Evergrande isn't the only Stock suspended, were in for an interesting week ahead
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I already made this into a post but it probably won't show up. So I'll paste the contents here:
As a person of Chinese heritage I think it's important to remember that the CCP does not follow any rulebook. The words "default", "debt", "liability", etc. don't really hold any meaning. So it would be a mistake to think that that a failed public company, in itself, is of any cause concern to the Chinese ruling class. Certainly they don't need to worry about any uprisings inside China. The CCP is actually more of a conglomerate of powerful families, each looking after their own interests. All these mega companies are ultimately controlled by different factions inside the CCP. The ultimate goal of anyone inside the CCP is to guarantee the security of their ill-gotten personal assets so they can be passed on to their descendants (all living in western countries). The overall condition of China's economy and outlook for its population is wholly and absolutely irrelevant.
The cynic in me would guess that companies like Evergrande have completed their role. That is, they have successfully, through corruption or coercion, tricked foreign investors and institutions (including your damn retirement fund) into pouring massive, stratospheric, amounts of USD into it for as long as possible. Using multiple layers of intermediaries, a large portion of the money would have already been laundered into real estate and other legitimate investments in western countries, thereby protected by the rule of law. This is the only way that CCP affiliated individuals can reliably hold onto their riches. Anything and everything they own inside China can be taken from them on a whim.
Hope this gives a bit of insight to what could be happening and the nature of the CCP. I personally don't believe their is a "white-hat" operation of any significance inside of China. The only way to truly deal with them is to investigate and seize assets that can be traced back to individuals linked to the CCP. Sadly, the vast majority would have been already legitimised through the very best legal and accounting firms, so even this is not all that actionable. Not with the amount of corruption we have been seeing in western governments. Money talks, and sometimes it does feel like all levels of government has been compromised. The only good thing to come out of this would be that in the future, people will be more sceptical about investing in Chinese companies. But you can bet they will just think up new ways to steal from you.
Excellent post. Don't get discouraged by lack of responses.
Wow, thank you for the insight!
Appreciate your insights.
Miles Guo predicted the Evergrande collapse 4 years ago.
He is a billionaire friend of Trump and Steve Bannon (he was a member of Mar-a-lago). He fled China and now lives in the US.
He's the founder of GNEWS. The website that leaked the Hunter Biden laptop vids. It's all connected.
Superstonk dug up this video weeks ago:
https://old.reddit.com/r/Superstonk/comments/poina0/guo_wengui_predicting_evergrande_downfall_4_years/
Wikipedia on Miles Guo: https://en.m.wikipedia.org/wiki/Guo_Wengui
You mean Hunter Biden...
Yes...that cunt
Thank you. Very informative. Seems we are like the CCP in more ways than I imagined.
Is the dam about ready to burst?
I know Evergrand is being bought out (51%) just not sure who. So that would be normal. What's weird is all these other companies at the same time.
100,000 holes… Robin Williams rolling in his grave for infinite free energy
"And we'll call it a stroke! Cuz every time you go whackin away, you think you'll feckin die!"
RIP, Williams.
That just gave me a "billions and billions" dollar smile!
Don't stop the fantasy thinking. You were on a roll.
Love it! And a 45-story driving range with a 17-story restaurant/bar, with 1776 employees . . . . . .
This suggests that DJT really had them on the ropes despite the face that they showed the world. I wonder though...After blowing up those half finished buildings they appear to have evergrande has destroyed a significant investment in hard assets, i wonder what that will do to property values? After all there was little liquidity for those assets unless it was a potential relocation site for a wuflu slip..
They ran out of money who paid who to blow up buildings... It makes no since.
"Running out of money" just meant that they don't have billions to spend. They still have millions.
Ok your going bankrupt why spend money to blow up buildings?
Property sells for much more if the new owner doesn't have to clean it up. I sold a house in another town once that was falling down. I didn't get much at all, because the buyer was going to have to remove everything down to the bare dirt and start over.
Ya but these were supposed new buildings, last I checked a new skyscraper should add some kind of value. Not like an old shitty house..
"The military is the only way" works for me.. 😁
Nah, Gen. Sum Ting Wong...
If I recall from the article: "they (evergrande) made the decision"... it could have been another arm of the corporate entity(managementco, or serviceco), or the ccp.
It occured to me that with a crash coming, perhaps they didn't want to leave a space for squatters to set up camp. But then, I don't imagine the CCP just let's the homeless (is that a thing in China?) Stake a claim wherever they want. I'm thinking Mandatory Mongolia . . .
