The Chinese defaults are going to have a significant effect.... combined with high inflation, ridiculously high-priced infrastructure bill, natural gas shortages, supply chain breakdowns, employee walk outs.... looks like a storm is coming this holiday season.....
Evergrande is a result of the same type of corruption that has infected the US, but it’s not the same people. The Chinese people have the CCP ultra rich elites, we have communist European monarchy and silicone valley billionaire commies. Both are parasites that will do anything to retain control and wealth.
The CCP elites basically faked the transition of China into a first world nation and faked its middle class the last 20 years. They were so vain and so desperate and so impatient that they squeezed 100 years of organic growth into 20, propped up by building shit that didn’t need to be built.
30 fucking percent of their gross domestic product is tied to construction. 30 fucking percent. And even bigger percentage of the people’s wealth is held in the form of this property. 401ks are not how the Chinese build wealth or save resources, they do it with property. Hundreds of millions of people, more than our entire population, are relying on their property to feed themselves in the future.
Now the music is beginning to slow, and the great escape is beginning for the CCP elites. The cataclysm that is going to take place in China domestically is going to be a site to behold. Think about how fucking big the workforce and production of China is. The amount of shit they product internally. How many actual plumbers and roofers and steelworkers and concrete worked and truck drivers there are. How many plants produce supplies for the building and construction industry.
30% of the internal production is tied to a real estate market that built 120 million excess units that no one who has money wants to live in, and is too expensive to be afforded by the poor.
The more people try to sell these investments, the lower they will make the price, which will drive the prices down dramatically. They are losing all of that GDP from building this fake shit, and they are also going to lose all of the fake wealth they have built up in these investments.
The Chinese defaults are going to have a significant effect.... combined with high inflation, ridiculously high-priced infrastructure bill, natural gas shortages, supply chain breakdowns, employee walk outs.... looks like a storm is coming this holiday season.....
Out of darkness comes light
Out of chaos comes order
Evergrande is a result of the same type of corruption that has infected the US, but it’s not the same people. The Chinese people have the CCP ultra rich elites, we have communist European monarchy and silicone valley billionaire commies. Both are parasites that will do anything to retain control and wealth.
The CCP elites basically faked the transition of China into a first world nation and faked its middle class the last 20 years. They were so vain and so desperate and so impatient that they squeezed 100 years of organic growth into 20, propped up by building shit that didn’t need to be built.
30 fucking percent of their gross domestic product is tied to construction. 30 fucking percent. And even bigger percentage of the people’s wealth is held in the form of this property. 401ks are not how the Chinese build wealth or save resources, they do it with property. Hundreds of millions of people, more than our entire population, are relying on their property to feed themselves in the future.
Now the music is beginning to slow, and the great escape is beginning for the CCP elites. The cataclysm that is going to take place in China domestically is going to be a site to behold. Think about how fucking big the workforce and production of China is. The amount of shit they product internally. How many actual plumbers and roofers and steelworkers and concrete worked and truck drivers there are. How many plants produce supplies for the building and construction industry.
30% of the internal production is tied to a real estate market that built 120 million excess units that no one who has money wants to live in, and is too expensive to be afforded by the poor.
The more people try to sell these investments, the lower they will make the price, which will drive the prices down dramatically. They are losing all of that GDP from building this fake shit, and they are also going to lose all of the fake wealth they have built up in these investments.
They getting fucked so hard.