Rivolte in Cina i cittadini cinesi si rivoltano contro il PCC in un attacco mortale
HanCottoIlRazzo5.3
[{'start': '0.160', 'end': '4.160', 'text': "Protesters in China's largest city"}, {'start': '2.080', 'end': '8.600', 'text': 'crying down with the Chinese Communist'}, {'start': '4.160', 'end': '8.600', 'text': 'Party and down with Xiinping.'}, {'start': '12.160', 'end': '16.800', 'text': 'Bloody shootouts erupt, citizens kill'}, {'start': '14.360', 'end': '18.720', 'text': 'officials, social revenge, and riots'}, {'start': '16.800', 'end': '21.880', 'text': "explode as China's economy teeters on"}, {'start': '18.720', 'end': '21.880', 'text': 'the edge.'}, {'start': '23.760', 'end': '28.480', 'text': 'Things are getting out of hand in China.'}, {'start': '26.160', 'end': '30.960', 'text': 'Just two weeks ago, we had pro-democracy'}, {'start': '28.480', 'end': '33.760', 'text': 'banners go up in a major Chinese city.'}, {'start': '30.960', 'end': '36.079', 'text': 'And now riots are erupting all across'}, {'start': '33.760', 'end': '38.640', 'text': 'the country. In fact, in one city,'}, {'start': '36.079', 'end': '41.520', 'text': 'things got so out of hand that we had a'}, {'start': '38.640', 'end': '44.480', 'text': 'protester kill a CCP official and the'}, {'start': '41.520', 'end': '47.200', 'text': 'public was celebrating the death. We had'}, {'start': '44.480', 'end': '50.239', 'text': 'one Chinese commenter say publicly that'}, {'start': '47.200', 'end': '54.160', 'text': "under economic hardship, the CCP's"}, {'start': '50.239', 'end': '56.079', 'text': 'evildoing will spark public retaliation.'}, {'start': '54.160', 'end': '58.160', 'text': 'Comments like these are worrying Xi'}, {'start': '56.079', 'end': '61.760', 'text': 'Jinping because they are threatening the'}, {'start': '58.160', 'end': '64.479', 'text': "CCP's rule. But I don't think that they"}, {'start': '61.760', 'end': '67.119', 'text': 'can sustain it for too much longer. And'}, {'start': '64.479', 'end': '68.560', 'text': "there's a couple reasons. Cining,"}, {'start': '67.119', 'end': '70.479', 'text': "because he's turned his back on"}, {'start': '68.560', 'end': '72.640', 'text': 'consumption as being the fundamental'}, {'start': '70.479', 'end': '74.560', 'text': "basis of the Chinese economy, there's"}, {'start': '72.640', 'end': '76.960', 'text': 'only one way out to rescue an'}, {'start': '74.560', 'end': '79.840', 'text': 'increasingly grim situation, and that is'}, {'start': '76.960', 'end': '83.200', 'text': "to export more. China's not growing at"}, {'start': '79.840', 'end': '85.280', 'text': 'the 5.0% pace reported for last year.'}, {'start': '83.200', 'end': '87.360', 'text': "It's may not even be growing at all, but"}, {'start': '85.280', 'end': '90.320', 'text': 'we know the trend is down because we can'}, {'start': '87.360', 'end': '93.840', 'text': 'see price signals that suggest actually'}, {'start': '90.320', 'end': '96.560', 'text': 'who scream deflation. Um, but even if'}, {'start': '93.840', 'end': '98.240', 'text': 'China were growing at 50, um, it'}, {'start': '96.560', 'end': '100.880', 'text': "probably wouldn't be growing fast enough"}, {'start': '98.240', 'end': '103.040', 'text': 'for those guys to pay back debt. China'}, {'start': '100.880', 'end': '105.119', 'text': 'not only has a problem with Trump at'}, {'start': '103.040', 'end': '106.960', 'text': 'this moment, China not only has a'}, {'start': '105.119', 'end': '109.840', 'text': 'problem with an economy that looks like'}, {'start': '106.960', 'end': '113.600', 'text': "it's contracting, China has now its"}, {'start': '109.840', 'end': '115.280', 'text': '2008. In 2008, they did not want to'}, {'start': '113.600', 'end': '117.439', 'text': 'suffer a recession. So, they'}, {'start': '115.280', 'end': '121.200', 'text': 'overstimulated their economy. They piled'}, {'start': '117.439', 'end': '123.439', 'text': 'on the debt. And now that debt is just'}, {'start': '121.200', 'end': '126.280', 'text': 'too heavy. So, you got all of these'}, {'start': '123.439', 'end': '128.959', 'text': 'crises hitting at the same time. And so,'}, {'start': '126.280', 'end': '130.560', 'text': 'Cining a couple months ago, you know, he'}, {'start': '128.959', 'end': '133.200', 'text': 'looked like he was going to rule the'}, {'start': '130.560', 'end': '135.120', 'text': "world. Um, right now, he's going to be"}, {'start': '133.200', 'end': '138.000', 'text': 'lucky just to wake up alive in the'}, {'start': '135.120', 'end': '140.400', 'text': 'morning. That beating had to do with the'}, {'start': '138.000', 'end': '142.400', 'text': 'Chinese mortgage crisis which has only'}, {'start': '140.400', 'end': '144.480', 'text': 'gotten worse since the tariff war has'}, {'start': '142.400', 'end': '146.400', 'text': 'started. Now last time we made a video'}, {'start': '144.480', 'end': '148.080', 'text': "on the China's mortgage crisis and the"}, {'start': '146.400', 'end': '150.160', 'text': 'protests that were taking place in the'}, {'start': '148.080', 'end': '153.120', 'text': 'country because of it. Our video was'}, {'start': '150.160', 'end': '155.519', 'text': 'demonetized and restricted within few'}, {'start': '153.120', 'end': '157.599', 'text': "hours of the upload. To us it didn't"}, {'start': '155.519', 'end': '159.680', 'text': 