I thought that was what the 3 trillion dollar 6uild 6ack 6etter bill was for.
Their asset manager got bought out, which isn’t as garbage as Evergrande and can be salvaged. Evergrande is fuk
Bought for pennies on the dollar, but all Evergrande tickers as well at those associated with Hopson Development (the buyer) were suspended until the deal is finalized.
Correct. Evergrande is not getting out of this mess.
It's already made the financial news. They defaulted on bonds today. They're done.
I don't get why the CCP aren't stepping in, it's a huge risk to destroy their country if the rumors of them being Lehman 2.0 is true.
...unless they want to crash the world econ. To cover up wuhan and western govs tyrannical management of a fake pandemic.
The CCP has three choices at this point...
Step in, try to save the companies connected to EverGrande, and risk becoming insolvent too.... Or Worst Case, exposing themselves as being almost insolvent to begin with, and then destroying the Entire Chinese Econ....
Don't step in, let it all crash, Watch how far reaching it becomes, then take the heat and Rioting, and blame for not doing something..... Possibly risking their own lives.... And yet, exposing themselves as being almost insolvent to begin with....
Start a War, any war, with anyone, kick in the War Machine to keep some semblance of Financial Solvency....
Take your pick....
Looks like Taiwan could be your #3 winner.
The Obvious Choice, is not always the correct choice...
China/ese, have a huge bone to pick with Japan....
One small FF blaming Japan, and as they promised, Massively nuked Japan, begins another WW.....
That would pull in, or SHOULD pull in the U.S., and China could still try to take Taiwan in the process.....
But yes, Taiwan is looking more and more like a main Target, especially now that it is reported that China has landed at Bahgram....
Have you ever played RISK??
The CCP probably don't have access to the American tax base anymore.
Which makes you wonder how strong their economy really is because why would they need American tax payers money to pay for their shit?
I was joking, but you never quite know anymore.
I belive they actually do. Their dollar value is based on exports and foreign equity. They have no real economy.
Heres a nifty article that touches on it better than I.
Commie tyrants dont need a functioning economy. Especially if no other functiong economy exsist to threghten it.
The goal has always been simultaneously collapse of the global economy so NWO can usher in communism.
A free market and wealthy populace threghtens tyranny.
Dude they defaulted on billions in bonds to overseas investors yesterday. "Stepping in" would require them paying that and the other bills coming due.
Yes, I know they defaulted. Losing control of their country is a huge risk to their power, 1.6 billion starving hungry is hard to control if their supply chain collapses.
I wonder if our “infrastructure bill” was supposed to pass to keep them solvent. But wonk wonk wonk
That makes me think of the Three Gorges Dam bursting to take the focus from the financial situation. Watch the water?
In all seriousness if that dam gives out we don't have to worry about China for at least a decade. The flood would wipe out 1/3 of the population and entire cities and crops.
The ripple effect on the global supply chain would be uncomfortable for a few years as well. Logically and strategically 3GD is way to important to blow up just for an effect but we are dealing with mad men who hate their own people so???
FTFY. We don't have to worry about China.
We can blow that dam up at will.
3GD is currently China's most consistent source of electricity so that's not likely to go unless China starts a war and somebody blows it up.
Or a false flag to start a war. Think a reverse Maddox situation
It's really hard to wage war without energy.
I just heard on one of my conservative talk shows recently, ( can’t remember which one) that the damn turbines aren’t even functioning at this point and the whole place has been gutted inside. They said it shifted a couple feet and you can see the change from satellite imagery. So sounds like it’s not producing electricity for anyone at this point.
If China really can't keep the lights on they're looking at mass starvation in their cities in a matter of weeks. The level of social unrest that will cause means their entire government and military apparatus will be busy with internal humanitarian and control efforts.
Taiwan isn't going to be invaded anytime soon.
yes and this stock stuff is pretty bad too
Just two more weeks!
About an hour ago I almost bought some GME @ $176. Been slumping. I’m hearing BUY BUY NOW??!! Any input?
I still hold a stack of xxx GME.
I sold off some of my GME back in June to leverage into my alt-coin crypto wallet, but I still believe in GME's potential to Moon.
I figure if anything else I can't lose money on GME. There is no way it is going bankrupt with its new management, rumors of a crypto gaming project, and e-commerce focus. Investing in GME in 2021 is like investing in a startup company with a billion dollar market cap.
