China’s Fake Rich: Bought a Million-Dollar Luxury Car, but Can’t Afford to Fill It Up

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  • Опубліковано 1 гру 2024

КОМЕНТАРІ • 1 тис.

  • @marcomarc151
    @marcomarc151 11 місяців тому +617

    A teacher of mine once said;
    It's better to have an ugly and cheap bag, yet has money in it,
    Rather than having a beautiful and expensive bag but has no money in it.

    • @jaycho6747
      @jaycho6747 9 місяців тому +29

      I use a plastic bag so I don’t get robbed.

    • @dukebbb6539
      @dukebbb6539 9 місяців тому +16

      That expensive bag is sometimes purchased with debt.

    • @rockersstone619
      @rockersstone619 9 місяців тому +25

      My mother teach that to me too. What for having hermes & gucci handbag when you can’t afford to buy a bowl of noodles with an egg. 😂😂😂

    • @astralclub5964
      @astralclub5964 8 місяців тому +11

      Ch*na forgot that it owed everything to the goodwill of the USA and the West. The process of remembering will be painful!

    • @yesudasnaidu3541
      @yesudasnaidu3541 7 місяців тому +2

      I just don't understand the lure u get good quality stuff at every price point

  • @michaelqu
    @michaelqu Рік тому +288

    There's a saying, you're too poor if you have to pretend to be rich.

    • @mpirokajosephmgcokoca2355
      @mpirokajosephmgcokoca2355 6 місяців тому

      Doing things within your budget

    • @AaronSchwarz42
      @AaronSchwarz42 4 місяці тому

      Rich Dad (Cheap used Toyota) / Poor Dad (New BMW)

    • @ReloGP14th
      @ReloGP14th Місяць тому +1

      No need to a saying statistically poor people tends to buy lot of luxury brands to show that they arent "poor" when they are in the 10% of the poorest. rich people usually dont buy from a brand and have custom clothes tailor to them

  • @jackcat3745
    @jackcat3745 Рік тому +636

    The USA is no better, 40% of the people do not have $1000 in bank.

    • @dead.byjawn4866
      @dead.byjawn4866 Рік тому +48

      More than 40% easily

    • @hampopper3150
      @hampopper3150 Рік тому +31

      Its because of credit cards as people risk life and limb over credit scores to get loans.

    • @MeiinUK
      @MeiinUK Рік тому

      Ask yourself today, how many are in these tech companies, or media empires? Shielding away everything ? To me.. it is either...1) government, 2) military or 3) media...

    • @TheCrazierz
      @TheCrazierz 9 місяців тому +8

      My car is expensive but I at least can fill it with gas lol

    • @alejandraparker7272
      @alejandraparker7272 8 місяців тому

      THAT DOESNT INCLUDE MEXICANS. MEXICANS LIVE 10.OR 15 TOGETHER SO THEY CAN SAVE MONEY. SO THEY ALWAYS HAVE MONEY.

  • @Big_Blue_Monkey
    @Big_Blue_Monkey 10 місяців тому +233

    I know a Brit who bought a Ferrari and barely drives it because it's too expensive to run. He's also worried about it breaking down because to fix it will cost a fortune. Personally I really don't see point of owning it if you can't use the car, it's just an over priced ornament sat in the garage.

    • @adameve2647
      @adameve2647 8 місяців тому +22

      He should have bought a Toyota

    • @johntang4108
      @johntang4108 7 місяців тому +17

      Why not just hire one when you need to show off. You can tell others you have lots of expensive cars now renting them out as business.

    • @sbfhawk4343
      @sbfhawk4343 7 місяців тому +13

      Millonaires do not buy Ferraris. We buy Toyotas , Acuras or Hondas Second and Mercedes, and Porsches last....Get it right..

    • @staticbuilds7613
      @staticbuilds7613 6 місяців тому +4

      Had a neighbour crash their car into mine one night. Didn't want the insurance involved for the same reason. I told them, if you can't afford the repair or insurance then you can't afford the car. Two more small crashes later and now they wear glasses. The crash was the front side being damage, enough for the insurance to cover and nothing major

    • @MyJourneyToAWholeBitcoin
      @MyJourneyToAWholeBitcoin 6 місяців тому +2

      See it all the time - people buy a nice expensive car, but put cheap tyres on it and the cheapest E10 fuel. What's the point of all that horse power if you put the lowest octane fuel in there!?

  • @statostheman
    @statostheman Рік тому +819

    In my circles, we've a saying: "The poor dress in the clothes of the rich man, while the rich dress in ordinary clothes".

    • @EzraMerr
      @EzraMerr Рік тому +21

      Exactly

    • @Patrick_Cooper
      @Patrick_Cooper Рік тому +41

      Not me I am poor white trailer trash, an I look the part... Almost only have Walmart cloths and stuff.

    • @talkinghand122
      @talkinghand122 Рік тому +26

      This is true. People like to show off what they don't have. Like living in a crappy apartment in a bad neighborhood but driving an expensive car.
      BREAKING: 55 Chinese sailors fear dead from submarine accident. It got stuck in its own trap, set to ensnare US and US allies submarines.

    • @surfside75
      @surfside75 Рік тому +16

      Yes, but if your going to be put in jail for "whatever we choose -ccp" why bother saving for tomorrow. Enjoy your life today if there is no guarantee for tomorrow. 😅

    • @thecolorhero1078
      @thecolorhero1078 Рік тому +3

      Ok but being stylist is neither.

  • @adonisfernandez3425
    @adonisfernandez3425 Рік тому +213

    The problems of consumerism are not unique to China. What sets them appart is how strong the fluctuation of cash has been. They went to riches to rags in months, not even years. People with incomes of 2 or 300,000 dollars a year lost their income source and have no chance of find a similar one EVER.

    • @MrMarinus18
      @MrMarinus18 Рік тому +22

      It's why good functioning public services and social safety nets are crucial.
      Unfortunately China is so horribly corrupt and the government has so little accountability that they always fail at these things.

    • @faustinpippin9208
      @faustinpippin9208 Рік тому

      thats what happens after useless lockdowns
      poor get more poor, rich get more rich
      wef accomplished all their goals with these lockdowns' and you cant even see it...