'make sense why because we talked about'}, {'start': '157.599', 'end': '162.239', 'text': 'protest in many different countries and'}, {'start': '159.680', 'end': '164.800', 'text': 'for some reason this specific video was'}, {'start': '162.239', 'end': '167.120', 'text': 'restricted and not the other ones. Well,'}, {'start': '164.800', 'end': '169.680', 'text': 'more than a year after we published that'}, {'start': '167.120', 'end': '172.319', 'text': 'video, YouTube decided that it had made'}, {'start': '169.680', 'end': '174.720', 'text': 'a mistake and it decided to unrestrict'}, {'start': '172.319', 'end': '176.160', 'text': 'and monetize our video. Now, we have a'}, {'start': '174.720', 'end': '178.319', 'text': "feeling that since we're talking about"}, {'start': '176.160', 'end': '180.879', 'text': 'the same subject today, this video may'}, {'start': '178.319', 'end': '182.720', 'text': 'also get demonetized and restricted. So,'}, {'start': '180.879', 'end': '184.640', 'text': 'if you guys can help us out and hit that'}, {'start': '182.720', 'end': '186.560', 'text': 'like and subscribe button down below and'}, {'start': '184.640', 'end': '189.040', 'text': 'share it on your social media, that way'}, {'start': '186.560', 'end': '190.720', 'text': "we won't need the YouTube algorithm."}, {'start': '189.040', 'end': '192.720', 'text': 'Now, before we talk about the mortgage'}, {'start': '190.720', 'end': '194.640', 'text': 'crisis, I quickly want to go over the'}, {'start': '192.720', 'end': '196.640', 'text': 'democracy protest that took place in'}, {'start': '194.640', 'end': '198.640', 'text': 'China just two weeks ago. So, this'}, {'start': '196.640', 'end': '201.040', 'text': 'happened on April the 15th or maybe'}, {'start': '198.640', 'end': '203.120', 'text': 'April the 14th, so roughly 2 weeks ago.'}, {'start': '201.040', 'end': '205.040', 'text': 'And this is the report. Massive banners'}, {'start': '203.120', 'end': '207.280', 'text': 'demanding political change were hung'}, {'start': '205.040', 'end': '209.360', 'text': 'from an elevated bridge in Chandu,'}, {'start': '207.280', 'end': '211.799', 'text': 'China, reading, "Without political'}, {'start': '209.360', 'end': '214.080', 'text': 'system reform, there will be no national'}, {'start': '211.799', 'end': '216.640', 'text': 'rejuvenation. The people do not need a'}, {'start': '214.080', 'end': '218.720', 'text': 'political party with unchecked power.'}, {'start': '216.640', 'end': '221.239', 'text': 'China does not need anyone to point out'}, {'start': '218.720', 'end': '223.519', 'text': 'the direction. Democracy is the'}, {'start': '221.239', 'end': '225.519', 'text': 'direction. The protester behind this'}, {'start': '223.519', 'end': '227.920', 'text': 'bold act shared a photo of the scene'}, {'start': '225.519', 'end': '229.440', 'text': 'before he was forcefully disappeared.'}, {'start': '227.920', 'end': '231.280', 'text': 'Now, you guys can assume what that'}, {'start': '229.440', 'end': '233.120', 'text': 'means, but we do have more information'}, {'start': '231.280', 'end': '234.959', 'text': 'about the protester now. But before we'}, {'start': '233.120', 'end': '237.120', 'text': "get to that, let's finish this report."}, {'start': '234.959', 'end': '238.720', 'text': 'He revealed that he had spent an entire'}, {'start': '237.120', 'end': '240.319', 'text': 'year preparing for this moment,'}, {'start': '238.720', 'end': '242.879', 'text': "determined that it'd be seen and"}, {'start': '240.319', 'end': '245.599', 'text': 'remembered no matter the cost. His final'}, {'start': '242.879', 'end': '248.560', 'text': 'words before all contact was lost were,'}, {'start': '245.599', 'end': '250.560', 'text': '"All I wish is for democracy in China.'}, {'start': '248.560', 'end': '253.040', 'text': 'Foreigners do not understand the courage'}, {'start': '250.560', 'end': '255.200', 'text': 'it takes to do this." "Nobody suffers'}, {'start': '253.040', 'end': '257.519', 'text': 'more at the hands of the CCP than the'}, {'start': '255.200', 'end': '260.239', 'text': 'Chinese people. And it seems they are'}, {'start': '257.519', 'end': '262.639', 'text': 'finally speaking up." In a second, we\'ll'}, {'start': '260.239', 'end': '264.320', 'text': 'get into a report of Chinese youth'}, {'start': '262.639', 'end': '266.639', 'text': 'getting on Chinese social media, which'}, {'start': '264.320', 'end': '268.960', 'text': 'is highly censored, and calling out Xi'}, {'start': '266.639', 'end': '270.720', 'text': 'Jinping directly. But before we get to'}, {'start': '268.960', 'end': '272.320', 'text': 'that, I do want to cover a little bit'}, {'start': '270.720', 'end': '274.720', 'text': 'more about where these banners were'}, {'start': '272.320', 'end': '277.199', 'text': 'hung. You see, the city was very'}, {'start': '274.720', 'end': '279.199', 'text': 'appropriately picked. Changdu is the'}, {'start': '277.199', 'end': '282.160', 'text': 'same city that Tik Tok influencers from'}, {'start': '279.199', 'end': '283.680', 'text': 'the US always ooh and ah from and tell'}, {'start': '282.160', 'end': '285.919', 'text': "everyone that they don't know the real"}, {'start': '283.680', 'end': '287.919', 'text': "China. So, here's a reminder that just"}, {'start': '285.919', 'end': '290.400', 'text': 'like any other country, the real version'}, {'start': '287.919', 'end': '292.479', 'text': 'of itself has many different versions.'