CCP Evergrande Is Officially In Default - Expected to Affect Western Markets Also
(halturnerradioshow.com)
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The 1st domino fell long ago. This thing is just starting to pick up speed. Hope you are prepared.
Locked and loaded, sir!
China has mega-cities full of completely empty high rise buildings that could house tens of Millions of people.
Taiwan has 24 Million people that will need to be relocated to China for reeducation after the CCP Military takes over Taiwan.
I see solutions where others see problems.
They crumble like Graham crackers tho. Not safe for living. Just a place to store investments.
I was just gonna mention this. I saw the videos of cheap construction and concrete "machete" if you will, crumble like crackers when it got wet.
They could be re-eded in-place. No need to transport to GULAGs
Hasn't Evergrande been "officially in default" since like last year?
They have been paying back China only investors but shafting western investors
They've been getting a pass to keep the bonds listed as defaulted, but Citibank who is a prime broker has finally declared that one of them is in default. This means that due to the clause in all their bonds that if one fails, they all fail, that all should be rated as defaulted, and no longer of use for use as leverage or collateral in the case of using margin.
That's what I thought as well...
Yeah, it's starting to sound like GME stock being "about to moon any day now, it HAS to happen, it's the law!"
Honestly we need to get the ball rolling. The shit is blocking up the shitter
ONE GIANT -----> COLON BLOW!!!!!!! WOWZA!!!
Huge!
Gimme my tendies šššššš
Problem with this theory is that evergrande is actually solvent, they have nearly a trillion dollars worth of land and buildings, meaning that even if they only sell their assets for 50% of their overall value, their debt will be paid in full.
This is a fun fantasy that Iām sure many of us want to see, but unlike tech firms that go under around the globe, most real estate firms that fail do so due to illiquidity, not insolvency.