    • @patrickt49
      @patrickt49 11 місяців тому +11

      This is why one should always save and invest. Problem is people who aren't used to high incomes blow through their finances and can no longer replicate what once was. So in the end, despite how much their earning were, they're left with net zero.

    • @agentxyz
      @agentxyz 10 місяців тому

      Covid destroyed a lot of businesses. Corruption in China is more rampant. They have minimal regulations and enforcement. Tofu-dregs construction and products such as deadly milk powder destroyed their reputation and businesses are fleeing like Hasbro. but as US deregulates -- companies are doing the same predatory things and environmental destruction will increase

    • @mabeSc
      @mabeSc 8 місяців тому +1

      Was about to say the same..

  • @nikolaradakovic5050
    @nikolaradakovic5050 7 місяців тому +30

    Zero compassion for them. When they are on a high they behave super arrogant.

  • @thebram
    @thebram 11 місяців тому +36

    Well, a lot of people bought iPhone but could not even afford mobile data, just depends on shared wi-fi of coffee shops.

    • @TheMeloettaful
      @TheMeloettaful 9 місяців тому +2

      For all these years ever since I started carrying a mobile phone I've always been a Tracfone customer. I won't lie and say I never wanted the more fancier EXPENSIVE phones. But I know I am much more better off sticking with what is AFFORDABLE for me. I can't even imagine how much people would spend on mobile data for an iPhone, let alone paying month to month for phone service 😬!

    • @borrisg4972
      @borrisg4972 8 місяців тому

      Tmobile is $50 for unlimited talk text and data, and 15GB (I think) a day to run as a hotspot.
      With the ACP (which sadly is ending very soon) it's only $20 a month. Their cheaper plans are fully free with the ACP.
      If you can afford it, get the cheapest smartphone on sale and get real service. The only problem, with ACP ending, the best discount will be $10 off the bill maximum.
      The cheapest smartphone with the cheapest service is infinitely better than anything (and everything, I've had many types of their phones) Tracfone has to offer.
      Considering you have to spend money for Tracfone to be passably usable (for free you get what, 250 minutes and 100 texts PER MONTH with their smartphones and 500 with their oldphones) you might as well spend it on a non shit service.

  • @GNerdful
    @GNerdful Рік тому +59

    in Britain we say these kind of people have "fur coat, but no knickers"

    • @patriot925
      @patriot925 6 місяців тому +8

      In Texas we say, "Big hat, no cattle."

    • @PuPuChangg
      @PuPuChangg 6 місяців тому

      In Maryland we say "When I close my eyes, I can't see"

    • @brysoncherry9884
      @brysoncherry9884 5 місяців тому +1

      I also like "sizzle no steak".

  • @zerodegreescelsius
    @zerodegreescelsius Рік тому +78

    Yup, they are everywhere. People who own flashy cars but gripe about fuel and parking fees.

  • @TheMrB
    @TheMrB Рік тому +121

    I hunted for ages to find a power washer not made in China. Found a German one, snapped it up. No more Chinese junk for me.

    • @johntang4108
      @johntang4108 7 місяців тому

      Thanks god you can afford to buy one these days. You can always buy junk products not made in China.

    • @JeanKader-k7s
      @JeanKader-k7s 6 місяців тому +3

      Why didn’t you pick a Karscher to begin with ? Chinese products some are good some are less. But you pah for what you get …

    • @youngmoney7018
      @youngmoney7018 5 місяців тому +1

      In China most times you get what you pay for, Apple products are made in China too

    • @marktazidomingo
      @marktazidomingo 4 місяці тому

      ​@@youngmoney7018until the apple company shifted their production country to Mexico 😂😂😂😂😂, apple made in china are easy to break

    • @AaronSchwarz42
      @AaronSchwarz42 4 місяці тому

      I try to avoid anything made in China too, but it's not always possible.
      Official Akropovic slip on $458, on sale $348, used on Ebay $131 shipping out of Hong Kong, but even the real one comes out of China too, so I saved $236 on Ebay buying a used one, but its just a metal can and pipe with clamp and some fiberglass - hard and impractical for me to fabricate one from scratch at the same cost, given the need for tools and materials would be more expensive than the full price new official one.

  • @lakeline6317
    @lakeline6317 Рік тому +243

    That is happening in many places outside China too. Here in Australia, many people, especially Millenials, are piling up a massive amount of debt. Is all Roses when you can afford it, but with the interest rates going up, people need more money to service those debts. The worst thing is, that most of the debt goes into luxury items just to show up and look successful not into investments.

    • @ArariaKAgelessTraveller
      @ArariaKAgelessTraveller Рік тому +13

      Iphone, sport cars, luxury watch, jewelries, and rich looking apartment
      there are some other, but somehow many youngster think that if their parents can afford all of these before, so can they

    • @wykydytron
      @wykydytron Рік тому +12

      It's nothing new, there was always massive number of people living above their status just to end in debt. No matter how good economy, stupid people will always end with debt.

    • @user-uv8wc5qr9h
      @user-uv8wc5qr9h Рік тому

      Well clothes are literally an investment, I.e to purchase vestments. China really should stop being so capitalist...

    • @automatic5
      @automatic5 Рік тому +3

      tbf u take nothing with you in death not even debt

    • @metallooily7606
      @metallooily7606 Рік тому +1

      We used our computers & our handphones until its lifespan demised as innovation always outlive the products.

  • @tttran60
    @tttran60 Рік тому +61

    It looks like the Chinese are catching up with the American way of spending.

    • @okman9684
      @okman9684 Рік тому +4

      Capitalism?

    • @pxh6129
      @pxh6129 Рік тому +15

      @@okman9684 Capitalism, with Chinese characteristics.

    • @EzraMerr
      @EzraMerr Рік тому +6

      ​@okman9684 corporate socialism is not capitalism it's branched as "fascism" 😂

    • @shaf3006
      @shaf3006 Рік тому +4

      living on plastic 😂

    • @markgarin6355
      @markgarin6355 Рік тому

      Alas no.....we might buy stuff made in china....we don't buy fake Western things from China.