TY. Yeah I got outta Stock Market in ‘16 and focused on Crypto trading. Just wanted to buy-in & asked what y’all thought?
GME is the only stock I hold at the moment.
Everything else is crypto. I don't trust the stock market after what r/Superstonk revealed about the nature of hedge funds and their parasitic market manipulation.
I believe what is happening in China will most certainly happen in the USA and other countries. We cannot disassemble the global Cabal without also crashing their financial system and toppling it to the ground. We must replace their entire corrupt system with our own, and I believe crypto will play a big part of that. The tokenization of stocks is already happening.
The future of all commerce is going to be tied in some way to crypto. I am fully on board with a new United States currency backed by gold and tied to a United States Digital Currency that is controlled by a public ledger that We the People own, and not the Central Banks, Federal Reserve, or Internal Revenue Service.
The bad mojo surrounding the prospects of digital currencies is all to do with said currency being tied to a central bank. That is what we do not want at all.
Agree. New article right now on Bank of Canada(?) advertising for a crypto manager...there’s banking involvement then there goes central bank separation. You’re right crypto needs to stay independent!!
Here’s all you need to know. This is the guy other than DFV that bought into GME heavily to stop the short bankruptcy of GameStop. It’s not going down. Their short positions aren’t closed, and they HAVE to buy those back eventually. You’ll be sorry once the stock hits 6+ digits.
https://imgur.com/a/M4ajbAq
Hedgies r fukt.
No idea, my brain isn't smooth like the guys and gals on the subreddits.
You REALLY think it’s gonna hit 6?! (Interesting read 👍🏽).
Theoretically it can go even higher. It only depends on how many people sell early.
I know for a fact that GME is a winning lottery ticket, I just don't know for how much or when I can redeem it. It will never drop significantly in value, not with the moves GameStop is making and especially not with so many people holding onto GME, only buying more, and never selling until the short squeeze occurs.
Roger that Fren...thanks for your input; greatly appreciated.
I like sharing because its a movement almost identical to Q. They are literally saying the same things like how this is a great awakening, that they are realizing the system is corrupt and gamed against them, but they finally guessed right in a company that was being heavily shorted due to COVID, and have finally won. Sounds pretty familiar to Q in almost every way, even down to the "we've already won, its just sit back and enjoy the show now, all you have to do is hold and watch them scurry to desperately cover everything up as they constantly get margin called and are paying interest on their negative positions."
You've seen the reverse repo rates that get posted here right? It coincides perfectly with the GME squeeze.
You know how BofA shut down and has been periodically boarding up and shutting down over the past year? Their biggest customer is Citadel, who is one of the large entities that shorted GME. BofA loans them money to work the market.
On top of all of this, if you're still skeptical of this theory that individuals hold more shares than technically exist, so the big entities cannot do their legally obligated buy back of the fake shorted shares that they flooded the market with, and are going to be forced to pay back at whatever price the individuals ask for...
Look up the reported shareholder vote participation in the last official shareholder meeting. Anyone can vote in it by linking their brokerage information, and stocks typically always get around 50% participation. AMC, the other stock besides GME that they guess was heavily shorted, reported 50%. So it seems like even if AMC was heavily shorted, they didn't own enough to make a short squeeze happen.
But GME got literally 100% vote. Obviously they can't report higher than 100%, but how do we know its higher? Only Americans and a few other countries are actually able to vote in the meeting due to their countries laws. Many people were adamant about not voting because they thought it was a trap somehow. So there were many GME shareholders that did not vote, yet the vote percentage of total shares of GME reported a 100% participation by their shareholders.
This only means one thing, that GME was indeed shorted heavily, and that retail (normal individuals) were actually able to buy enough shares to prevent those shorts from being bought back, and now all available shares plus many of the "fake" shares are owned and held by individuals demanding an extremely high price for them. They are legally obligated to buy them back once the price goes to a certain point, depending on where the price was at when they sold their fake shares that they have to buy back, since doing so technical makes their accounts have a negative balance until they buy it back. So they also have to pay interest on these negative balances. This is why they are borrowing like crazy ever since this happened. How long do you think they can keep it up? These are people who think they can never lose.
Doing anything fishy to absolve the fake shares and removing them from legal owners will completely destroy all global faith in the American markets, and the dollar would completely crash.
The only thing that can happen is the entities declare bankruptcy, and the obligation to buy back the short "fake" shares is passed on, eventually to the Fed themselves.
