It's collapsing due to all of those real estate holdings in China that are collapsing....the buildings where they substituted plaster-of-paris and Cool Whip for concrete.
Thought maybe this was in relation to the 'ghost cities' that were being made and never used. Sounded like that gravy train had finally gone off the rails.
Not sure where they're getting that "5x bigger than Lehman" figure. Evergrande is half the size but the delta is almost the same- Lehman got liquidated with ~$735B in debt and $600B in assets, Evergrande is about $300B in debt with $200B in assets.
It's collapsing due to all of those real estate holdings in China that are collapsing....the buildings where they substituted plaster-of-paris and Cool Whip for concrete.
Thought maybe this was in relation to the 'ghost cities' that were being made and never used. Sounded like that gravy train had finally gone off the rails.
Sadly I agree. It's probably why Xiden rushed out to say he is creating a new Alliance with Australia and England.
War drums are beating and Taiwan is first on China's list.
"So whoever invested in Chyna aint never gettin that money back now. Woops, sowee."
All I could think of was "hyuh hyuh hyuh SORRREEEE!"
https://getyarn.io/yarn-clip/b4076c66-fd50-4a32-971b-ed49b5eebb31
Their staging ground for the great reset is built on sand. Shocker. They are out of time and they know it. This is why they’re desperate.
“These people are stupid.”
Anyone notice the evergrande logo kind of resembles a Q?
https://www.reuters.com/business/china-evergrande-bonds-suspended-prices-slump-2021-09-06/
Not sure where they're getting that "5x bigger than Lehman" figure. Evergrande is half the size but the delta is almost the same- Lehman got liquidated with ~$735B in debt and $600B in assets, Evergrande is about $300B in debt with $200B in assets.
So sorry.
Have a feeling US taxpayers will bail them out. I mean, we are the world's piggy bank
Not gonna happen, there's not enough gold in the crust that will bail out China
We're going to borrow $2T from China like Bush/Obama did?
Exactly. We borrow it, give it back to China and pay interest on it