Evergrande bankruptcy is WAY bigger than what happened here in 2008 with the Lehman Brothers fiasco that tanked our markets. China is mostly propped up by their real estate business, once that goes, so does their economy. The people of China are basically getting robbed by their country, and they were revolting...China wants nothing to do with ungovernable citizens, hence lockdowns for control.
And how does putting people into house arrest help? That's the point not being made anywhere in the writing. Are they trying to stop riots before they start?
I'm not going off of what this specific article is saying. A few weeks ago, there were many articles and videos being posted by Chinese citizens storming the banks and trying to get their money out, but they were all locked out and turned away. They did start protesting, but was shutdown because of a "covid breakout" days later, lockdowns began.
They are using the same covid excuse to weaponize it against the populous. They have been prepping the same narrative here in the US the last couple of weeks, I'd expect something major to happen financially here too. Look at the stock market as it currently sits...it's prime to collapse. Only outlier is how much longer can they prop it up with market manipulations. It seems to be getting much more difficult for them. Superstonk has some very good DD writeups that's been keeping track, and they don't even realize it 100% yet.
in china, grocery stores are empty, banks won't give you money, and jobs and roads have been shut down. If you walk outside and try to go anywhere or complain to anybody they try to force you back to your home before the special police comes to take you away for 'putting people in danger' this is despite the people in question are just begging for access to food or water or be allowed to goto work. "how is this for anyone's safety, you are telling me to go die, what is my grandmother or anyones parents supposed to do? they are homebound and have no access to medical care or supplies, no one can even go take care of them, they are dying" is the rough translation of the incident i saw. responces to the video indicated the translation was basically correct even if crude, i'm paraphrasing myself so dont quote me for specific detailes
Same. I'm somewhat curious what is special about 2024/2025, at least according to this article, that necessitates these lockdowns until those dates. What is supposed to happen then that will alleviate these measures?
Can anyone give a condensed summary of how its financial?
Evergrande bankruptcy is WAY bigger than what happened here in 2008 with the Lehman Brothers fiasco that tanked our markets. China is mostly propped up by their real estate business, once that goes, so does their economy. The people of China are basically getting robbed by their country, and they were revolting...China wants nothing to do with ungovernable citizens, hence lockdowns for control.
And how does putting people into house arrest help? That's the point not being made anywhere in the writing. Are they trying to stop riots before they start?
I'm not going off of what this specific article is saying. A few weeks ago, there were many articles and videos being posted by Chinese citizens storming the banks and trying to get their money out, but they were all locked out and turned away. They did start protesting, but was shutdown because of a "covid breakout" days later, lockdowns began.
They are using the same covid excuse to weaponize it against the populous. They have been prepping the same narrative here in the US the last couple of weeks, I'd expect something major to happen financially here too. Look at the stock market as it currently sits...it's prime to collapse. Only outlier is how much longer can they prop it up with market manipulations. It seems to be getting much more difficult for them. Superstonk has some very good DD writeups that's been keeping track, and they don't even realize it 100% yet.
Still no answer though as to why it's happening in only one city.
in china, grocery stores are empty, banks won't give you money, and jobs and roads have been shut down. If you walk outside and try to go anywhere or complain to anybody they try to force you back to your home before the special police comes to take you away for 'putting people in danger' this is despite the people in question are just begging for access to food or water or be allowed to goto work. "how is this for anyone's safety, you are telling me to go die, what is my grandmother or anyones parents supposed to do? they are homebound and have no access to medical care or supplies, no one can even go take care of them, they are dying" is the rough translation of the incident i saw. responces to the video indicated the translation was basically correct even if crude, i'm paraphrasing myself so dont quote me for specific detailes
Yes please as I read the editorial and I still don't know what the fuck he's rambling on about.
Same. I'm somewhat curious what is special about 2024/2025, at least according to this article, that necessitates these lockdowns until those dates. What is supposed to happen then that will alleviate these measures?
Hundreds of ships stuck in Shanghai Harbor with no one to unload or load which will severely impact our supply chains in the coming weeks.