Could Evergrande’s Collapse TANK The Global Economy?
(creativedestructionmedia.com)
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I've read things that indicate that can happen. And if it isn't Evergrande, it may be the US government going into default if they don't raise the debt ceiling, and I'm not even sure raising the debt ceiling will keep things from imploding.
Raising the debt ceiling is just kicking the can down the road, delaying the inevitable...
The chickens are coming home to roost....
im no expert by no means, but i dont think so.
either the party is going to step in and pay the bills or china's market as a whole will recede.
plenty of big interests are gonna take a hit, but i dont think it will be nearly another 2008
big interests have invested in chinese markets, but its only a part of the portfolio
chinese markets are gonna suffer the most:
thats because how econ works: the value is discounted from, proportionally with risk.
now that i think of it may be the collapse of chinese markets, but in that case, the rest of the world would benefit from that (lose less than china)
so i think the party will step in
right now its just that the three parties are doing a mexican standoff style staring contest, but i bet the party will step in, it will be to protect the base of their power: stability.
I respect your optimism....
i mean... already 2008 showed hilarious shortcomings in fund management...
so yeah, some sure heeded the warning, but some were surely stupid enough to fall for this:
https://fortune.com/2019/08/23/ultra-long-century-bonds/
now the reason im optimistic, all economies are linked by virtue of having reserves in usd.
so if china falls, every country would suddenly become more rich. it would solve the issue of the inflation for one, china becoming a prime recipient of the usd, especially during or post-recession.
if usa falls, its fall will be slowed down or even prevented by the way the world economy is linked. the time other countries' levels of bureaucracy and political relations will finally allow a decision would be precious time to react, while in the present economic momentum.
if china pays up, that would be the worse solution i think because it would just continue the status quo
Wouldn't "printing" that many dollars cause a severe devaluation....
yes, but in the exchange with china the dollar would gain "artificial" value. (because everybody will want to get rid of the yuan itself, if the government is unreliable)
and because of the lower cost of production (made in china ftw), it would allow for a lower costs of sales
now that i think of if that was the plan all along its really genius.
creating a temporary wave of inflation, profit from it, and then wait for it do deflate by sinking china (but keeping the same figures in their bank accounts of course), then exploiting that country all over again...
would make sense for the recent globalist push...
have factories already there, just wait for the economical collapse.
nobody will touch those: for the chinese apples and nikes and such will be sacred cows source of salutary USD, america wont bother them too much, because its impossible to control the entities nowadays
the big winners. if thats what it is im mindblown
if thats what is gonna happen, china will fold, some big names will trip over themselves, but in the larger sense finances will be back to normal.
or so i think
You are making a lot of sense for someone who is "no expert"...
Compelling observations, concisely stated...
Thanks
There is much more to the subject than i know.
Figured this much, and its up for debate
A person's gut will tell them more than their brain will ever know....**
Debt ceiling claims are just another fear tactic....watch mark Levin explain it... great show
linkidink?
No, evergrande is what 600 billion? We're about to print 3.5 trillion this month.
Evergrande is only the tip of the "iceberg", but I understand your point....
Yes.
https://www.bitchute.com/video/7YZLMMwKBIYJ/
The demolitions are entertaining but the video is an excellent 6 min 18 sec overview of the incoming Chinese financial collapse.
From the video: China has 50 million homes (houses and mostly apartments and condos I expect) that were never sold and still stand empty. That's enough, the newsreader says, to house the entire populations of France, Germany, the UK, and Canada.
Central planning and corruption have created an unstable Frankenstein economy in China and it's about to fall. Many millions of people will lose their life savings when Evergrande and other companies go belly-up.
This Evergrande collapse is just the beginning and it won't stop at the Chinese border. We're in far worse shape than we were in 2007; a big crash is incoming and yes, Evergrande could (not "certainly will") be the pin that pops the bubble.
Clif High thinks so:
https://rumble.com/vn8g65-red-october-end-of-world-as-we-knew-it-clif-high.html