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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 379.91+0.4%Nov 11 4:00 PM EST
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To: TobagoJack who wrote (169693)3/20/2021 12:40:39 AM
From: Rarebird  Read Replies (2) of 217688
 
Did I say China was communist? I said China was totalitarian and squashes all dissent that it deems threatening. Clearly, China is going through a capitalist phase. How long that will last is anyone's guess? Only Xi knows, I suppose.

Median family income is significantly higher in the US than in Hong Kong with property values in Hong Kong at outrageous levels. $2500 USD a month to rent a decent apt in Hong Kong? With those prices I wonder what percent of the population is living on the Street or in shacks? Given the very wide discrepancy in median family income, I have my severe doubts whether a moderately middle income person can secure a loan for 1M-1.5M? Your definition of middle income sounds kind of elevated.

I think we need to define what the "greater good" is before we assign to the Chinese government a caring, compassionate nature. I would not confuse control with compassion and caring. In fact, totalitarianism tends to run polar opposite to caring for the general good - though the Perron's in Argentina proved the exception rather than the rule.

I have no doubt that the local Hong Kong government is a good, very competent government. No need to persuade me there. But China controls Hong Kong now and greater control has come over the years and more control is yet to come.

We don't have a TV so I don't get to watch Fox, CNN, etc. Plus, I have no interest in what the US media says unless it affects my bottom line.

I have heard from my customers that there were a lot of slums and poverty in Hong Kong before the China take over. Has that been fixed somewhat?
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