https://news.yahoo.com/nothing-left-live-evergrande-meeting-174442622.html
The situation on the ground contradicts the reassuring headlines in the US. Evergrande is about to topple and start a chain reaction around the world. Blackrock will be significantly affected.
Before I ever read a Q post, I had concluded it was Trump's protectionist trade policy toward China that triggered the bribed/controlled Democrats and MSM to spaz out and desperately try to impeach him. I now see there were other reasons, but the China policy is still a main one. Evergrande is proof.
Now those policies -- along with anemic supply chains and shutting down illegal income streams from human trafficking and other criminal enterprises -- have resulted in cashflow problems for China. Their aggressive hoarding of real estate and loans has left them asset heavy and cash poor. This is what happened to Lehman Brothers in 2008. If you can imagine cash as the oil in an engine, China's engine is dry and the pistons are locking up.
This, I theorize, was one of the purposes behind the ridiculous $3.5 trillion infrastructure bill. You have to think of infrastructure bills and "stimulus" bills these days as Democrat slush funds. The money is never accounted after it changes hands. As Trump called out before he left office, the covid stimulus sent billions overseas to China and Pakistan. It's likely the infrastructure bill was going to give China the cashflow to get their engine unlocked.
Then consider how an authoritarian regime relies on state corporatism for its economy. In this economic model, insolvency of your largest corporations can leave the state with cashflow problems as well. It'll be interesting to see how woke our corporations and sports will be at after that. Also, when a despotic state has little cash, they eventually will have trouble paying their military. When the military eventually does not get paid, they coup your despotic ass.
China grew accustomed to spending our money that the Cabal had been helping them get for decades. They began to feel entitled to that money. Friends, imagine the sheer horror when Trump was elected and they were informed, with no room for confusion, that they old arrangements were no longer going to be upheld. China already had big plans for the money that the next 4 years at least were to bring them.
The old arrangements were no longer going to be held in place...This is the same type of meeting that the Pope got and he couldn't hide the fact that his feelings were hurt while Trump grinned ear to ear. It wasn't supposed to be like this for any of them.
The horror that set in for China? The had already spent based what the old deals in place were. Why wouldn't they, it was a sure thing that Hilary was going to win, right? LOL. "We need Covid on deck, STAT!"
Before the election last year Pelosi mentioned several times that China would prefer that Joe win. I'm sure they would. Like I, or any of you, give a fuck what China wants. The deal had already been changed.