  • @CJBradley
    @CJBradley Рік тому +68

    Reality check.! If you have a mortgage you don't own your own home, the bank owns it, you just hold the debt.

    • @funnatopia704
      @funnatopia704 9 місяців тому +3

      Same with cars, yet people don’t make the same comparison for some reason.

    • @TheGodpharma
      @TheGodpharma 9 місяців тому +3

      That isn't technically true. You do own the house, as long as you keep up the payments.

    • @TheCrazierz
      @TheCrazierz 9 місяців тому +3

      Ok, that's not true. You owe it, paid for by a loan, which if you don't pay, you forfeit said home. You want shit for free?

    • @SwaggMessiah69
      @SwaggMessiah69 8 місяців тому

      No, by law you own it. If you want to be specific financially you own the equity/market value of the house.

    • @H0DLTHED0R
      @H0DLTHED0R 7 місяців тому

      Even after paying off your mortgage if you live in a city that collects and charges you property taxes, it's still not yours because the moment you fail to make payment they repo your hime!

  • @alekpd2940
    @alekpd2940 Рік тому +113

    The question is, what’s not fake in China?

    • @Bleu_sky
      @Bleu_sky Рік тому +7

      The grass

    • @AB-dx1co
      @AB-dx1co Рік тому +17

      ​@@Bleu_skyprove it😂😂😂😂

    • @xostler
      @xostler Рік тому +32

      Oh I know this one! Government corruption isn’t fake!

    • @Super-Saiyan-Blue-Gogeta
      @Super-Saiyan-Blue-Gogeta Рік тому +22

      @@Bleu_sky They literally spray paint the ground and bad looking grass green. (They do this to a lot of the environment to put on a facade that everything is "prosperous & healthy")

    • @akiij
      @akiij Рік тому +5

      Recent fireworks for Asian games 🤣

  • @AFRIKTODAY
    @AFRIKTODAY Рік тому +39

    consumerism is not CAPITALISM! Consumerism is was designed by corpocratic entities aligned with the State to control and manage society but discouraging the " capitalist" vertues of thrift, self reliance, and savings.
    Capitalism thrives under savings, long term thinking, and hardwork. Consumption spending is not one of its focal point.
    Capitalism builds savings while consumerism overspends.
    let's never confuse both concepts!

  • @ronnelacido1711
    @ronnelacido1711 Рік тому +154

    It must be so difficult putting up a facade just for the sake of appearances. Those "new" poor pretending to be rich have adopted a dual identity because losing face would be worse for them. A hollow existence that hinges on how much money you got.

    • @silentwatcher1455
      @silentwatcher1455 Рік тому +11

      Very common in the Philippines.

    • @MrMarinus18
      @MrMarinus18 Рік тому

      I think one of the reasons why it's so bad in China is because the CCP has utterly destroyed any sense of community or culture. Consumerism is really all they have.

    • @seekittycat
      @seekittycat Рік тому +4

      There is a belief of rich attract rich. Like by looking wealthy you'll attract wealthy friends/coworkers who will help you succeed.

    • @MrMarinus18
      @MrMarinus18 Рік тому +4

      @@seekittycat And unfortunately they are correct in that. The hing is the odds of that happening are still incredibly low but they are higher than actually working hard cause that won't get you anywhere.

    • @MrMarinus18
      @MrMarinus18 Рік тому +5

      @@seekittycat The truth many Chinese but also Americans and Europeans don't want to accept that in today's economy social mobility is pretty much non-existent. The only way to become rich is to be born rich.

  • @deanchur
    @deanchur Рік тому +262

    I work as a bartender and even still I've managed to put away a year's worth of expenses, no tips.
    How people manage to put themselves in a situation where they have a lot of material goods but are less than a month away from bankruptcy is beyond me. The need for external validation can be a real financial demon if you don't reign it in.

    • @mathews749
      @mathews749 Рік тому +22

      It’s not always about that. I have a 3.2k a month payment for living. I have 400 a month payment for two older vehicles. Insurance. I have 2 kids I pay for school, food, clothes, insurance & extra curricular activities to keep them on a good path. My wife is disabled and can’t work, it is on me yes, but it isn’t because we’re greedy or materialistic. Our markets have left us behind. We sold out our countrymen for profit and when you look around it shows.

    • @cashkitty3472
      @cashkitty3472 Рік тому +3

      You will win on life because as you get older your earning potential will grow. I remember saving on 23k sterling and now I'm on 68k sterling now own horse and flat. Got my first car last year. Buy assets that don't depreciate first

    • @c.fyffe0
      @c.fyffe0 Рік тому +1

      I'm a penny pincher as well

    • @StillJustD
      @StillJustD Рік тому +3

      @@mathews749nobody forced you to have kids or have multiple cars. Don’t blame the markets, blame your bad choices. Should have put more in the bank and invested BEFORE trying to start a family you CLEARLY can’t afford to take care of!

    • @mathews749
      @mathews749 Рік тому +8

      I make $120,000 on a single income before taxes. I take care of a disabled woman, HER daughter that another man abandoned and my own child we had before she fell ill and had to stop working. I understand in your little Utopia world you can’t fathom something like that happening, but my family lives in the real world. We just get by, but when it comes to doing anything else like paying for meaningful experiences like a trip, covering medical expenses and medications insurance won’t, saving money for my children to go to college.. my retirement.. you know, things that matter, it’s sacrificing one thing for another. You say “two cars” like I couldn’t decide between Lambo and Ferrari and bought both. No.. I have a 2014 accord and a handicap van that we NEED. Our government has made MANY choices that have affected our economy negatively, while at the very same time, allowed businesses in other countries to thrive. And don’t even get me started on the inflation that was 100% avoidable. I haven’t made poor choices, I’ve made normal choices and worked harder than many just to sustain. I’ve stepped up where many men would have ran away and given up. Don’t talk to me about choices. Based on your attitude the hardest choice you probably make is pepperoni or steak hot pockets. Twat

  • @RachellMangosan-mv7dw
    @RachellMangosan-mv7dw Рік тому +22

    Karma to the evil bully. Along with their lies. Their arrogant. And greed. And their fake map. And fake 10 dash line. And their abuse in power to the other country. In their evil evil deeds in land grabbing. The things that don't belong to them.

