We still don't know what the exposure to the US market is. I think there are a few ETFs that had Evergrande bonds and will get crushed, but that'll barely register a ripple on the surface. Most of that shit is private offering, not in people's 401Ks or accessible to retail investors.
Really complex instruments like Total Return Swaps on Evergande bonds (which are possibly in use by big 5 banks and almost definitely by the likes of Blackrock and Bridgewater) are completely opaque, so we may not know for another 30-60 days how deep the shit is that they're in.
If BW gets fucked, no big loss. Not gonna kill the market. Blackrock is big enough to withstand some pretty heavy losses, but might need to dump some assets- which could ripple either the stock market (don't worry, J-POW will just buy the bad bonds in a repurchase authorization to keep it from sinking and call it QE) or the real estate market (which could be really good, deflating prices back towards normal).
I’m shocked they were able to keep their scam running for so long. For years they have been building entire cities on borrowed money; then “selling” the condos and apartments to people who borrow more money to buy them. The amount of excess housing was in the 8 figures at one point, most of the inventory being sold was for investment purposes, not for people to live in.
It’s hard to figure out how they have managed to pull this off for so long. Makes me think that somehow the US taxpayer has been supporting China and backstopping their currency. Wouldn’t surprise me if 10 trillion of our national debt was actually embezzled into China, with our leaders getting a 20% kickback on everything they hand over.
It doesn’t seem possible to successfully game your economy so completely for so long without outside injections of cash. And it does seem completely possible that our own politicians gave it to them.
So I remember back during Clinton days a Chinese general getting "caught" printing fake $100 and the ccp swore they didn't know what this "rogue" General was doing now I said back then its makes sense to kill our dollar and was laughed at now I'm wondering...
Luckily for us we have the gold
What happens when ours and theirs collapse? Are we just trying to see who can hold out longer?
X22Report is very focused on this. I am certain Dave will cover this. In addition to talking about your health.
We still don't know what the exposure to the US market is. I think there are a few ETFs that had Evergrande bonds and will get crushed, but that'll barely register a ripple on the surface. Most of that shit is private offering, not in people's 401Ks or accessible to retail investors.
Really complex instruments like Total Return Swaps on Evergande bonds (which are possibly in use by big 5 banks and almost definitely by the likes of Blackrock and Bridgewater) are completely opaque, so we may not know for another 30-60 days how deep the shit is that they're in.
If BW gets fucked, no big loss. Not gonna kill the market. Blackrock is big enough to withstand some pretty heavy losses, but might need to dump some assets- which could ripple either the stock market (don't worry, J-POW will just buy the bad bonds in a repurchase authorization to keep it from sinking and call it QE) or the real estate market (which could be really good, deflating prices back towards normal).
Good honest management skills shown when you have a company $300 billion in debt
I’m shocked they were able to keep their scam running for so long. For years they have been building entire cities on borrowed money; then “selling” the condos and apartments to people who borrow more money to buy them. The amount of excess housing was in the 8 figures at one point, most of the inventory being sold was for investment purposes, not for people to live in.
It’s hard to figure out how they have managed to pull this off for so long. Makes me think that somehow the US taxpayer has been supporting China and backstopping their currency. Wouldn’t surprise me if 10 trillion of our national debt was actually embezzled into China, with our leaders getting a 20% kickback on everything they hand over.
It doesn’t seem possible to successfully game your economy so completely for so long without outside injections of cash. And it does seem completely possible that our own politicians gave it to them.
So I remember back during Clinton days a Chinese general getting "caught" printing fake $100 and the ccp swore they didn't know what this "rogue" General was doing now I said back then its makes sense to kill our dollar and was laughed at now I'm wondering...