}, {'start': '290.400', 'end': '294.720', 'text': 'The difference is in an authoritarian'}, {'start': '292.479', 'end': '296.880', 'text': "country, people aren't allowed to openly"}, {'start': '294.720', 'end': '299.199', 'text': 'criticize the versions of a country that'}, {'start': '296.880', 'end': '302.000', 'text': "the government doesn't want you to see."}, {'start': '299.199', 'end': '303.840', 'text': 'But every so often we get reminders that'}, {'start': '302.000', 'end': '306.880', 'text': 'there is a whole lot going on beneath'}, {'start': '303.840', 'end': '308.880', 'text': 'the surface that people stay silent on.'}, {'start': '306.880', 'end': '311.360', 'text': 'Well, now it seems that the Chinese'}, {'start': '308.880', 'end': '313.199', 'text': 'people are speaking up and this protest'}, {'start': '311.360', 'end': '314.800', 'text': 'was just the beginning. But before we'}, {'start': '313.199', 'end': '316.800', 'text': "get to other protest, here's what we"}, {'start': '314.800', 'end': '318.479', 'text': 'know about this activist. Now, before I'}, {'start': '316.800', 'end': '320.960', 'text': 'read this report, I do want to mention'}, {'start': '318.479', 'end': '324.160', 'text': 'for everyone who might be worried that'}, {'start': '320.960', 'end': '326.000', 'text': 'this protester is already in CCP'}, {'start': '324.160', 'end': '328.080', 'text': "custody, so we're not putting him at"}, {'start': '326.000', 'end': '329.759', 'text': 'risk by sharing his picture. In fact,'}, {'start': '328.080', 'end': '331.680', 'text': 'this picture has been making rounds on'}, {'start': '329.759', 'end': '333.440', 'text': 'Chinese social media already. The'}, {'start': '331.680', 'end': '336.080', 'text': 'activist who hung the banners over the'}, {'start': '333.440', 'end': '339.440', 'text': 'overpass in Changdu is named Mille'}, {'start': '336.080', 'end': '341.360', 'text': 'Shinglin, a 27year-old from Sinuan.'}, {'start': '339.440', 'end': '343.120', 'text': 'According to him, this banners have been'}, {'start': '341.360', 'end': '345.280', 'text': 'prepared for a year. Before the action,'}, {'start': '343.120', 'end': '348.639', 'text': 'he encountered a labor dispute with'}, {'start': '345.280', 'end': '350.800', 'text': 'Senzhen Board Vision Hinguan Technology.'}, {'start': '348.639', 'end': '353.120', 'text': 'During the process of complaining to the'}, {'start': '350.800', 'end': '355.759', 'text': 'labor inspection department, the staff'}, {'start': '353.120', 'end': '357.759', 'text': 'passed the buck in various ways, even'}, {'start': '355.759', 'end': '360.320', 'text': 'hung up the phone before he could finish'}, {'start': '357.759', 'end': '362.160', 'text': 'explaining the situation. Now, this may'}, {'start': '360.320', 'end': '364.160', 'text': 'seem like a trivial matter, but we have'}, {'start': '362.160', 'end': '365.919', 'text': 'to realize this was likely one of many'}, {'start': '364.160', 'end': '368.400', 'text': "things that's bothering the Chinese"}, {'start': '365.919', 'end': '371.120', 'text': 'population, and this is what pushed him'}, {'start': '368.400', 'end': '373.360', 'text': 'over the edge. Remember the Arab Spring'}, {'start': '371.120', 'end': '375.919', 'text': 'in Middle East? It started in Tunisia'}, {'start': '373.360', 'end': '377.919', 'text': 'when a produce vendor had his cart'}, {'start': '375.919', 'end': '379.759', 'text': 'seized by the authorities and when he'}, {'start': '377.919', 'end': '382.639', 'text': 'went on to complain about it, they just'}, {'start': '379.759', 'end': '385.680', 'text': 'laughed him off. So he set himself on'}, {'start': '382.639', 'end': '388.240', 'text': 'fire to protest the authoritarian regime'}, {'start': '385.680', 'end': '390.479', 'text': 'and within weeks of that happening, the'}, {'start': '388.240', 'end': '391.919', 'text': "government had fallen. And again, that's"}, {'start': '390.479', 'end': '393.919', 'text': 'not to say that that will happen in'}, {'start': '391.919', 'end': '396.800', 'text': 'China, but we have to keep in mind that'}, {'start': '393.919', 'end': '399.360', 'text': 'lot of big protest start off as a small'}, {'start': '396.800', 'end': '401.600', 'text': "event. And it seems that's happening in"}, {'start': '399.360', 'end': '403.919', 'text': 'China already. Here we have another'}, {'start': '401.600', 'end': '405.840', 'text': 'teenager complaining publicly about the'}, {'start': '403.919', 'end': '409.160', 'text': 'way Xi Jinping is dealing with this'}, {'start': '405.840', 'end': '409.160', 'text': 'trade war.'}, {'start': '409.520', 'end': '413.280', 'text': 'Recently, China and the US have started'}, {'start': '411.360', 'end': '415.440', 'text': 'fighting the trade war again. The US'}, {'start': '413.280', 'end': '416.720', 'text': "says they'll raise tariffs, and the CCP"}, {'start': '415.440', 'end': '418.479', 'text': "immediately says they'll fight to the"}, {'start': '416.720', 'end': '420.319', 'text': 'end. It sounds strong and full of'}, {'start': '418.479', 'end': '422.160', 'text': "backbone. But think about it. Who's"}, {'start': '420.319', 'end': '424.720', 'text': "really suffering? It's not the officials"}, {'start': '422.160', 'end': '426.960', 'text': "or the rich. It's us, the common people."