  • @steveforbes8287
    @steveforbes8287 Рік тому +40

    I believe that's what we used to call "Keeping up with the Jones Family"!

  • @xue.0w0
    @xue.0w0 Рік тому +70

    I'm very glad that I live in a place where just what looks good is enough, not caring much about the brand. Plus the fact that we flex the good things we bought for cheap lmao

    • @akriminsoe4168
      @akriminsoe4168 Рік тому +5

      Same here. They will competing how much discount they can get 😂

    • @JrneyLwi-it4dq
      @JrneyLwi-it4dq 6 місяців тому

      Bro where is this place? , I really want to be amongst people with similar values

  • @majinboo6377
    @majinboo6377 Рік тому +18

    thats the problem, age limit in career. they expect people born 25 years ago to be competent as people who are luckier to be born 25 years later.

    • @spleancrush
      @spleancrush 11 місяців тому

      yea such stupid thinking

  • @AnBS3
    @AnBS3 Рік тому +78

    Spending the money you don’t have is not sustainable. They’ve learned it a hard way.

    • @johntang4108
      @johntang4108 7 місяців тому +3

      American never need to learn this way. When they are lacking of money, the US government can always print more paper money like playing monoploy game.

    • @motoKJ
      @motoKJ 7 місяців тому

      ​@@johntang4108China does it worse with secrecy and the control of the CCP. In the US everybody knows it but no one takes action

    • @mickeyk8380
      @mickeyk8380 6 місяців тому +1

      ​@@johntang4108 A true CCP warrior you are

    • @Chris.Davies
      @Chris.Davies 4 місяці тому

      Spending money you don't have can be a fantastic way to make money.
      Just how ignorant are you, about money?
      When you buy a home, you borrow the money to pay for most of it, and create a great profit over time. Despite the interest!

  • @joem0088
    @joem0088 Рік тому +31

    Look in any Western marina. You'll find most million dollar boats sit there 90% of the time. Owners can't afford to fill the tanks.

    • @minle8702
      @minle8702 Рік тому +4

      Nor can they buy the time to use said boats.
      Money time energy
      The triad

    • @stoundingresults
      @stoundingresults Рік тому +5

      I used to work across the street from a Marina in San Diego, CA. Many New Zealanders and Australians were buying sail boats and sailing them back to Australia areas in 2008 recession. Even a Russian did it, I guess the prices were super cheap to buy. I also heard the phrase the only 2 days when you are happy with a boat is the day you buy it and the day you sell it.

    • @joem0088
      @joem0088 Рік тому +2

      @@stoundingresults In 2008/2009 all yachts were cheap. I bought a 15M Sea Ray at half price, and shipped it to the Far East. Shipping rate was cheap, about 50% of pre-Subprime crisis rates.

    • @leonhenry4861
      @leonhenry4861 5 місяців тому

      Could it also be that they’re so busy they don’t have time to use them 😮

    • @Chris.Davies
      @Chris.Davies 4 місяці тому

      Nope. Boats are massively expensive, even when not being used. Just mooring costs a fortune.
      No - Rich people don't use their boats often, because they are too busy making money.
      Poor people don't buy boats.

  • @keyofenlightenment6560
    @keyofenlightenment6560 Рік тому +40

    If you want to understand the economics of China, u need to start with its politics..

    • @ArariaKAgelessTraveller
      @ArariaKAgelessTraveller Рік тому +7

      It's really the opposite of US, Capitalism economy first, politics 2nd

    • @MrMarinus18
      @MrMarinus18 Рік тому +7

      That's no different in the US.
      There is a ton of propaganda trying to claim economics isn't political but that's wrong. Economics is political and always has been. Most of the poverty in the US is a political choice which benefits the people at the top.

    • @mickeyk8380
      @mickeyk8380 6 місяців тому

      ​@@MrMarinus18 how would that benefit anyone?😂 You are brainwashed by chinese and russian propaganda videos on UA-cam. Blah blah... rotten west, we are great....blah.. yuan better than dollar....blah😂

  • @sc0rpi0n0
    @sc0rpi0n0 Рік тому +68

    They didn't buy these to use. They buy to resell. Also as with expensive cars, it's just sometimes it's hard to borrow money from a bank, so they get car loans instead, and then they resell the cars at 10% loss for money.

    • @stormryder4305
      @stormryder4305 9 місяців тому +7

      If that the case, then they shouldn't have any problem with fuel and parking fine, should they? Because they aren't going to use the car, anyway.

    • @dxp96
      @dxp96 7 місяців тому

      @@stormryder4305 some people do that, but its weird you cant refuel your $350,000 car.

  • @Maximus0187
    @Maximus0187 11 місяців тому +6

    President Xi said if you are poor and go find a sugar daddy or sugar mom to have luxury life. 😂

  • @davidwelty9763
    @davidwelty9763 Рік тому +75

    This is heartbreaking. The common people are suffering, while party members carry on like before.

    • @ChaosAngel667
      @ChaosAngel667 Рік тому +10

      The common peoeple are to blame here for engorging themselves on massive debt to keep appearances.

    • @Calmly-replied111
      @Calmly-replied111 Рік тому +2

      😢 When you have never had anything and you finally start making money 💰 I just think people wanted to have a better life. Where was the credit education program for people to understand there newest acquired toy (credit card). In the USA a person can go bankrupt and foreclosure is an option. In China the rules are very different 😢

    • @wykydytron
      @wykydytron Рік тому +3

      You think declaring bankruptcy will save you in USA? Only way it works is when bankruptcy is not by your fault and make sense from debtors perspective as they now own you and everything you had if it is by your fault you still have to pay your dues.

    • @achekholbeckal889
      @achekholbeckal889 11 місяців тому +2

      it's happen all over the world, the ordinary people find it's hard to put meals on the table while politicians make millions

  • @marknorthrup7646
    @marknorthrup7646 Рік тому +15

    When a nation or even an individual chose to live in a net negative manner this becomes the result. You can't get more out of any system than what gets put into it. Unfortunately, this country is trying to thrive on theft, greed, laziness, and corruption. This is not a formula for success. It seems that too many people today seem to gravitate towards the easy. We even brag about how much we can make for how little we do. This is shocking to me and should be shameful to anyone with a conscience.

