Evergrande has defaulted!
(media.greatawakening.win)
Comments (19)
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LFG!!!
I am no date fag but the timing happening today is significant.
Put on the motherloving KABOOOMBOOOM flair, baby. F* Chyna, chyna is asshoe.
SINGAPORE/HONG KONG, Nov 11 (Reuters) - Cash-strapped developer China Evergrande Group once again averted a destabilising default with a last minute bond payment but the reprieve did little to alleviate strains in the country's wider property sector.
Now, I have zero info on this, but is it possible Reuters is owned partly or fully by China?
That's the curtain opening up. Let the show begin.
Reuters is claiming they avoided the default.
https://archive.ph/hpBeO
But it is possible this info is not accurate.
I don’t think they avoided default. Being propped up by media.
Significance? Is this the company that owned the ship stuck in the suez?
Nope. But there have been a lot of "Evers" lately. Ever Given, Evergreen, and Evergrande.
Evergrande is a real estate Ponzi.
I was thinking the same thing. 'Ever' seems to be popular.
Look some more, I see tons of articles stating they dodged default once more. I don't think that actually happened YET.
Can someone explain what this means for us, good or bad?
Buy Chinese plastic crap now while you can. Supplies may not be replenished any time soon. :)
I think it might be that a real estate/financial collapse in China could spread throughout the world's financial systems. Clif High says the systems are going to fail soon, and we should make alternate arrangements.
Lots of American banks and investment firms are going to lose their investments in Chinese companies. Our stock market is going to crash. Hedge against that with silver, gme and amc.
Do not hold cash. Trade cash for silver as quickly as you get it. Take out loans if you can and buy silver with it.
Not financial advice!
u/#Pepenuke