}, {'start': '424.720', 'end': '429.199', 'text': 'Look at life now. The prices go up every'}, {'start': '426.960', 'end': '431.120', 'text': 'year. Eggs are expensive. Meat is'}, {'start': '429.199', 'end': '433.680', 'text': 'expensive. And fruit is even more'}, {'start': '431.120', 'end': '435.919', 'text': "expensive. Young people can't find jobs."}, {'start': '433.680', 'end': '438.000', 'text': "After graduation, they're unemployed."}, {'start': '435.919', 'end': '439.919', 'text': 'Internet layoffs, factory closures,'}, {'start': '438.000', 'end': '441.919', 'text': 'small businesses closing down. But the'}, {'start': '439.919', 'end': '443.840', 'text': "CCP isn't thinking about how to save the"}, {'start': '441.919', 'end': '445.360', 'text': 'economy. Instead, they keep cracking'}, {'start': '443.840', 'end': '447.599', 'text': 'down on private enterprises while'}, {'start': '445.360', 'end': '449.000', 'text': 'fighting the US in the tariff war. They'}, {'start': '447.599', 'end': '451.520', 'text': "claim it's to protect national"}, {'start': '449.000', 'end': '453.919', 'text': "interests. But who is the country? Isn't"}, {'start': '451.520', 'end': '455.199', 'text': 'it us? Our jobs are in danger and'}, {'start': '453.919', 'end': '457.280', 'text': "they're talking about sovereignty and"}, {'start': '455.199', 'end': '459.039', 'text': "toughness. What's the point? The US"}, {'start': '457.280', 'end': '461.039', 'text': 'raises tariffs and China immediately'}, {'start': '459.039', 'end': '462.639', 'text': 'retaliates. It may look like a back and'}, {'start': '461.039', 'end': '465.199', 'text': 'forth, but the real cost is being paid'}, {'start': '462.639', 'end': '467.360', 'text': 'by us, the common people. Factory orders'}, {'start': '465.199', 'end': '469.039', 'text': 'are gone, foreign trade is in chaos,'}, {'start': '467.360', 'end': '470.880', 'text': 'workers are laid off, and bosses are'}, {'start': '469.039', 'end': '473.039', 'text': "running away. There's no protection for"}, {'start': '470.880', 'end': '474.800', 'text': "people's livelihoods. The CCP always"}, {'start': '473.039', 'end': '476.879', 'text': "says it doesn't start trouble, but isn't"}, {'start': '474.800', 'end': '478.319', 'text': "it causing trouble now? If the country's"}, {'start': '476.879', 'end': '479.759', 'text': 'leader really cared about the people,'}, {'start': '478.319', 'end': '481.599', 'text': 'they would focus on making our lives'}, {'start': '479.759', 'end': '483.440', 'text': 'better, not just making a tough face for'}, {'start': '481.599', 'end': '485.759', 'text': 'show. There are no winners in a trade'}, {'start': '483.440', 'end': '487.120', 'text': "war. It's about power and wisdom. When"}, {'start': '485.759', 'end': '488.240', 'text': "they say they'll fight to the end,"}, {'start': '487.120', 'end': '490.319', 'text': "they're gambling with people's"}, {'start': '488.240', 'end': '492.240', 'text': 'livelihoods. In the end, they fight, but'}, {'start': '490.319', 'end': '493.759', 'text': "we starve. We don't want to be dragged"}, {'start': '492.240', 'end': '495.520', 'text': "into this. We don't want to pay the"}, {'start': '493.759', 'end': '497.520', 'text': 'price for their struggle. We just want a'}, {'start': '495.520', 'end': '499.599', 'text': 'stable job, food on the table, and a'}, {'start': '497.520', 'end': '502.000', 'text': "peaceful life. It's that simple."}, {'start': '499.599', 'end': '504.080', 'text': 'Unfortunately for the CCP, their'}, {'start': '502.000', 'end': '505.360', 'text': 'problems do not just stop there. If you'}, {'start': '504.080', 'end': '507.199', 'text': 'guys have been following the channel,'}, {'start': '505.360', 'end': '509.440', 'text': "we've been talking about it. How China's"}, {'start': '507.199', 'end': '512.240', 'text': 'economy is unsustainable. And that was'}, {'start': '509.440', 'end': '514.240', 'text': 'even before the tariff war started. You'}, {'start': '512.240', 'end': '516.760', 'text': 'see, China has been having the mortgage'}, {'start': '514.240', 'end': '519.200', 'text': 'crisis that has been the bane of its'}, {'start': '516.760', 'end': '522.479', 'text': "existence. Well, things haven't gotten"}, {'start': '519.200', 'end': '525.519', 'text': 'much better for the CCP. And here and'}, {'start': '522.479', 'end': '528.760', 'text': 'Chinese citizens are still very angry'}, {'start': '525.519', 'end': '532.160', 'text': 'about the CCP officials messing up their'}, {'start': '528.760', 'end': '534.560', 'text': 'future. Here you can see protesters'}, {'start': '532.160', 'end': '535.890', 'text': 'protesting against unfinished building'}, {'start': '534.560', 'end': '542.590', 'text': 'projects.'