  • @jesterzubrata
    @jesterzubrata Рік тому +10

    This is why dont flex stop wasting money to impress other people who not even know you

  • @alanjenkins1508
    @alanjenkins1508 Рік тому +17

    Living on debt is a very short term strategy. At some point economic reality will hit, hard!

  • @yunisblu3412
    @yunisblu3412 6 місяців тому +3

    $38,000/yr is considered MIDDLE CLASS??? WHAT? lmao!

    • @josefeibl8230
      @josefeibl8230 6 місяців тому

      40 years ago! I was 22 making about that in 1987. One and only time I had a car loan. Bought a Corvette and paid it off in 18 months. Had about 150 cars since. Paid cash. Haven't had a CC for 20 years. Debit cards are good enough.

  • @numbereightyseven
    @numbereightyseven Рік тому +5

    Crikey. I'd never hire anyone UNDER 35.

    • @ZaKRo-bx7lp
      @ZaKRo-bx7lp 6 місяців тому

      The under 35 thing is a lie. The real reason why they wouldn't hire him back is because they aren't willing to give him his old salary. They want some dumb and desperate college graduate, so they can underpay them.

  • @toddbowers5673
    @toddbowers5673 Рік тому +32

    No the middle class is gone. The last 3 years erased any money we had left over. Corporations were able to lay off and force wages back to an unlivable earnings.

  • @azwanajeeb2167
    @azwanajeeb2167 11 місяців тому +1

    These Chinese only care about face and they don't want to lose...😅

  • @Live-Life-Freely
    @Live-Life-Freely Рік тому +12

    If you ever feel the pressure to live a certain way other than just enjoying your life, know that you're weak.
    If you can endure this "pressure" then you'll come out a stronger person

  • @thisismonitor4099
    @thisismonitor4099 8 місяців тому +3

    The richest people I know personally well are worth a few tens of millions and drive a 5 year old Ford Fusion which they bought at 2 years old for 16k....

  • @leepaoyang710
    @leepaoyang710 Рік тому +34

    The sad truth is that most of middle class American are thousands and thousands of dollars in debts because of college loan and car loans. I could list a few more but these two are the most prominent. Although most of them tends to live a frugal lifes. They can never escape debts which is why United States is the land of debts unless you plan not to get a car, go to a secondary school or get a house which is incredibly difficult and most of this debts stick with you for the most part of your lifes. They are just mimicing the life of an American so nothing new about it.

    • @komlat253
      @komlat253 Рік тому +2

      Middle class hasn't been a thing for ever .to make the contrast in American life I feel is not very honest . China has issues be generally they also have a huge middle class if u can call it such . America's middle class in deep in debt but not just America, Korea and Japan too.

    • @thinkcat01
      @thinkcat01 Рік тому +3

      American also in debts, but it is easier to be an entreprenuer there than in China. Since western companies are pulling out of China, there is a domino effect. During the pandemic, the govt of USA send money to the individual citizens, not China.

    • @MrMarinus18
      @MrMarinus18 Рік тому +1

      In the US most of these could be cancelled quite easily. Unfortunately the political system is too corrupt to do so.

    • @JulioGonzalez-yc2wu
      @JulioGonzalez-yc2wu 11 місяців тому +1

      Loans were made by choice. Not by a gun to your head.. just saying. As someone who also has a debt.

    • @komlat253
      @komlat253 11 місяців тому +2

      In America especially for middle and lower class people, debt can be easy but to barrow is much harder than in china . In America u have to be already well off to even have so much debt unless it's like student loans or hospital stuff . U won't get to barrow so much and the punishment is just less borrowing haha. In china there is debtors prison apparently although I've never seen it. From what I've seen ,I heard people get black listed in the market ,so like buying a house or car is not longer possible even if u have the means to pay the whole think or like banning u from leaving the province, taking planes or trains. Like the government literally limits freedom when you start owing too much . But plus side is that u can borrow alot from the government with little means to pay it back or credit. U can be broke and borrow.... but I recently learned that china is stuck in an investment lead growth mindset, so it makes sense that anyone can just go to the bank and ask for money.

  • @hampopper3150
    @hampopper3150 Рік тому +9

    I wouldn't be surprised if they are also bribing the police.

  • @NappyWayz
    @NappyWayz Рік тому +24

    1:20 "Owning" a lot of fancy stuff but having ZERO money! Sounds like the American way! 🇺🇲

    • @amuxpatch2798
      @amuxpatch2798 Рік тому

      God Bless US style free market practice at its best, USA,USA,USA sung by Americans (pay check to pay check with easy loans/credits) are the cheer leaders of US federal government ,LOL

    • @charlottepeukert9095
      @charlottepeukert9095 Рік тому +8

      There's nothing wrong with owning fancy stuff, if you can afford it. What brings joy and value to you is a deeply personal decision. Rich people own loads of stuff and why shouldn't they? What makes buying toxic is if you're doing it on credit, that you're unable to repay. It's heartbreaking that people are telling themselves that they'll be wealthy again if they're pretending to be and keep up appearences. That never works. But I can understand them. They're desperately trying to cling to a reality that doesn't exist anymore, but they worked for it and don't want to give up on their dreams. They're residing to a fantasy world where they're wealthy and happy.

    • @Big_Blue_Monkey
      @Big_Blue_Monkey 10 місяців тому +1

      Consumerism... capitalism at it's best, convincing you to buy crap you don't need.....

    • @NappyWayz
      @NappyWayz 10 місяців тому +1

      You all don't pick up on sarcasm. Even though what wrote is true. It is sarcastic.

    • @funnatopia704
      @funnatopia704 9 місяців тому +1

      Love how people think America is the only capitalist country.

