‼️ CEO of Evergrand resigns… This is kind of a big deal, right??
(twitter.com)
🤡 Send Away the Clowns 🌎
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China's financial system is collapsing in real time.
I've been keeping up with how China's investments and housing system works, and let me tell you, they are all types of fucked.
There is a bank run going on, and banks have used every tactic under the sun to stop people from taking out their money (and the CCP supports them doing it)
The people are outright saying they don't care about their social credit scores and the consequences, if they can't get their money to afford food.
and this is already on top of the hundreds of other scandals currently hitting them (like the fact they have trillions of double printed money to pay for bribes, or the massive amount of buildings with severe foundational problems)
We should all prepare for the fallout from this.
Not to mention our 401k retirement programs are probably connected.
I genuinely worry about all the current and soon-to-be retirees, and the elderly that are barely scraping by on Social Security.
I understand the reason behind, “it had to be this way,” but so so many good, hardworking people will truly suffer 😞
THIS is exactly what worries me right now. We have only been retired for about 4 years, and what little nest egg we had is going down fast. Soc Sec won't sustain us if food prices, medicine, and utilities continue to increase like they are.
I'm planning or at least hoping to retire in 3 years when I can draw ss, but with what's looming, I may have to keep going. Ugh. I really wanted to spend time with grandchildren before they get to teenage years.
My Dad is 63 years old. He's worked since he was a teenager in a really demanding physical job. He's sick, his body has been wrecked, he's exhausted, and all he really wants is to be able to finally relax. He's more than earned it. Literally, he's worked since he was 14 years old. That's insane.
Retirement just isn't an option. It never was, but it especially isn't now. We've been check-to-check all my life, and it's only getting worse.
We're already at the 'sacrificing food for bills stage'. I'm terrified of it getting worse than this. We're going to lose everything.
I will get to have the last laugh to my wife for never putting a cent into 401k
CCP supports...the banks, I assume?
Yes,
Many of those affected were lured with out right false advertising, promising them bank accounts that were safe and risk free, some with interest rates as high as 4%.
The reality was that many of them were opened as "investment" accounts, meaning they arent covered by any financial protection laws that covers regular bank accounts.
When people started protesting, all the CCP had to offer was "make sure you read all the terms, research the institution, and make sure you arent opening a false account" even tho for many of these companies, it was impossible to find out this info (or the fact many consumers only used the web side of things)
The CCP has sided with the banks on this, and only recently offered any sort of "compensation", that being around 7k USD, when many had life savings in the 6 figures in these banks.
The CCP is globalist/cabal controlled, it's not organic, so yes, they will attempt to protect the legacy banking system, but they will fail and BRICS will replace the Rothschild debt slavery system. It's already started.
Fuck BRICS. if you would put your faith in Africans, Chinese, Putin, India and Brazil (5 of the shittiest most corrupt poverty stricken 3rd world shitholes on the planet) then i have a bridge to sell you
I don't think you realise what is happening in the world. The characteristics you quote are part of the world that BRICS is rejecting.
The USA as it is today will be replaced by a re-established Republic that might also include Canada and perhaps South America.
The USA will be an active and successful part of the BRICS framework - it will have to be or it will die from isolation, The worm has turned friend.
Good luck with your bridge sales.
China? That's a funny way of spelling "The World." It's almost like shadows can't escape the light much longer.
For crypto going up or down..?
Buy Silver, Gold and GME 💕
and DWAC
Down like everything else but will rise up faster. Have some extra money to buy in when blood is in the streets.
At this point the USD will not survive the short term.
Crypto is at a 2-3 year low. If you were ever going to buy into crypto, now is the time.
Example. In Christmas of 2020 i bought Algo at .31 and Atom/Cosmo at 7-8$. I then unloaded Algo at 1.81 and Atom at 38$.
They are now back down to those prices. And both return 5+ APR just holding them. Even if the price goes up zero, you get 5% apr back. Find me any bank on the planet that will give you that.
Coinbase has a godamn visa now, and instant cash out. There is no downside. Just pay attention.
What's the play? Buy crypto. Investment companies are snapping up every home here?
Gold and silver are the play. You can hold it in your hand and have something when the power goes out... and take it to any pawn shop anywhere and convert it into whatever currency is en vogue. It's worth as much as anything else used as currency could be. Crypto? Fine for pocket money or just to have some but if there's a power or net outage... you're f'd.
Bingo!
The sheer scale of the outage needed to bring it down would have more disastrous consequences that we would need to deal with
Short sell (buy puts) against banks. I shorted Blackrock today and am already profitable. Shorting Goldman Sachs would be a good play too.
an easy way to go short financials it to just buy FAZ
Crypto is a decent haven if you buy legitimate coins like BTC, ETH, etc. In the stock market you can weather the storm in inverse ETF's like UVIX & UVXY. Both those ETF's measure the volatility of the market (VIX). Currently the VIX is at 23 where is should realistically be much higher with all the stuff going on around the world. I personally do have money in UVIX right now.