}, {'start': '535.890', 'end': '542.930', 'text': '[Music]'}, {'start': '542.590', 'end': '546.020', 'text': '[Applause]'}, {'start': '542.930', 'end': '546.020', 'text': '[Music]'}, {'start': '547.770', 'end': '553.019', 'text': '[Applause]'}, {'start': '549.940', 'end': '553.019', 'text': '[Music]'}, {'start': '554.399', 'end': '558.560', 'text': 'Owners of unfinished buildings were'}, {'start': '556.399', 'end': '560.320', 'text': 'beaten and arrested by police for'}, {'start': '558.560', 'end': '563.200', 'text': 'defending their rights at the government'}, {'start': '560.320', 'end': '566.240', 'text': 'office of Da Bay Economics Development'}, {'start': '563.200', 'end': '568.240', 'text': 'Zone in Guandong. Due to unfinished'}, {'start': '566.240', 'end': '570.320', 'text': 'property, they have launched up to 30'}, {'start': '568.240', 'end': '572.880', 'text': 'rights protection actions, but have not'}, {'start': '570.320', 'end': '575.040', 'text': 'made any progress so far. The on-site'}, {'start': '572.880', 'end': '577.360', 'text': 'video shows that owners gathered at the'}, {'start': '575.040', 'end': '579.120', 'text': 'gate of the development zone building'}, {'start': '577.360', 'end': '581.040', 'text': 'blocking government gate and shouting'}, {'start': '579.120', 'end': '583.839', 'text': 'slogans such as give me back my house'}, {'start': '581.040', 'end': '585.760', 'text': 'and down with the profiteers. Now as I'}, {'start': '583.839', 'end': '588.959', 'text': 'mentioned earlier this has been going on'}, {'start': '585.760', 'end': '591.519', 'text': 'for almost two decades now but situation'}, {'start': '588.959', 'end': '593.760', 'text': 'got bad few years ago and it has'}, {'start': '591.519', 'end': '595.760', 'text': 'continued to get worse since then. You'}, {'start': '593.760', 'end': '597.519', 'text': 'see, tariffs are not helping because'}, {'start': '595.760', 'end': '599.040', 'text': 'people are getting laid off and only'}, {'start': '597.519', 'end': '601.279', 'text': 'little bit of savings that they did'}, {'start': '599.040', 'end': '603.279', 'text': 'have, they put into real estate because'}, {'start': '601.279', 'end': '606.000', 'text': 'in China, real estate was one of the'}, {'start': '603.279', 'end': '607.680', 'text': 'only things people could invest in. Why?'}, {'start': '606.000', 'end': '609.920', 'text': 'Well, because a lot of the most'}, {'start': '607.680', 'end': '612.640', 'text': 'profitable companies are owned by the'}, {'start': '609.920', 'end': '614.399', 'text': "CCP. CCP leaders don't want to put this"}, {'start': '612.640', 'end': '615.680', 'text': 'on the public market because then they'}, {'start': '614.399', 'end': '618.160', 'text': 'would have to share the money with'}, {'start': '615.680', 'end': '620.480', 'text': 'Chinese citizens. So, lot of the'}, {'start': '618.160', 'end': '623.040', 'text': 'companies are wholly stateowned. That'}, {'start': '620.480', 'end': '625.440', 'text': "means public doesn't get any benefits of"}, {'start': '623.040', 'end': '628.480', 'text': "the Chinese companies doing well. That's"}, {'start': '625.440', 'end': '630.480', 'text': 'why Chinese citizens mainly invest in'}, {'start': '628.480', 'end': '632.880', 'text': 'real estate. They just buy up houses'}, {'start': '630.480', 'end': '635.040', 'text': 'after houses. Now, of course, there are'}, {'start': '632.880', 'end': '637.200', 'text': 'some cultural issues at play, too.'}, {'start': '635.040', 'end': '639.760', 'text': 'Families in China use real estate as a'}, {'start': '637.200', 'end': '641.760', 'text': 'way to plan for their retirement. Single'}, {'start': '639.760', 'end': '643.680', 'text': 'guys with real estate are considered'}, {'start': '641.760', 'end': '645.600', 'text': 'attractive choices for marriage, and'}, {'start': '643.680', 'end': '647.680', 'text': 'amount of real estate you own is'}, {'start': '645.600', 'end': '650.240', 'text': 'directly related to your social status'}, {'start': '647.680', 'end': '652.640', 'text': 'in the society. Considering all this,'}, {'start': '650.240', 'end': '654.800', 'text': 'you can see why real estate prices did'}, {'start': '652.640', 'end': '657.360', 'text': 'continue to go up for most part of the'}, {'start': '654.800', 'end': '659.440', 'text': 'last two decade in China. This actually'}, {'start': '657.360', 'end': '660.959', 'text': 'kind of fed into the cycle. Once'}, {'start': '659.440', 'end': '663.440', 'text': 'everyone started seeing that the real'}, {'start': '660.959', 'end': '665.440', 'text': 'estate prices only go up, families'}, {'start': '663.440', 'end': '667.200', 'text': 'started buying real estate even more'}, {'start': '665.440', 'end': '670.000', 'text': 'because they wanted a piece of that'}, {'start': '667.200', 'end': '672.000', 'text': 'profit. The rush to buy houses was so'}, {'start': '670.000', 'end': '674.640', 'text': 'huge that the developers were selling'}, {'start': '672.000', 'end': '677.440', 'text': 'out complexes before even breaking'}, {'start': '674.640', 'end': '679.440', 'text': 'ground for construction. However, even'}, {'start': '677.440', 'end': '681.839', 'text': 'after construction finished, the'}, {'start': '679.440', 'end': '684.880', 'text': 'apartments just sat there empty because'}, {'start': '681.839', 'end': '687.120', 'text': 'they had owners but no habitants. Demand'}, {'start': '684.880', 'end': '689.680', 'text': 'was high because everyone wants to buy'}, {'start': '687.120', 'end': '691.519', 'text': 'their second, third or fourth home. They'}, {'start': '689.680', 'end': '693.839', 'text': 'wanted to just get rich on this real'}, {'start': '691.519', 'end': '696.480', 'text': 'estate boom. So, supply increased'}, {'start': '693.839', 'end': '698.320', 'text': 'drastically to m match the demand. But a'}, {'start': '696.480', 'end': '700.399', 'text': 'lot of these homes were sitting empty as'}, {'start': '698.320', 'end': '703.120', 'text': 'owners were only buying these places in'}, {'start': '700.399', 'end': '705.920', 'text': 'hopes of price appreciation. Based on'}, {'start': '703.120', 'end': '708.560', 'text': 'one data set from 2022, Chinese families'}, {'start': '705.920', 'end': '712.240', 'text': 'had around 70% of their wealth in real'}, {'start': '708.560', 'end': '714.640', 'text': 'estate. You heard that right, 70%. Not'}, {'start': '712.240', 'end': '716.720', 'text': 'much for diversification, I guess.'