  • @wansworld27
    @wansworld27 Рік тому +13

    I don't know if anyone else has experienced this, but when your in top shape and you go for an interview with someone who is abit on the obese side, they immediately don't like you and its obvious they feel uncomfortable. Thing is whatever youtube guru's tell you about the importance of working out etc, most bosses are out of shape by quite a large margin.

    • @JulioGonzalez-yc2wu
      @JulioGonzalez-yc2wu 11 місяців тому +4

      Let me simply it for you. It's called being insecure. That's quite an essay you typed.

    • @wansworld27
      @wansworld27 11 місяців тому

      Alright Einstein@@JulioGonzalez-yc2wu

  • @wendyalda7191
    @wendyalda7191 Рік тому +15

    SK also does the same thing. Ironically, they dislike others that look ugly and poor. Meanwhile, they spend money on plastic surgery and luxury items. They would rather starve or buy cheap food. It's about the facade. Walking like a model K-pop idol or Kdrama actor will help them gain high status and confidence. They believe it will make them get jobs and partners easily. However, they get the same thing. At the job, all of them compete in PUBG game. For dating, both sides are too materialistic. At the end, they can't afford to have a house and start a family. Too perfectionist and care so much what other people say. Expect to get praise but in result having so many debts.

  • @skyninja301
    @skyninja301 Рік тому +24

    Check out the fly buzzing around the pile of seafood at 13:51. Food safety suffers in both producer and consumer phases.

    • @DrTubeman
      @DrTubeman Рік тому

      Good spot.

    • @Metzgeweiser
      @Metzgeweiser Рік тому +1

      I get your point, but they're also seems like they're sitting outside. If it was three or four, I would agree that's nasty. We've all had a fly that just would not leave you alone for one second

    • @stupadasol5911
      @stupadasol5911 Рік тому

      The main entree just escaped!

  • @shannobailey2917
    @shannobailey2917 Рік тому +3

    I live in a dumpster in Cleveland but I still have a new BMW.

  • @DesperateForSanity
    @DesperateForSanity Рік тому +33

    Since the first credit card was launched it's been a way of emotionally soothing yourself with immediate gratification, but it's ten times worse with a generation that's been coddled to think they should have everything and never be told no.

    • @seekittycat
      @seekittycat Рік тому +1

      They're the one child policy generation with 4 grandparents. With that said they work 12 hours a day 6 days a week that's not spoiled that's insane.

    • @DesperateForSanity
      @DesperateForSanity Рік тому +3

      @@seekittycat That's very true about work, but there's definitely a sense of entitlement that's grown worse over the years and it seems more generational than regional.

  • @robbyjay8119
    @robbyjay8119 Рік тому +4

    China went all in on capitalism..

  • @AnBS3
    @AnBS3 Рік тому +3

    It’s time to pay bills for the party that has ended.

  • @yaiqabsupplanter1252
    @yaiqabsupplanter1252 Рік тому +3

    😂 and here i thought all chinese were good with money.

  • @CapeSIX
    @CapeSIX Рік тому +2

    If I was working 9am-9pm 6 days a week my Sunday would be all Shopping

    • @stoundingresults
      @stoundingresults Рік тому

      Might as well work 7 days and bank money

    • @CapeSIX
      @CapeSIX Рік тому +1

      @@stoundingresults :( I know worked the last 2 sundays and this week not looking like I’ll be off Sunday lol. But yes it’s like stealing money working weekends

  • @tedthesailor172
    @tedthesailor172 Рік тому +76

    China's response to covid has absolutely hammered the economy...

    • @stlouisix3
      @stlouisix3 Рік тому

      it's mostly from current communism; lockdowns etc. are in the past.

    • @smug_cat1
      @smug_cat1 Рік тому +7

      not only that

    • @Ezekiel903
      @Ezekiel903 Рік тому

      didn't knew that communism is a stronger materialistic/consumer oriented system as capitalism! I always thought it was about sharing, having the same standard of living, free healthcare. no class struggle. Beside that, even without Covid the economy would have collapsed, only a few which manufactured for foreign did well, the rest was about cheating, selling crap products, it was driven by incentives and not real demand. Like the house bubble

    • @ryukshinigami13
      @ryukshinigami13 Рік тому

      It's incredible isn't it? Xi single handedly destroyed the Chinese economy with his zero covid policy. No wonder there's so much turmoil in the upper rungs of the CCP, they all know who to blame for what's happened to the Chinese economy.

    • @buckkw5108
      @buckkw5108 Рік тому

      Yeah? China's release of COVID hammered the global economy..

  • @johnkim3658
    @johnkim3658 7 місяців тому +2

    I thought this was black culture thing I guess not.

  • @makersmark1974
    @makersmark1974 Рік тому +11

    A wise one would not walk with a flock but create it's own.. ..see everyone smile or do something doesn't necessarily mean one must smile or do the same thing.. ..nothing beats contentment, become nothing and contentment becomes you..

  • @LibertyandFreedom4
    @LibertyandFreedom4 Рік тому +6

    GLADLY living below my means as we all should. When Alexander the Great died, he declared that his right should be left uncovered when being viewed, he wanted people to see that even though he had the world in his hands when he was alive, he came into this world with nothing and left with nothing.

    • @Metzgeweiser
      @Metzgeweiser Рік тому +5

      Source? Because my history books from school say it was gold with no mention of glass until it was scrapped for coin and remade. He also died near the middle of June in Babylon, aka 50 miles south of Baghdad, so I don't think they would be parading a swollen bloated corpse moments from exploding then entire way from Babylon to Pella. Also, he was not that humble to even conceive of the thought of showing that he was leaving this world with nothing. This is someone that was raised believing he was descended from the gods, conquered the entire known world at that time, and marched his troops half to death through a desert when they wanted to go home.

    • @MrMarinus18
      @MrMarinus18 Рік тому

      In many ways China is more similar to Africa than to America.

  • @Angel_the_Bunny
    @Angel_the_Bunny Рік тому +2

    Sucks when your jobs get outsourced huh.

  • @Rome__king
    @Rome__king Рік тому +69

    I wont lie when i was 20 I bought my first corvette working at Walmart with 1400$ monthly payments. Long story short it got repossessed lmao. It taught me better not flex until I can afford it most embarrassing thing ever when something taken publicly. This will be a never forgotten lesson for them lol. The bad news is their economy is crashing when I did this at 20 our market was probably stronger than ever. Being broke in a time you should avoid being broke seems pretty bleak.

