How "professional debtors" bring a hidden banking crisis in China
Vložit
- čas přidán 22. 04. 2024
- There is a troubling trend in China where people are recruited into schemes to take on debts, often as part of a larger fraudulent activity, with no intention of repaying. The term "professional debtor" refers to individuals who take out debt on behalf of others without the intention to repay it. This underground economy operates openly yet covertly through social media platforms and poses a significant threat to Chinese banks.
References:
www.epochtimes.com/gb/24/4/18...
www.usetrust.com/Information/...
www.wenxuecity.com/news/2023/...
36kr.com/p/2631287173251332
Sign up for my emails: leisrealtalk.com/
Donation: donorbox.org/support-lei-s-re...
Ideas/Suggestions: Leisrealtalk@gmail.com
#leisrealtalk #chineseyuan #economy #debts #debtors
![How to Get a Developer Job - Even in This Economy [Full Course]](http://i.ytimg.com/vi/6nz8GXjxiHg/mqdefault.jpg)
![How to Get a Developer Job – Even in This Economy [Full Course]](/img/tr.png)
![Wolfram Physics Project: Working Session Wednesday, Apr. 29, 2020 [Finding Black Hole Structures]](http://i.ytimg.com/vi/SbDzqlOLIZA/mqdefault.jpg)
Lei. You are truly an American Patriot for bringing us the truth behind the CCP. The wallpaper looks great, You look great but most importantly stay safe. I'm sure someone somewhere is trying to get you.
Unfortunately, her skin and face are not white people
So it's really embarrassing
😂😂😂😂😂😂..
I think there are a lot of Americans who would happily function as professional debtors.
Wallpaper is awesome, studio is awesome, you are awesome!
Please add more distance between you and the wall paper..
@@Anton-tf9iwForeign Firms Trapped In CCP's 'Nurture, Entrap, Kill' Tactic!
She is so disgusting to me
Certainly not ethical, but you must admit the Chinese are clever to work the system.
I'm constantly amazed. The moment a new business model or market is invented, clever Chinese are already coming up with a hustle for it.
“Working the system” or “hustle” in this context is more commonly known as theft through fraud. Yes, unethical & clever thieves, nothing more.
Thank you for your work and your lectures.
Glad to see you back and that there wasn’t any problem. Nice wallpaper!!! Welcome back!!!
You put a lot of effort into this. Detailing the professional debtor scam and concurrently pointing out the immorality of it all. In Canada, corporations often bring in debt consolidator. They tear up the company from within by providing management services for an outrageous fee. The company is in hugely deeper debt, but also driven out of business.
We called them straw buyers, back in 2006 and 07. This kind of activity was behind much of our 2009 housing crisis in USA. Love your show. Keep up the great work.
Robbing a bank by different means but if they are state owned, no one feels sorry for them.
Love the new wallpaper, it's almost abstract in it's rural depiction, genuinely beautiful 🎉
Strange, the bank is allowing them to buy the the property from owner no 1....with a loan for more than what the property is now worth. They learn that at Harvard?
From Xi Jinping' s Thoughts on finance and business in the New Era...
The bank should have gotten an appraisal on the property (collateral). If they are giving out a loan for greater than the value of the collateral they will be in trouble. They also should have verified the income and assets of the borrower. This is reminiscent of NINJA loans back in the early 2000s which caused so many issues in the Great Financial Crisis.
My thoughts exactly.
@@francisnopantses1108 so if serious research from top to bottom, validates seamlessness,and strong (pillars ) architecture the ( pillars ) of success will provide stability in the transactions for all time.( Good sound 🤩🥰🤩 bonding)
Rigged property markets with huge overvaluations, bankrupt developers, bank insider fraudsters, local governments hooked on land sales. A total snakepit and extremely difficult to solve without a huge crisis. Perhaps Xi has some thoughts on this?
If the banks can’t get paid back then what about the depositors? They lose their savings right? So, the professional debtors steal from the honest people!
i love to see you smiles, one of your smiles washes the cares from my day.