}, {'start': '714.640', 'end': '719.120', 'text': 'Imagine if something were to happen to'}, {'start': '716.720', 'end': '721.600', 'text': 'the real estate market. Well, this is'}, {'start': '719.120', 'end': '724.920', 'text': 'where we talk about Everrand. At one'}, {'start': '721.600', 'end': '727.839', 'text': "time, it was China's largest property"}, {'start': '724.920', 'end': '730.079', 'text': 'developer. In fact, in 2018, they were'}, {'start': '727.839', 'end': '732.639', 'text': 'actually the biggest real estate company'}, {'start': '730.079', 'end': '734.320', 'text': 'in the whole of Asia. Now, when people'}, {'start': '732.639', 'end': '737.120', 'text': 'look at something that big, they just'}, {'start': '734.320', 'end': '739.440', 'text': "assume it's all legitimate. Often times,"}, {'start': '737.120', 'end': '741.519', 'text': "though, that's not the case. Here in"}, {'start': '739.440', 'end': '744.320', 'text': 'America, we learned that lesson back in'}, {'start': '741.519', 'end': '746.480', 'text': '2008. If one had looked under the hood,'}, {'start': '744.320', 'end': '748.639', 'text': 'well, the Chinese investors learned that'}, {'start': '746.480', 'end': '750.480', 'text': 'lesson with the Everrand. If they had'}, {'start': '748.639', 'end': '752.480', 'text': 'looked under the hood before the crash,'}, {'start': '750.480', 'end': '754.560', 'text': 'they would have realized that some of'}, {'start': '752.480', 'end': '758.480', 'text': 'the practices that company was carrying'}, {'start': '754.560', 'end': '760.399', 'text': 'out were not exactly appropriate. Let me'}, {'start': '758.480', 'end': '762.600', 'text': 'explain. Remember earlier how I'}, {'start': '760.399', 'end': '765.920', 'text': 'mentioned because of fear of missing out'}, {'start': '762.600', 'end': '769.040', 'text': 'FOMO people were buying houses before'}, {'start': '765.920', 'end': '770.880', 'text': 'construction even begin. So usually a'}, {'start': '769.040', 'end': '772.880', 'text': 'company like Everrand would lease a'}, {'start': '770.880', 'end': '774.880', 'text': 'piece of land from the local government'}, {'start': '772.880', 'end': '777.440', 'text': 'because in China you cannot really buy'}, {'start': '774.880', 'end': '779.440', 'text': 'land. Then that company would turn'}, {'start': '777.440', 'end': '781.760', 'text': 'around and sell houses that are supposed'}, {'start': '779.440', 'end': '784.000', 'text': 'to be built on that land and receive'}, {'start': '781.760', 'end': '786.399', 'text': 'full payment for the houses before even'}, {'start': '784.000', 'end': '788.399', 'text': 'breaking ground. companies would never'}, {'start': '786.399', 'end': '791.200', 'text': 'have any issues selling out because'}, {'start': '788.399', 'end': '793.040', 'text': 'demand was just so high. People were'}, {'start': '791.200', 'end': '796.079', 'text': 'more than happy to take out a mortgage'}, {'start': '793.040', 'end': '798.480', 'text': 'and buy houses just in hopes of owning'}, {'start': '796.079', 'end': '800.639', 'text': 'real estate someday in the future. Now,'}, {'start': '798.480', 'end': '802.560', 'text': 'the big problem that starts here is that'}, {'start': '800.639', 'end': '804.240', 'text': "companies like Everrand wouldn't"}, {'start': '802.560', 'end': '807.920', 'text': 'actually use the money that they got'}, {'start': '804.240', 'end': '809.680', 'text': 'from the sale to start construction. No,'}, {'start': '807.920', 'end': '812.639', 'text': 'they would use that money as a down'}, {'start': '809.680', 'end': '814.720', 'text': 'payment to lease even more land so they'}, {'start': '812.639', 'end': '817.120', 'text': 'can sell even more apartments for the'}, {'start': '814.720', 'end': '819.440', 'text': 'future. Now, hopefully you guys are'}, {'start': '817.120', 'end': '821.279', 'text': 'starting to see the problem. Money that'}, {'start': '819.440', 'end': '823.920', 'text': 'was supposed to be used to build the'}, {'start': '821.279', 'end': '826.079', 'text': 'houses is now going towards buying more'}, {'start': '823.920', 'end': '828.639', 'text': 'land. So, where is the money going to'}, {'start': '826.079', 'end': '831.600', 'text': 'come to actually build the houses that'}, {'start': '828.639', 'end': '833.680', 'text': 'Everrand has actually sold? Well,'}, {'start': '831.600', 'end': '836.320', 'text': 'Everrand was hoping that the pyramid'}, {'start': '833.680', 'end': '838.480', 'text': 'scheme will continue forever, but we'}, {'start': '836.320', 'end': '840.800', 'text': "know from basic math that it's literally"}, {'start': '838.480', 'end': '843.120', 'text': 'not possible for a pyramid