Evergrande and The Sinister Reason For China's "Ghost" Cities
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I worked in middle mgt for a Fortune 100 company for 29.9 years. I was there when we made the moves to Mexico, then Singapore, then into China etc. Many questioned the moves, however, it was sold as "in order to remain competitive". In other words, just like our parents told us not to do; "cause everyone else is doing it". We knew what was in the trade agreements, and it made zero sense, but we continued. Honestly, on a lot of it, by the time you added the inventory carrying costs, added freight, handling, quality issues and so forth, it was not cheaper. Think of this, despite this cheap labor, prices over the last 20 years have continued to escalate. Anyway, I've never seen this theory, but have often wondered what was behind these cities. This makes perfect sense based on my personal experience with these evil shits.
Yeah I never bought the idea that it was "cheap" labor. I think what they wanted was "slave" labor that they could mistreat and abuse, but couldn't run away. The problem is local citizens can sue you and might question what's actually going on in your factories.
Weird side note: We had a VP that was a really good guy. He fought back on the whole idea of buying from China. He had a brilliant young lady do a huge study, detailing the costs associated with the entire supply chain. He proved, with actual data, that is was not a savings. In fact, would cost us more. The leadership team then said it would improve when we reached further up the economies of scale curve, and we proceeded. It was pathetic. Has nothing to do with anything, just thought I'd throw that out there. :-)
So what is the sense of blowing up entire blocks of these ghost cities? That's the part I don't understand. If Evergrande is going bankrupt, you'd think that what little value would be in those concrete structures with their infrastructure. Why blow them up? https://greatawakening.win/p/13zfvXoLqd/the-china-evergrande-collapse850/c/
Because the investors who went in on the scheme are now screwed. The plan was to turn China into an urban super state. Many bet big on over 250 million people being forced into those buildings and off the fields. Now the investors have nothing but rubble.
If you go back to moves like Soylent Green they were always pushing for all the "little" people to be trapped in cities and not allowed near forests. Nature would be a luxury of the top 1%. China was going to be their first experiment in making this DS dream a reality. They had already carried out their genocide there and their one-child policy experiment. China was one big human lab to the DS. The next phase was crushing the rural people who had largely ignored one child policy and defied the DS. Rural people just live off grid. Many Chinese farmers live without even electricity (No tracking devices).
Blowing up those buildings means there is no hope of now of even local Chinese officials pressuring people into those buildings.
Hmmm.... ok, I'll mull on that for a bit, thanks.
That would indicate the good guys had something to do with that demolition. I wonder how they got the globalist collaborators to go along with it?
It’s probably more profitable to destroy the buildings and sell the scrap material than to just leave them up and maintain them. I don’t know about building codes in China, but I would suspect the CCP would require that those buildings are deemed safe and up to code even if nobody is inside.
If I’m on the right track I guess it boils down to: would you rather destroy the buildings, sell the scrap, and try and make something out of a bad situation? Or, pay to upkeep buildings that nobody will live in ever?
Just my guess!
Well, it's a good guess.... as good as any I suppose. I would think that simply doing nothing and walking away from the sites entirely would be the cheapest move. Well, whatever, the inscrutable Chinese do things that the West probably will never understand.
Haha you would definitely think that just leaving it would be cheaper, but you would have to pay an entire team to continually manage the logistics of it, upkeep, secure it, insure it, etc. especially a ghost city. It wont be long until people start raiding it and scrapping the goods themselves. You’re also never getting anyone to move in, so you have a depreciating asset on your hands right now while metal is high. Im thinking the analysts are saying their best bet is to cut the losses, avoid the risk, extract as much capital as possible and look towards the next fight.
I’m also not sure if China’s 70 year policy applies to these properties as well where the CCP takes back the “rights” to the land after 70 years, if so idk why these fucking retards would ever invest in land there other than to carry out their evil ass plan. Fucking heathens.
Damn good question and I have no idea. This was the first I've read of this theory on these cities. Makes sense, but the demolition is weird, unless it's to bring everyone's attention to the situation. Of course, I could say that for about 95% of everything I see today. It's all surreal.
I see an Insurance scheme being played out...
They couldn't get people into the buildings, so after much stupid expense, they found themselves between empty buildings and rebellious Farmers, with a gargantuan debt looming.....
Then as they were directly connected to Blackrock, and with those clowns buying up land in America, even more debt was created....
Now, they find themselves without Liquidity, but with massive amounts of Land, and they refused to stop spending like idiots, they find themselves hoarding Land, which they should've never bought, and now cannot sell without it being at a major financial loss....
So, what did they chose to DO?? Pass the Financial Debt to some Insurance company.... If you can find out which specific Ins. Co. is involved, I think we will see the beginnings of another False Insurance Scam, like what happened with the Twin Towers....
Here's the rub...
Evergrande is Insolvent, this WILL draw from any and ALL other companies connected to them.... That will make those other companies also Insolvent...
Then the Chinese Govt, in an attempt to stop the massive Financial Crash, will do everything possible to prop up those Companies, and it too will become Insolvent...
Look at U.S. Debt bubble of 2008, but BIGGER, like a thousand times bigger...
When the ripples of this finally hit the World Markets...
Well, use your imagination....
Absolutely plausible IMHO. I've read a bit concerning the potential ripple-effects of Evergrande's insolvency (in the last few hours, raining here!). I have no doubt, unless there is miracle play we can't see, this definitely has the potential to cripple the global markets, and do who knows what to currencies. This is going to be some crazy shit to watch. We all knew the markets would crash, the question was the trigger, in my mind. This appears to have that potential. I'm praying I (and my wife) can hold our heads and focus together through this. I have a feeling the specific situation could be the game changing event that propels us into the next escalating chapter in this movie. Take care Fren.
I’ve read that the CCP has no plans of bailing out Evergrande. They want them to fail to use than as an example of why private companies cannot be trusted and why the citizens should rely on the CCP.
I don’t know the details on whose decision it was to destroy the buildings, but maybe it is because the CCP wants Evergrande to fail as hard as possible so that more citizens have no choice but to rely on the CCP.
Now THIS sounds reasonable. I did read a couple of weeks ago that the CCP was beginning to ban capitalism in its many forms in China, along with much of western culture, effeminate men on TV, etc. You may be right about that.