End of the Fed, you say? Maybe the crash of the dollar anyways? Even if so, the crash would mean GME is worth billions, and at that very brief critical point, the money will be everything in a transfer of wealth.
You stopped buying? I add more each time I get a little extra money. Direct register by buying through computershare or buy then transfer to them.
I quit Stock Market in ‘16 and focused on Crypto trading. Just wanted to buy-in & asked what y’all thought?
Buy some and hold it. No matter what. If they are truly short the > 1 billion shares like the digs have shown then you will be able to name your price.
Low risk, stupid high potential reward.
On it Tx 👍🏽
dude, if the banks collapse I can guarantee you they aren't going to be paying out $10k per share to cover GME lmao.
They won’t, but the DTCC insurance and Fed sure as fuck will. They print money any other time, so you think the gov would turn down trillions in capital gains?
The fed and current system is toast. Watch in awe as it implodes. Q drop: Game over. Nothing can Stop what is coming. Game Stop. Get it? This is a wealth transfer from the elite to the common folks by beating them at their own corrupt game.
I'm fully on board with the entire stock market collapsing. It's the entire point of covid. Gamestop is a small part of this plan. Insurance will pay you up to $250k of hyperinflated dollars, as they'll also be bailing out tens of millions of americans who lost their savings as the banks who owed you gamestop money collapse.
If you actually think you're going to be making millions per GME share, you've been had. The banks are evil incarnate and will not give you what you deserve. They will collapse and take you and every other innocent person who has money with them down with them.
I don’t really give a shit what you think. I’ve invested what I can afford to lose, so I won’t feel like victim one way or the other.
Government intervention is the only thing that can stop a squeeze pushing the price infinitely high at this point. The banks will have no control and where the fuck are you getting 250k? This isn’t FDIC insurance for bank accounts. This is the free market and if the US wants to retain customers (huge worldwide phenomenon) they will have no choice but to let the market dictate price. There is infinite loss potential when shorting stocks and when you are short greater than 10x the number of issued shares......shit is going to be insane.
You are spreading FUD. You may think you know what will happen based on past events, but I can assure you this is entirely virgin territory for something of this magnitude. Direct registration of shares will prevent them from issuing infinite numbers of naked shorts to drive the price down. Apes have figured this out and the dirty game is over. They are fucked. I would suggest buying some and watching what happens.
What do you think this entire Q operation is about? Letting the same evil do the same shit they have always done? Or do you believe the central banks and rigged financial markets are going down?
I prefer to believe the latter. You do you though.
Yes you're right.
It will be much much higher than $10k.
and you won't be paid for it lmao
Always time to buy+hold
👍🏽 TY.
Yes, fishing gear 😎👍🏽
Heck YOU WERE THERE when I flipped my canoe?!! Remember? Yeah you were...
Sweet, and TY Fren 💥☝🏼
Oh shit!
u/#what
I understand it's red October but must it be emphasized through red font? LOL
Lmao
Damnit. And just as I was about to go heavy long into China Bozza, Million Stars and Xinyang Maojian tomorrow morning. This may just ruin everything for me. 🤬
Sell and buy GME
We need some diggers on this!
What do we know about these other stocks and their ties to the Cabal / Deep State / CCP?
I heard that if Evergrand defaulted on its payment there was going to be a major ripple effect throughout the Chinese markets that could also affect overseas markets as well. We know how all interconnected this house of cards is.
Evergrande is the company that was in charge of making all those "ghost" cities in China. Reports of the ghost cities first appeared in 2007, but they didn't really ramp it up until June of 2012. Those ghost cities were sold to foreign globalist investors (cabal types) as something they should invest big in because the cities would eventually be filled with rural farms. The Agenda 21 plan was to forcefully move 100 million Chinese rural farmers into the cities and rip them off the farm lands (where they lived off grid and out of sight of China's surveillance state) by 2020 and then 250 million by 2021.
However, that never happened. It's 2021 and the majority of the ghosts cities remain unfilled. Evergrande is trying to build its way out of debt, but it can't. Foreign globalists investors are refusing to invest more and now watching in horror as they may lose billions in what turned out to be a horrible investment.
(If Agenda 21 had happened as planned they would have made $$$$, but now it's just a money pit).
Without constant cash infusion Evergrande will collapse. It's considered "too big too fail" and far worse than Lehman brothers. It owes to thousands and thousands of investors who will have to eat huge losses.
