this post was submitted on 03 Dec 2023
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Yes it is a Ponzi scheme. People are putting money into something they aren’t getting. So the answer is no, you haven’t heard of Evergrande. If you think Evergrande is simply an “overbuild” situation then it’s clear you don’t know shit.
A ponzi scheme is a specific type of scam. Not every mismanaged bankruptcy is a ponzi scheme.
Mismanaged? ROFL you are clueless. Suck chinas dick much?
Dude that has nothing to do with liking or not liking China, nothing even to do with whether you think an over- vs. under-supply of housing is a better outcome. You just don’t understand what a Ponzi scheme is.