you can do on the stock market you can't own bitcoin so if you're going to save up money you can't really own i guess you got to buy their own real estate that you're allowed to own even though that's kind of a weird in a communist country to let them own land but you know right right but that's actually it looks like that's a bit of a shell game oh yeah right and um evergrand their big one of their biggest real estate companies is in deep deep trouble doesn't look like they'll be able to pay their debts um and with that being the case a lot of people would lose their shirts um i mean if there's any group of people that need a distraction it's people who are suffering financially um and there's i don't know how bad it can get but it does actually sound like china financially may be in trouble if that's that i mean i haven't looked at it recently but i remember about a year ago reading up on it and going ooh i think this is a house of cards financial one like a NUMBER_TOKEN level way worse actually than NUMBER_TOKEN level crash that could happen there right and then what do you do well i mean the old playbook is you then distract everybody by striking outward um we sort of joke on my podcast about the fact that um you know everything comes back to world war ii but i was about to bring it up go on well uh yeah i mean i think hey i worked at the holocaust memorial museum i mean if if no you know nobody else thinks it goes back to world war ii it's going to be me uh but one of the reasons why the germans wanted to actually take over other countries laban's realm was economic they wanted to make sure that they had enough food for everybody they wanted to make sure that um you know they made money they wanted to distract everyone from the fact that everything sucked because everything did suck yeah you know all of that stuff um by pouring money into the military it really helped the overall economy all this kind of stuff so what does china do if it finds itself in that kind of depression because i think we don't understand what the depression was like the actual depression yeah in the NUMBER_TOKENs NUMBER_TOKENs into the NUMBER_TOKENs you know through the NUMBER_TOKENs i don't think we know what that's like i mean you know i my grandparents are actually almost NUMBER_TOKEN so they were kids during it and i asked them about the depression and it's like oh we all shared a toothbrush and it's easy to make that whimsical and hahaha how gross you need to share your toothbrush but it's like no think about it what if you had to share a toothbrush with NUMBER_TOKEN people what would make you do that how bad would it have been that you couldn't afford a one dollar toothbrush yeah that's that that's exactly and people starved in the united states
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