Buckle up Anons. China’s Evergrande has defaulted. This effects their economy, Asia’s, and $130 billion or more of the US economy. If this collapses the world economy as it’s been said, this is one of those final Red Lines.
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They've got blackmail on nearly every millionaire and billionaire on earth. They have likely been burning through all of their blackmail accounts just to stay afloat. Their economy was already on the frits leading into 2019. COVID was their answer to their economic troubles. Trump put pressure on them that they didn't expect. They thought Hillary was going to give them an easy ride for another decade. Now that COVID is falling apart, they haven't got long. As soon as they run out of benefactor cash to fuel their economy, its game over.
That's a good point, bc the EOs are seizing the assets of the blackmailees. So they can't pay up. Interesting.
Good question. We shall see I guess Anon.
Maybe Biden can bail them out; he can invent some money and the American people can just pay it off later. Only local businesses are supposed to die in the 2020's, not big ones.