They weren't even shy about their plans:
https://edition.cnn.com/2016/05/24/asia/cnnphotos-china-mass-migration/index.html
The utter disregard the 5 year plan commies have of unintended consequences of a build now, die later plan is coming home to roost...
Thanks for the reply. I also heard that some of those cites were built for the families of the top echelon after the collapse - which would have happened had Killery won and their plan to destroy the West had gone into its final stages. The elite were going to relocate. Many had been teaching their kids Chinese in preparation for the move. Some of those ghost cities were built like American cities, not Chinese, with everything including movie theatres and American shopping malls complete with American food courts and signs all in English. If you did not know the place was in China, you would have thought it resembled any place in the US. The Chinese people were encouraged to invest in these cities thinking they were going to make their investment back in sales or rent from the Americans or other foreigners moving there after the Western collapse. When I tried to tell people about it they laughed and asked me where my tin hat was.
What people don't realize is that Chinese construction is sh*t. Many Chinese building projects don't even make it 5 years before they start to crumble due to poor materials and poor construction methods. A lot of the problem is caused by endemic corruption all the way down the food chain. The Chinese have a long history of corruption of public officials that has been made worse under the CCP. Everything looks good on paper, But, every official person in the process cuts corners in order to skim off their portion of a project. Everyone knows the skimming is taking place - it is expected. They all turn a blind eye - that is, until the CCP wants to take someone down, which is not hard to do considering everyone is corrupt.
There were a couple of Americans that were living in China that secretly filmed some of these places - at least the areas the Chinese allowed them to visit. They told the Chinese they were sight seeing and rode motorcycles in the countryside and had hidden cameras built into their helmets. I think they were there working as teachers of some kind. When they thought the Chinese were starting to look at them closer, they left China. This was right before the pandemic broke out and the heavy digital surveillance systems kicked in about three or four years ago. They filmed a lot of the substandard construction projects of the CCP.
Foreign investors that thought China was going to be the new US are in for a rude awakening. The Chinese culture and citizenry are not ready for that modern role. They grew too fast and the speed at which they have tried to become a major world player did not allow the rest of the country to catch up. Like the ghost cities that appeared solid, once the Chinese hood was popped for a closer inspection, they don't deliver as promised. I think this is one of the hickups of the NWO - China not ready for prime time.
I want my fucking tendies.
Hodlin
Another Bloomberg terminal user - never thought I'd see that on TGA
Interesting ticker..... Evergrande Property Services Group Limited (6666.HK)
...I wonder if Evergrande wishes they could Build Back Back Better with the rest of team JoePedo...🤔
Wow I’m getting 1993 Govt computer vibes.
Thank you for this post!
PANIC
RED October is gonna be in the RED alright.
For the market in general? No. The market WILL crash. This is just an indicator.
But Wallstreet needs to fail. It must be replaced by an honest and fair system. It's just another form of control and corruption in it's current form.
The rumor is GameStop is working on an NFT blockchain based stock system. That would cut all the banks and corruption out of the system. No phantom shares. No Naked shorts. Public and transparent without the need for middle man parties.
No one would abandon Walstreet's current system if it appeared to be working. But after a massive crash fueled by fraud and corruption from central banks and major players like Amazon trying to crush their competition using market manipulation through hedge funds..... that would be a great time to transition.
This is absolutely terrible. Think 2008 x100
But, but, the CDOs are still so damned profitable!! 🤔/s
And at the same time Chyna's military is flying into Bagram air base in Afghanistan. Interesting timing.
Should I sell everything?
If you've held aa stock for more than a year you won't pay short term cap gains taxes on it if you close your position. You can then re enter those positions at a lower price. I can't tell you what to do but I've closed out everything except GME. Also stocked up on physical silver and a bit of crypto.
If you don't have any GameStop though be sure and pick up at least a few shares. It's gonna be wild.
I bought 30 shares of RCL when it bombed to 30 a share. I was expecting it to make a rebound to where it was prior pandemic. Tripling my investment isn’t bad. Thinking about closing my position and investing it in GME.
And buy GME or silver. I think this is about the absolute peak of the market
A friends managed stocks usually bring in a couple grand a month. Most recent statement down $1,600. First time money was lost since they were set up several years ago.
Just spitballing here, but maybe tied to the Pandora Papers?
https://www.icij.org/investigations/pandora-papers/
The papers that only listed 2 US billionaires and ZERO US hedge funds, banks, or politicians?
Heavily redacted. At what price tho?