The real estate crises in China push the global crisis.

The real estate crisis in China is getting worse, the crisis that reaches a level where they are already censoring even more all the data that people share on social networks on the subject, that is not surprising knowing that they are talking about China.

We are talking about a tremendous mortgage banking crisis that has led Chinese citizens to declare that they do not want to continue paying their mortgages on assets that are in the process of being built.

We are already in a crisis of tremendous inflation, falling stock markets, inflation at its historical limits, meaning that this crisis in China can only push the entire world economy further into the abyss.

Imagine that in a country like China where there is not much freedom, and they also have a social credit system, where anything that a person does out of the ordinary, which the regime does not expect, lowers their credit, this creates problems in its serious economy.

But a huge number of people are beginning to declare that they are not going to pay their mortgages, that would be tremendous for their social credit, but the government, in order to alleviate this crisis, even declared that they are not going to touch their social credit because they are getting a little scared of that effect.

Previously, the big construction companies sold real estate on paper, that is, they raised a fortune and then they began to build, then the citizens went to a bank and took out a mortgage to buy a property, on paper, that is, that did not yet exist. Well, the construction companies sold a lot of projects on paper and then they built, but they didn't necessarily complete the projects on time.

This has been going on for years in China, due to the global crisis caused by housing, property prices have dropped by 20% more or less compared to the last three years, then citizens realized that they did a bad deal because they took out mortgages of 100 thousand for their homes and their property is already worth 80 and later it will be worth 50 and even less.

So they are stopping paying the mortgage, because the construction companies have not continued building either, so there is a crisis on both sides.

Add the creation of fictitious money through mortgages, this process is stopping because they realize that it would be a lousy business because when buying a good if it is going to drop by 50% in a year or two or less then everything stops .

In summary, on the one hand, we have tremendous damage to construction companies because they stop selling and they are the engine of the entire economy and that is called a recession. With a recession, a lot of people lose their jobs because those same construction companies have to fire all the employees and then all the suppliers that provided the raw material stop selling, so we see how that immediately generates a global recession.