Face of an angel
Lei, good to see you back. I was starting to worry about you.
I have seen reports of this practice, but none have been as detailed or illuminating. Thank you for sharing the information.
Hi Ms Leis good day to u! & thank u for revealing many issues about China-PRC governing issues which are badly affecting all Chine people lives as a whole. We pity those poorest of the poor Chinese & other good like minded pro democratic Chinese population in which most of them leave China & seek assylum on various countries abroad... God Bless ur fruitful vlogs. ❤🙏👍👋👋🇵🇭🇺🇸🇦🇺🇬🇧🇪🇺🇳🇿🇯🇵🇻🇳🇨🇦🇮🇱🇸🇬🇾🇹🇫🇷
Thank you, Lei!! I will have to watch later, I was too busy right now. But I will, later, I promise!!
🎉🎉🎉 Lei is coming back to warn vulnerable elderly about falsehood and debt trap set up by greedy politicians and abusing Authority to incarcerate all poor elderly at mental hospital 😢😢😢
In the initial sale, the bank does not count the monthly payments that a property owner paid. To have then moved on to a new business transaction where more money is needed, the bank will act like they lost on the deal but they never did.
Great inspiration from your wallpaper !! Lei, Canada will soon move to the second phase of our inquiry into foreign interference in Canada's domestic affairs, especially the last federal election in 2021. A preliminary report is to be tabled in early May. Thanks for the bank report . Regrettably, no surprises, it being China ......!!
Thank you Ms. Lei for your analysis; and explanation of this matter. The traditional wallpaper you have in the background is lovely; and transports one back to another era. Băozhong! Amítófó! 🙏🏼🙏🏼🙏🏼❤️❤️❤️💐
That is crazy. An economy cannot survive this bank robbing for too long.
Thank you Lei. 👍👍👍
The background looks very professional ... !!! Love it ...👍
Studio looks GREAT!!!
I live it a lot
I really appreciate how helpful you are in explaining how very different the Chinese culture is from Western culture with respect to language. What to me sounds like opaque extravagant flowery phrasing from a Chinese writing actually has very deep meanings and disguises threats and subtle information.
Glad you are back! Missed your insight and observations on what is going on in China. As China goes..... so goes the rest of the world.
The background is “too” busy that distracts from your presentations. Although, I find your presentations intriguing and enlightening.
I looked this up because I saw another video with the topic. This gives a more in depth explanation. :)
Sorry I missed live show. Great background! I read an article where a province met its current growth target by adjusting last year's numbers down.
Hi Lei...love your wallpaper and new office!
Great reporting, Thanks Lei.
Thank you Thank You!!!!! Don’t ever stop!!!!
Well come back
Yes, we do like the wallpaper. We also like your face and we love the fresh, quantitative, realistic views and data.
I have very little stmpathy for the Chinese banks as they partly caused the problems by lending huge amounts to the property developers and now left the buyers with the financial problem
Lei, this was done in Arizona in 2006 during the housing bubble. It's called a straw buyer. They would finance with a subprime loan that gave cash back on purchase, interest only payments, then a balloon payment. The straw buyer only got a few thousand dollars at best. Some didn't know; their identity was stolen.
The mortgage officer and realtor both got paid fees at transaction plus the cash back. If the home rose in value they would resell for another profit.
In other states some of these acts are illegal so that is why they did it in AZ. The wild west.
It's amazing that you can have a bank write a loan for 2million for sale but only 1.3 is paid. Blatant fraud and it sounds like the bank isn't doing enough to protect itself.
glad you are back!!!
Love the background! Beautiful!
Lose the wallpaper, you are correct, pattern is too big.
Thank you for breaking it down to how it comes about, very interesting and helps me understand why this happened.
The debt eater made more than the agent? How reliable! Honor among thieves!
Fabricating data has become the norm of all countries ,including the collective west especially United States o America
Background looks great. You look great in front of it. Lighting is great. Great to see you. Great to be here. Everything seems to be just great.
Hi Lei, we missed you. Greetings from the 🇵🇭 Philippines.
Thank you, Lei. Love the wallpaper.