    • @noneyabusiness6049
      @noneyabusiness6049 Рік тому

      You got a problem, think a Walmart job was gonna cover an overpriced car like that. Don't flex so much u might get jack because it over exposing urself to car thief

    • @Rome__king
      @Rome__king Рік тому +28

      @@noneyabusiness6049 you alright buddy? i literally wrote a whole thing about not doing what I did and how it reflected bad judgement at 20.... ?

    • @xostler
      @xostler Рік тому +6

      @@Rome__kingI’m going to assume English isn’t their first language and didn’t understand you.
      Noneyabusiness comment was difficult to read lol

    • @MK_ULTRA420
      @MK_ULTRA420 Рік тому +7

      @@Rome__king As a professional hater, he's just being a hater.

    • @Shinobubu
      @Shinobubu Рік тому

      The worst news is China does not have.. **bankruptcy protection.**

  • @privatedata665
    @privatedata665 4 місяці тому +1

    Americans are not doing much better . Governments are not a help but more of a burden

  • @SpartanFarron
    @SpartanFarron Рік тому +3

    Maybe he can fill it up with foot water.

  • @Tux0xFF
    @Tux0xFF 6 місяців тому +1

    Luxury items are really really targeted to the poor 😂

  • @BestFoodAndTravelVideos
    @BestFoodAndTravelVideos Рік тому +2

    It already appeared in USA as Housing Bubble and now in CHINA in a different form.

  • @TheDagmargoh
    @TheDagmargoh Рік тому +14

    why this video 1:10 using Singapore background !!!!!! Singapore this not China......

    • @clarencesyleong6332
      @clarencesyleong6332 5 місяців тому

      dun expect much, this channel's purpose is to make everything in China look negative.

    • @JDManiacSport
      @JDManiacSport 4 місяці тому

      Well Singapore is in good relations with China. A lot of China people stay and work in Singapore. 😂😂😂😂

  • @FallenAngel53
    @FallenAngel53 Рік тому +4

    In my town we call that “fur coat , no knickers” 😅 7:07

  • @aadityasah6090
    @aadityasah6090 Рік тому +3

    *Banks- your debt is a asset for us.*

  • @bdahmartlangte5551
    @bdahmartlangte5551 8 місяців тому +1

    Normal is enough

  • @theGreenleaf84
    @theGreenleaf84 Рік тому +14

    Communist countries are more capitalists than capitalist countries 😂

  • @rasdan1192
    @rasdan1192 7 місяців тому +1

    This what happens when Capitalism meets a country that values "What other people -might- think"

  • @teonorman1892
    @teonorman1892 Рік тому +3

    XI should forget BRICS and get his house in order.Don't bite off more than you can chew.

  • @lovephotography1966
    @lovephotography1966 7 місяців тому +1

    The sad thing is people will see me in public and assume Im on welfare and trying to look like I'm somebody. Yet, I'm a black girl who sacrificed and lived within and sometimes below my means to be where I am today. Retired twice before age 55, living well, BUT, very mindfull to manage my funds. I smile when I'm being judged!🎉

  • @SteveBueche1027
    @SteveBueche1027 Рік тому +17

    You get rich by not spending.

  • @wingkeechan5329
    @wingkeechan5329 Рік тому +1

    No no no... they are not poor...
    They are the Rich In Debt!!!

  • @411smiths
    @411smiths Рік тому +6

    What a great channel. Never knew I needed this.

  • @ilyasofficial1617
    @ilyasofficial1617 Рік тому +3

    This happens also in indonesia, where a lot of people are borrowing from easily acquired loan(shark?).

  • @AaronSchwarz42
    @AaronSchwarz42 4 місяці тому +1

    Many of the Chinese people that make $10+ million leave china and move to Canada, America and countries in Europe, and retire, the drive strange because they are 50 years old and have never driven a car before, then I encounter them and wonder if its DUI...

  • @KeithZSD
    @KeithZSD Рік тому +6

    Ever heard of Chinese adage "shining donkey dungs"? It's not only individuals. The whole nation has been like this for centuries, shining donkey dung

  • @rockersstone619
    @rockersstone619 9 місяців тому +1

    I thought chinese are good at math & accounting lol😂

  • @Ukie88
    @Ukie88 Рік тому +4

    Some of these Chinese women seem to be able to afford white face and western eyes.

  • @daskritterhaus5491
    @daskritterhaus5491 Рік тому +2

    when a nation devours its young they are less a threat to the rest of the world.
    all this then is good news.

  • @PeterMasalski93
    @PeterMasalski93 9 місяців тому +15

    Me and my wife have been running a business for years, we don't buy anything, we just reinvest everything into the business and buy real estate.
    I look like the poorest guy in my neighborhood.

    • @leonhenry4861
      @leonhenry4861 5 місяців тому +1

      Oh my god, such an amazing life you life. Buzz off 😅. Just because you live like a mug, doesn’t mean everyone else has to. If you have it good well done you 🎉

    • @PeterMasalski93
      @PeterMasalski93 5 місяців тому

      @@leonhenry4861 Yeah well Im laughing with 3 appartments and half a million to the bank while you have to wake up to work tomorrow. :) hahahaha

    • @leonhenry4861
      @leonhenry4861 5 місяців тому +3

      @@PeterMasalski93 Jheez, 500k and only 3 apartments, what’s that these days, lower middle class. If I only had 3 apartments I’d keep it to myself it’s nothing to brag about, especially on the internet. I’m a trust fund kid so I was born with the ability not to work. I love my job and my career so I choose to go in. Big difference between needing to and having to. Anyways, good luck with those 3 apartments I know people who had 100s and lost them all, all because they got complacent with not working.

