For those who aren't aware, if you ever have money tied up in a company going bankrupt, it will likely be lost. Bankruptcy allows a company to restructure its assets and debt. Your cash is their asset. If the judge in the bankruptcy court decides they do not owe shareholders, your money is gone while execs and holders of preferred stock get to cash out.
There are cabal controlled banks and US investment firms holding a lot of Evergrande stock.
It means there are serious problems, if not a shutdown itself, with Evergrande. It's the second largest property developer in China. If it collapses, the housing market and other fields of business connected to it all will crumble down. This includes banks and contracts and whatnot that Evergrande has money tied to.
In other words, there will be global economical impacts on multiple fronts.
Shadow banks are heavily invested in it. Germany won't admit it, but Germany is knee-deep in China's debt. Germany is China's number one customer. No wonder Merkel is leaving.
Not just that but a huge ripple that might rattle across the world with all that might be connected to Evergrande! I don’t think only China will feel the repercussions!!
If this takes down one or two big banks, the whole system will collapse. They are all connected! Derivatives alone are into the many many trillions at multiples of the US national debt. It’s a powder keg.
You are probably right but it could be any news that can move the price.
The news could be that the government will cover all debts and Evergrande is completely debt free.
I would not bet on that but the point is there is pending news coming. We do not know what the news is.
The 15 unfinished apartment towers that were destroyed the other day was a spectacular video, but realize it was a total lack of money to finish them off.. Commie 5 year plans permeate the "capitalistic" urges of the elite classes, leaving much to fail, like the 3GD, in the all too real world of unintended consequences....
20 years of building empty cities using debt, then selling the cities to investors who also purchase them using debt, on a scale that hard for Americans to quantify, is finally blowing up.
Construction/real estate is 15% of China GDP. And it’s all just vapor.
China is in the process of reversing the last 20 years of progress they made developing a middle class. They may have more people than the entire population of the US losing all of their investment and retirement money. Right now. This month.
What does this mean? Asking because I'm retarded
"It means buckle your seatbelt Dorothy, because Kansas is going bye-bye."
Thanks for sharing your insight.
For those who aren't aware, if you ever have money tied up in a company going bankrupt, it will likely be lost. Bankruptcy allows a company to restructure its assets and debt. Your cash is their asset. If the judge in the bankruptcy court decides they do not owe shareholders, your money is gone while execs and holders of preferred stock get to cash out.
There are cabal controlled banks and US investment firms holding a lot of Evergrande stock.
Shareholders are "owners" of the company. In bankruptcy the companies have to pay off or restructure all debt before the "owners" get anything.
Blackrock fell another 20 today. It's beautiful.
Steve Bannon was warning people months ago that doing business with China was going to burn them. I think he saw this coming.
Interesting. Unsarcastically thank you for sharing
It means there are serious problems, if not a shutdown itself, with Evergrande. It's the second largest property developer in China. If it collapses, the housing market and other fields of business connected to it all will crumble down. This includes banks and contracts and whatnot that Evergrande has money tied to.
In other words, there will be global economical impacts on multiple fronts.
Shadow banks are heavily invested in it. Germany won't admit it, but Germany is knee-deep in China's debt. Germany is China's number one customer. No wonder Merkel is leaving.
Sure it's not the US?
Not just that but a huge ripple that might rattle across the world with all that might be connected to Evergrande! I don’t think only China will feel the repercussions!!
If this takes down one or two big banks, the whole system will collapse. They are all connected! Derivatives alone are into the many many trillions at multiples of the US national debt. It’s a powder keg.
I wonder if they want to tank evergrande to give cover to tank the US markets too. All the videos we seen so far looks so...dare I say it... fake
You are probably right but it could be any news that can move the price. The news could be that the government will cover all debts and Evergrande is completely debt free.
I would not bet on that but the point is there is pending news coming. We do not know what the news is.
The 15 unfinished apartment towers that were destroyed the other day was a spectacular video, but realize it was a total lack of money to finish them off.. Commie 5 year plans permeate the "capitalistic" urges of the elite classes, leaving much to fail, like the 3GD, in the all too real world of unintended consequences....
And it's also going to get cleaner.
20 years of building empty cities using debt, then selling the cities to investors who also purchase them using debt, on a scale that hard for Americans to quantify, is finally blowing up.
Construction/real estate is 15% of China GDP. And it’s all just vapor.
China is in the process of reversing the last 20 years of progress they made developing a middle class. They may have more people than the entire population of the US losing all of their investment and retirement money. Right now. This month.
This shit is fucking crazy.