You is a beautiful lady
Love the wall paper!
The Western expression of this is, "Robbing Peter to pay Paul". Adding on buying or shifting debt only kicks the can further down the road. Banks are burdened by even more unsolvable debt, added by colossal fraud, and China will reach collapsing banks, mass unemployment and consumption death (the last two things which it already has). And since the CCP owns these banks and is the creditor, it will drain the treasury. Adding to the economic shock will be currency devaluing, i.e. stagflation. It will not be long before the value of food and energy will skyrocket, since China imports quite a lot of this. The end effect of China's economy will make the hapless economy of Argentina look like Switzerland.
Thanks.
Always a pleasure 😎 wallpaper looks beautiful, welcome back😊
Thanks!
Sg or foreign bank investors bears the loss. Sg has a bunch of banks in Ch.
The scheme are usually collective from inside and outside .Look at latest Vietnamese banking scandal, the one behind collected more than the one Infront 🤣
NICE BACKGROUND! 🎉❤
wow i love your wallpaper!
It is just a financial game created by banking system.
Very interested in China's operations abroad - Mexico, Vietnam, Laos, and others like the smaller countries in the Pacific. Interested in whether they are native Chinese escaping or CCP extensions into other countries. (Or perhaps a mixture... each helping the other, albeit reluctantly).
good work
Even the bankers themselves co - operate with the Professor debtors to burst the banks in Malaysia
Looks great !
The wallpapers look very
good.
Looks beautiful!
hellow MS Lei, tim in the ozarks of mid US, good to see you looking so well. Question; who makes the money?
love the wall paper.
Welcome back
I love the wallpaper!
The wallpaper suits you 🤗
Omygosh!!!! I LOVE THE BACKDROP!!!
Lovely background!
Ingenious! 😂👏😂These are modern day Robin Hood!!!
I can depend on your commentation It is real not really fake to realize thanks for the report. ,
I LOVE the wallpaper
China's professional debt bearers sounds like Rich Dad Poor Dad here in US. Don't think the Chinese are buying or wearing brand name goods like they did. The debt bearer can only do that 1 time or he'll be black listed for life too right?
Its beautiful
clear as mud
How does a poor rural farmer qualify for a 2 million Yen loan? Doesn't the Chinese banks looks at an applicant's income to see if they can afford a loan?
👍❤️
"state of chaos" must be somewhere between Washington and California :]
Very nice background
love the wallpaper
if i am going to steal a big ship not a piece paper. We call it the real Pirates of the Carribean, the ship yards and repair persons, save your life and pick your pocket. Adverse possessions and saving vessel from pernicious charges was how i had custody of amazing boats.
Genius
Miss Lei talking to you now is also a Hit and Run Chinese Taiwanese
I like it the wallpaper it’s beautiful
No to the wallpaper. It is beautiful, but too distracting.
your wallpaper is wonderful and complements your beauty 🥰
Who downgraded?
I think I used to have the scene in the wallpaper.
Do you know the channel serpentza ? It makes content similar to yours ?
Wisdom coming from above says: Then, too many will be stumbled and will betray one another. Many false prophets will arise and mislead many; And because of the increasing of lawlessness, the love of the greater number will grow cold.
You know what "borrowing" and not paying back is called in the rest of the world? Stealing.
Does the CCP have an agency dedicated to investigating and arresting financial criminals? Or would the agency end up investigating CCP members?
Lei, the fashion houses have released their summer collections. Through product placement you could model some of the outfits. You could help mainstream some of the bolder fashions.
CCP investigate itself? Are you crazy?
Nothing New.. Nothing New.. Nothing New..the Chinese in Malaysia who were without Nationality , did the bank bursting with the professional debtors strategy 100 years ago inside Malaysia
where can I find the link?
You dress beautifully. Just gorgeous.
Not surprise at all.
Seems like the whole process is one big racket
Russia has a similar phenomenon, with personal loan amounts and subsequent defaults at record levels. Wonder if you can comment on how CCP has distorted or discouraged traditional Chinese values and culture.