scheme to go'}, {'start': '840.800', 'end': '844.959', 'text': 'on forever. At the end of the day, you'}, {'start': '843.120', 'end': '847.199', 'text': 'just run out of people to sign up to'}, {'start': '844.959', 'end': '849.600', 'text': 'your scheme. Chinese regulators should'}, {'start': '847.199', 'end': '851.440', 'text': 'have caught this on way before it got so'}, {'start': '849.600', 'end': '854.639', 'text': 'big. But this is where we have to talk'}, {'start': '851.440', 'end': '856.639', 'text': 'about the second issue. You see, the'}, {'start': '854.639', 'end': '858.800', 'text': 'local governments were directly'}, {'start': '856.639', 'end': '861.199', 'text': 'benefiting from this real estate payment'}, {'start': '858.800', 'end': '863.760', 'text': 'schemes that companies like Everrand had'}, {'start': '861.199', 'end': '865.519', 'text': 'going on in China. One of the big ways'}, {'start': '863.760', 'end': '867.920', 'text': 'local governments make money is by'}, {'start': '865.519', 'end': '870.160', 'text': 'leasing out lands to developers like'}, {'start': '867.920', 'end': '872.639', 'text': 'Everrand. This meant that the more risk'}, {'start': '870.160', 'end': '874.720', 'text': 'these real estate companies took on, the'}, {'start': '872.639', 'end': '877.839', 'text': 'higher the bits on these land that the'}, {'start': '874.720', 'end': '880.160', 'text': 'government was leasing out. Around 50%'}, {'start': '877.839', 'end': '882.480', 'text': "of local government's revenue was coming"}, {'start': '880.160', 'end': '883.760', 'text': 'from leasing out lands. The same'}, {'start': '882.480', 'end': '886.000', 'text': 'government that should have been'}, {'start': '883.760', 'end': '888.399', 'text': 'protecting its citizens from these risky'}, {'start': '886.000', 'end': '892.160', 'text': 'practices was directly benefiting'}, {'start': '888.399', 'end': '894.600', 'text': 'heavily from so-called risky practices.'}, {'start': '892.160', 'end': '897.120', 'text': 'This is a prime example of perverse'}, {'start': '894.600', 'end': '899.600', 'text': 'incentives. And this was one of the main'}, {'start': '897.120', 'end': '902.839', 'text': "reasons why China's real estate bubble"}, {'start': '899.600', 'end': '905.600', 'text': 'got so big. YouTube just dropped a'}, {'start': '902.839', 'end': '911.040', 'text': 'mindbogling announcement. It is paying'}, {'start': '905.600', 'end': '912.639', 'text': 'creators $64 million per day. Why? Well,'}, {'start': '911.040', 'end': '914.959', 'text': "because YouTube doesn't have enough"}, {'start': '912.639', 'end': '917.040', 'text': "creators right now. That's why you see"}, {'start': '914.959', 'end': '919.760', 'text': 'videos on your homepage that have less'}, {'start': '917.040', 'end': '921.519', 'text': 'than a thousand views like this one.'}, {'start': '919.760', 'end': '923.839', 'text': "Now, of course, that doesn't mean"}, {'start': '921.519', 'end': '925.920', 'text': 'everyone should start a channel. But if'}, {'start': '923.839', 'end': '928.000', 'text': 'you have ever wondered about starting a'}, {'start': '925.920', 'end': '930.720', 'text': 'YouTube channel or a faceless channel,'}, {'start': '928.000', 'end': '933.040', 'text': 'now is the perfect time. YouTube is'}, {'start': '930.720', 'end': '935.839', 'text': 'paying creators millions every single'}, {'start': '933.040', 'end': '938.560', 'text': "day, and it's pushing newer and smaller"}, {'start': '935.839', 'end': '940.720', 'text': "channels now more than ever. But I'm"}, {'start': '938.560', 'end': '943.199', 'text': 'sure you have many questions on how to'}, {'start': '940.720', 'end': '945.360', 'text': 'start and grow a channel. I get these'}, {'start': '943.199', 'end': '947.519', 'text': 'questions in my email all the time from'}, {'start': '945.360', 'end': '949.440', 'text': "some of you guys. That's why we have"}, {'start': '947.519', 'end': '951.600', 'text': 'decided to put all our YouTube advice'}, {'start': '949.440', 'end': '953.920', 'text': 'into one training boot camp for'}, {'start': '951.600', 'end': '955.519', 'text': "completely free. So, if you're someone"}, {'start': '953.920', 'end': '957.120', 'text': 'interested in starting your own YouTube'}, {'start': '955.519', 'end': '958.560', 'text': 'channel, you can sign up for this boot'}, {'start': '957.120', 'end': '960.560', 'text': 'camp by clicking the link in the'}, {'start': '958.560', 'end': '963.360', 'text': 'description or scanning the QR code on'}, {'start': '960.560', 'end': '965.440', 'text': 'your screen. This boot camp is like a'}, {'start': '963.360', 'end': '967.600', 'text': 'Zoom call, so it is limited to 100'}, {'start': '965.440', 'end': '969.759', 'text': 'people at a time, so be sure to sign up'}, {'start': '967.600', 'end': '972.399', 'text': 'before it gets full. Now, back to the'}, {'start': '969.759', 'end': '974.240', 'text': 'video. Regulators were always slow to'}, {'start': '972.399', 'end': '976.800', 'text': 'step in because it was directly'}, {'start': '974.240', 'end': '979.120', 'text': 'benefiting them. And then when CCP did'}, {'start': '976.800', 'end': '982.160', 'text': 'finally step in with its three red line'}, {'start': '979.120', 'end': '984.720', 'text': 'policy, it was too little too late.'