Mass Arrests Made at China’s Teetering Evergrande Property Giant | Chinese police descended upon the financial services arm of doomed property giant Evergrande on Saturday night, arresting numerous employees at the company’s Shenzhen offices, possibly including General Manager Du Liang.
... The Evergrande Group said that Du and a half-dozen other managers were “reprimanded” for cashing out their own investments and were ordered to return the money. ... Shares in the China Evergrande Group plunged by up to 25 percent in trading on Monday after the Shenzhen arrests were announced.
The CCP controls the economy, and the economy is tanking, things do not look good for Xi, and he will try to hold onto power somehow.
Things are about to get bumpy.
If I was Taiwan, I'd be watching this very closely.
The amount of money Evergrande is tied to is massive... remember, Globalists trade and deal with assets/liabilities on a global scale. Evergrande may not be THE domino to kick off the chain reaction we've come to expect... but it's certainly a big one.
Rumors swirling of another real estate giant worth nearly half a trillion defaulting on everything, not sure the name of the company was released yet, but buckle up.
In the meantime, stack silver and DRS GME!
Where are physical silver and GME apes at? 🫂
🍌🦍💎🙌🏼🚀🌝🪐🌌🤯💥
Here and zen.
Because it's Reddit and Reddit is a highly compromised platform. It used to be much better but a lot of shills have maneuvered into mod positions sadly.