    • @PeterMasalski93
      @PeterMasalski93 5 місяців тому

      ​@@leonhenry4861 Well as a trust fund kid, you automatically lost my respect. You took daddy's money and probably got anything done through nepotism. I had to run a business for 12 years starting from scratch.
      So yeah, automatically disqualified. Lol.
      A trustfund kid bragging hahahah

    • @PeterMasalski93
      @PeterMasalski93 5 місяців тому

      ​@@leonhenry4861 Start with 0$ on the street and try to make it anywhere from there. Until you have done that, you are worthless. You never had to endure all the hardships of poverty, make sacrifices and learn to win. So you like to dress in style because daddy paid the bill. I learned to be happy with a black Tshirt and a pair of jeans.
      People like you are losers and would probably fail if they had been in my shoes.

  • @UncleFeedle
    @UncleFeedle 2 місяці тому +1

    If you have money, pretend to be poor.
    If you don't have money, don't pretend to be rich.

  • @glen7k621
    @glen7k621 Рік тому +4

    Talking about China but many of the videos and images are in Singapore.

  • @gracekouvali6903
    @gracekouvali6903 9 місяців тому +1

    Don't drink champagne on beer wages.

  • @lookman7047
    @lookman7047 Рік тому +3

    People are people! Same cases happening in many countries all over the world. The urge to show off what you don't have on social media. 😏

  • @SuperSiddharth94
    @SuperSiddharth94 Рік тому +2

    I am from India and looking at this condition of china is scary.

  • @SkyGlitchGalaxy
    @SkyGlitchGalaxy Рік тому +6

    This is idiots everywhere. It's consumerism more than capitalism 😂.
    Capitalism, to me, is freedom. But queuing for iPhones or buying anything because it's "limited", I feel your brain has been high-jacked.

  • @kekrangel6247
    @kekrangel6247 Рік тому +1

    🐸🐸🐸all payd for by us taxpayers🐸🐸

  • @yuliazni3389
    @yuliazni3389 11 місяців тому +4

    I replaced and bought a new cellphone after 6 years. There are many types of cellphones out, I chose one that can meet the basic needs of an Android cellphone and large memory (supporting system).

    • @funnatopia704
      @funnatopia704 9 місяців тому

      Nobody asked lmao.
      So random.

  • @Darkest_matter
    @Darkest_matter 7 місяців тому +2

    Poor: supreme, LV, gucci tracksuits and Jordans.
    Rich: plain sweaters and pants that look like they could either be $10 or $1000

  • @OldCanadianguy953
    @OldCanadianguy953 10 місяців тому +6

    One cannot be depressed by poverty unless one has allowed themselves to be deceived by wealth.

  • @tibedog5629
    @tibedog5629 6 місяців тому +1

    "Do not hire over 35" I feel that
    I haven't been able to get any form of other job or change jobs here in the US and it is obvious due to age.

  • @jaypetz
    @jaypetz Рік тому +10

    They got lured by the sweet allure of pleasure but got trapped by debt. There will a time in life when spending felt so good but its your choice to live that moment and starve later or livr within your means and live without worries.

  • @mrbobby9160
    @mrbobby9160 6 місяців тому +1

    Well , this is the same globally, not just in China. Sadly even after going through Covid some people dont know the importance of savings. They gonna regret for life later on.

  • @markchang5285
    @markchang5285 Рік тому +5

    The scene in 1:07 is Singapore, not Shanghai! 😅

    • @michaelwin83
      @michaelwin83 7 місяців тому

      U need to chill and pay ur hdb loan

  • @HorseRadish403
    @HorseRadish403 Рік тому +2

    The Rich Poor 😂

  • @lookstothetroon
    @lookstothetroon Рік тому +3

    Much like the Trabant that its engine came from, filling up the petrol tank will double the value.

    • @Kat-zi2tb
      @Kat-zi2tb Рік тому

      What's trabant

    • @lookstothetroon
      @lookstothetroon Рік тому

      @@Kat-zi2tb east german shitbox made out of compressed russian trousers

  • @NJVArtimations
    @NJVArtimations 6 місяців тому

    I still don't get why people buy cars that is 70% less functional outside asphalt roads?

  • @mohini2701
    @mohini2701 Рік тому +5

    Even in India most of us take loan to buy home/car.
    However we live little modestly and try to make some savings.

    • @MrMarinus18
      @MrMarinus18 Рік тому

      India though does still have some culture and community to fall back on. In China the CCP has destroyed those things. So you either have political power or financial power. If you don't have either then you are nothing.

    • @innominatum9906
      @innominatum9906 Рік тому

      There's nothing wrong with taking a loan to buy a new home. It can be okay for cars too but they often lose value much quicker than a house.
      The problem is when you buy a house that is so expensive that the interest on the loan nearly takes away all your income each month. While the loan-taker/buyer certainly are to blame for this - in my opinion the bank should also make sure that the loan isnt too high. After all, theyre stuck with a customer who cant their fees anymore.

  • @PeteCorp
    @PeteCorp Рік тому +2

    They all need some Dave Ramsey teachings.

  • @Ryan-he2qz
    @Ryan-he2qz Рік тому +4

    I feal this chinese hard wordworking people. Their aspirations definitley crush like the world trade center in newyork. This is the thing we can eat our pride to stand up again . Live simple with dignity. Important is to be healthy so we can overcome all challenges in our life. Prayer is important

  • @kornhead8
    @kornhead8 Рік тому +1

    Fake rich 😱

  • @celestrio
    @celestrio Рік тому +13

    Im not looking forward when we reach retirement age. All my fellow mellenials will be crying with protest cards on how they have no money to retire while looking behind them with a bmw, mercades, $80k+ vehicles, Gucchi bags, expensive materialistic and unncessary items to survive stuff.
    The saying, "live life" is taken out of context. Im living on minimum wage and yet i pay all my bills, zero credit card debt, and have some money to enjoy life in modesty. Its possible to have a good life but that depend on your choices uou make in life.

    • @d3vilz_lair666
      @d3vilz_lair666 7 місяців тому +1

      I made sure before I retired to be debt free,bought a decent SUV for 900 and owe nothing with extra $$ each month...just in case😅

  • @OoiElba
    @OoiElba 10 місяців тому +1

    Life is easy once you know how to remove all the Bullshit from your life you'll be awaken when there is no Enemy Within you outside cannot hurt you.