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.
I personally don't believe their is a "white-hat" operation of any significance inside of China.
Oof. Recollect Xi inviting Trump, a foreigner, to dine in the Forbidden City. Unheard of. Reconcile that with the swords dance Trump was treated to by Saudia Arabia early 2017, and the purge of Al-Waleed by the Crown Prince Nov 2017.
Xi grew up in a cave. Do you believe his ban of Whinnie the Pooh in 2017 was in response to a 4 year old meme, or symbolic of not welcoming Clowns into China anymore?
Very insightful - thank you fren! I am happy to have no stock - all of our investment dollars are dedicated to family real estate and soon to some precious metals. It's clear to me that crashing the global economy is the only play left in their playbook, aside from continuing or accelerating the plandemic hoax - or launching a real one. WWG1WGA
Thank you for all those insights.
We always think everyone is playing by the same rules that we have been indoctrinated with.
That's how we end up so clueless.
Seems that all you do is call Americans uneducated morons who unilaterally don't understand the politics outside of America. I'm sure you're an expert on Australian politics, Asian politics, and the politics of every other region on the planet. Maybe you could share some of this deep wisdom with us instead of calling us idiots every chance you get? Or would that require you to actually know what you're talking about instead of just shilling over how dumb we all are?
I think what princess may be getting at is that we continue to be surprised that Asian politics is rampant in communism and we shouldn't be surprised that communism implodes every economy it touches anytime you shake a stick at it. Is that right magaprincess? Or are we too stupid to understand the principles of enslaving your people for the betterment of a select few at the top?
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.
Oof. Recollect Xi inviting Trump, a foreigner, to dine in the Forbidden City. Unheard of. Reconcile that with the swords dance Trump was treated to by Saudia Arabia early 2017, and the purge of Al-Waleed by the Crown Prince Nov 2017.
Xi grew up in a cave. Do you believe his ban of Whinnie the Pooh in 2017 was in response to a 4 year old meme, or symbolic of not welcoming Clowns into China anymore?
Very insightful - thank you fren! I am happy to have no stock - all of our investment dollars are dedicated to family real estate and soon to some precious metals. It's clear to me that crashing the global economy is the only play left in their playbook, aside from continuing or accelerating the plandemic hoax - or launching a real one. WWG1WGA
Thank you for all those insights. We always think everyone is playing by the same rules that we have been indoctrinated with. That's how we end up so clueless.
Great post. We have it all.
I agree. I wish Americans would stop with the Xi is a White Hat stuff. They have no idea about Asian politics or the Asian mindset.
Seems that all you do is call Americans uneducated morons who unilaterally don't understand the politics outside of America. I'm sure you're an expert on Australian politics, Asian politics, and the politics of every other region on the planet. Maybe you could share some of this deep wisdom with us instead of calling us idiots every chance you get? Or would that require you to actually know what you're talking about instead of just shilling over how dumb we all are?
I think what princess may be getting at is that we continue to be surprised that Asian politics is rampant in communism and we shouldn't be surprised that communism implodes every economy it touches anytime you shake a stick at it. Is that right magaprincess? Or are we too stupid to understand the principles of enslaving your people for the betterment of a select few at the top?