}, {'start': '982.160', 'end': '986.959', 'text': 'Property developers had sold millions of'}, {'start': '984.720', 'end': '989.360', 'text': "houses and they didn't have the money to"}, {'start': '986.959', 'end': '991.680', 'text': 'actually build them. This is why we'}, {'start': '989.360', 'end': '995.399', 'text': 'continue to see protests like this one'}, {'start': '991.680', 'end': '995.399', 'text': 'happening in China.'}, {'start': '996.740', 'end': '999.799', 'text': '[Applause]'}, {'start': '1000.320', 'end': '1005.600', 'text': 'Sadly, it seems that one of these'}, {'start': '1002.399', 'end': '1008.639', 'text': 'protests did turn deadly. The secretary'}, {'start': '1005.600', 'end': '1011.600', 'text': 'of Aayugua subdistrict in Shinshan'}, {'start': '1008.639', 'end': '1014.399', 'text': 'district in Guangdong province was'}, {'start': '1011.600', 'end': '1016.720', 'text': 'beaten to death by practitioners from an'}, {'start': '1014.399', 'end': '1019.680', 'text': 'island at the entrance of the subdist'}, {'start': '1016.720', 'end': '1021.519', 'text': 'office. another fatal incident. Now, a'}, {'start': '1019.680', 'end': '1024.400', 'text': 'lot of the reports around this incident'}, {'start': '1021.519', 'end': '1026.880', 'text': 'is suppressed by the CCP and the ones I'}, {'start': '1024.400', 'end': '1028.880', 'text': "could find were in Chinese. So, I'm"}, {'start': '1026.880', 'end': '1031.039', 'text': 'going off of Google Translate, so'}, {'start': '1028.880', 'end': '1033.199', 'text': 'forgive me if I mess something up, but'}, {'start': '1031.039', 'end': '1035.760', 'text': 'it seems based on my research, this was'}, {'start': '1033.199', 'end': '1039.120', 'text': 'relating to compensation that CCP was'}, {'start': '1035.760', 'end': '1041.919', 'text': 'supposed to give out toers whose houses'}, {'start': '1039.120', 'end': '1044.799', 'text': 'were demolished. But it seems that this'}, {'start': '1041.919', 'end': '1047.120', 'text': 'specific CCP official was involved in'}, {'start': '1044.799', 'end': '1049.600', 'text': 'silencing the petitioners and making'}, {'start': '1047.120', 'end': '1052.000', 'text': "sure they don't get paid. I'm guessing"}, {'start': '1049.600', 'end': '1054.799', 'text': 'some corruption was involved. So, one of'}, {'start': '1052.000', 'end': '1058.240', 'text': 'the angry petitioners waited outside the'}, {'start': '1054.799', 'end': '1060.000', 'text': 'office on April 17th and when he saw the'}, {'start': '1058.240', 'end': '1062.559', 'text': "official, that's when the incident"}, {'start': '1060.000', 'end': '1064.480', 'text': 'happened. Now, as shocking as this was,'}, {'start': '1062.559', 'end': '1067.280', 'text': "to me, this wasn't even the most"}, {'start': '1064.480', 'end': '1069.840', 'text': 'shocking part involving this beating. It'}, {'start': '1067.280', 'end': '1072.000', 'text': 'was the reaction that the public had.'}, {'start': '1069.840', 'end': '1074.559', 'text': 'According to an online YouTube report,'}, {'start': '1072.000', 'end': '1076.799', 'text': 'it seems that the Chinese citizens were'}, {'start': '1074.559', 'end': '1078.799', 'text': 'celebrating this beating, calling it'}, {'start': '1076.799', 'end': '1081.440', 'text': 'that it must have been the CCP official'}, {'start': '1078.799', 'end': '1083.840', 'text': 'who pushed this guy to his limits. And'}, {'start': '1081.440', 'end': '1086.480', 'text': 'the officials love making life hard for'}, {'start': '1083.840', 'end': '1089.039', 'text': 'the people. One comment even went as far'}, {'start': '1086.480', 'end': '1091.360', 'text': 'as to put the whole blame on the CCP,'}, {'start': '1089.039', 'end': '1094.400', 'text': 'saying that under economic hardship, the'}, {'start': '1091.360', 'end': '1096.880', 'text': "CCP's evildoing will spark public"}, {'start': '1094.400', 'end': '1099.120', 'text': 'retaliation. This is where I want to'}, {'start': '1096.880', 'end': '1101.240', 'text': 'talk about another stupid decision that'}, {'start': '1099.120', 'end': '1103.840', 'text': 'CCP has made since this trade war'}, {'start': '1101.240', 'end': '1106.240', 'text': 'started. One of my favorite story is Xi'}, {'start': '1103.840', 'end': '1108.720', 'text': 'Jinping banning Chinese airlines from'}, {'start': '1106.240', 'end': '1111.360', 'text': 'buying Boeing planes. All the while he'}, {'start': '1108.720', 'end': '1113.440', 'text': 'personally travels in Boeing planes.'}, {'start': '1111.360', 'end': '1115.200', 'text': "Well, she's answer that all these"}, {'start': '1113.440', 'end': '1117.919', 'text': 'Chinese airlines should be buying the'}, {'start': '1115.200', 'end': '1122.240', 'text': 'Chinese aircraft manufacturer Karmac and'}, {'start': '1117.919', 'end': '1124.880', 'text': 'its flagship model C919 a body jet.'}, {'start': '1122.240', 'end': '1126.320', 'text': 'Well, here I have a perfect reason why'}, {'start': '1124.880', 'end': '1129.760', 'text': "they don't buy from the Chinese"}, {'start': '1126.320', 'end': '1134.600', 'text': 'manufacturer. Here we have a Chinese 919'}, {'start': '1129.760', 'end': '1134.600', 'text': 'that literally fell into a farmland.'}, {'start': '1143.440', 'end': '1148.480', 'text': 'Maybe this is the reason why Xi Jinping'}, {'start': '1145.600', 'end': '1148.480', 'text': 'flies in a Boing.'}]