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206
EVERGRANDE FACES DISSOLUTION TOMORROW. GLOBAL BANKS HOLD NEARLY $1 TRILLION IN #BONDS AND LOANS OF EVERGRANDE. IF BONDHOLDERS ON DEC 4TH DONT ACCEPT EG'S POOR SOLUTION, EG WILL BE FORMALLY DISSOLVED. ALL REMAINING ASSETS WILL BE SOLD OFF EN MASSE LEAVING AS LITTLE AS 0% TO 5% REPAYMENT TO DEBTORS😆 (twitter.com) 💥 BANK COLLAPSE 💥
posted 2 years ago by CoolAsACucumber 2 years ago by CoolAsACucumber +206 / -0
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▲ 15 ▼
– Tynyyn 15 points 2 years ago +15 / -0

Which bank is holding the lions share of this worthless company? Deutche Bank, Bank of England, wells Fargo? Which ever, I hope the deep state gets a close haircut. Bwaaahahaha

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▲ 9 ▼
– CoolAsACucumber [S] 9 points 2 years ago +9 / -0

Probably Deutsche, most if not all the foreign holders were European banks

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▲ 8 ▼
– ILoveIvermectin 8 points 2 years ago +8 / -0

Delayed till January

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▲ 3 ▼
– CoolAsACucumber [S] 3 points 2 years ago +3 / -0

Rats

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▲ 2 ▼
– ILoveIvermectin 2 points 2 years ago +2 / -0

Debit Suisse

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▲ 4 ▼
– deleted 4 points 2 years ago +4 / -0
▲ 1 ▼
– eagledriver 1 point 2 years ago +1 / -0

AND I do hope the "short hairs" in the nether region get a VERY CLOSE HAIRCUT!!!🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣😂😂😂😂😂😂😂😂😂😂

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▲ 14 ▼
– jhartz39 14 points 2 years ago +14 / -0

2 hours ago

China Evergrande liquidation hearing in Hong Kong court adjourned to January 29th

https://finance.yahoo.com/news/china-evergrande-seeks-adjournment-hong-014710945.html?fr=yhssrp_catchall

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▲ 4 ▼
– CoolAsACucumber [S] 4 points 2 years ago +4 / -0

Damn

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▲ 6 ▼
– jhartz39 6 points 2 years ago +6 / -0

I know right, I was hoping to watch the fireworks, the ever"grand finale"

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▲ 10 ▼
– GodLovingPatriot 10 points 2 years ago +10 / -0

Buy silver and dwac

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▲ 8 ▼
– Plantmedicine 8 points 2 years ago +8 / -0

BTC never left it just got cheaper and went on sale for a bit

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▲ 5 ▼
– quai24 5 points 2 years ago +5 / -0

Bitcoin is at the core of the plan, and way too many anons don't want to contend with that possibility.

Even though Flynn was giving us heads up back in 2015...

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▲ 8 ▼
– TheMAGAnificent 8 points 2 years ago +8 / -0

BTC is more trackable than you realize, and isn't safe. It's tied to the dollar and the market and has crashed multiple times, while being manipulated by billionaires like Bezos (who made tens of millions off of us), cartels, and governments.

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▲ 6 ▼
– Sonsonson 6 points 2 years ago +6 / -0

Yes, now imagine the government having to use a system like BTC in order to spend tax payer dollars. Finally we could audit these mfers. Let the people have freedom and cash but back it with a system like BTC that we can just print printer go burrrrrrrr spitting Ben Frank out. See if it works on Argentina and El Salvador because I bet it does.

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▲ 5 ▼
– quai24 5 points 2 years ago +5 / -0

Bitcoin is not tied to the dollar. It's value is measured in dollars, just like gold, but that is only because the dollar, for now, is still the world reserve asset. When the dollar goes to zero, bitcoin will stand on its own. At that point every other asset on the planet will be measured in terms of bitcoin, because it is objectively the hardest representation of work in existence.

And the fact that it is trackable is a benefit, not a drawback. Imagine if the public (anons) could track, on an incorruptible public ledger, every transaction that the government makes, and every sat that flowed into or out of the bank accounts of politicians and their families. Wasn't there a Q drop hinting at that idea?

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▲ 2 ▼
– AngryDwarfPaladin 2 points 2 years ago +2 / -0

If the gov is trackable on that scale - wouldn't we be?

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▲ 2 ▼
– MudFlood 2 points 2 years ago +2 / -0

This guy gets it.

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▲ 4 ▼
– ILoveIvermectin 4 points 2 years ago +4 / -0

Digital gold. It was inevitable

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▲ 1 ▼
– Plantmedicine 1 point 2 years ago +1 / -0

Decentralized Money. It was inevitable

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▲ 2 ▼
– ILoveIvermectin 2 points 2 years ago +2 / -0

Separation of money and state

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▲ 3 ▼
– CoolAsACucumber [S] 3 points 2 years ago +3 / -0

Look at Cardano. That is the where the money and freedom will be. Research the tech behind it and look at the pros and cons of all major Cryptos.

Lightning network has constant problems, a core Dev quit back in October after saying there was a fundamental flaw with lightning network.

Bitcoin scripts for NFT/dApps are pretty difficult from what I've heard.

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▲ 3 ▼
– ZerroDefex 3 points 2 years ago +3 / -0

I sold off my Cardano a couple years back when the devs where too busy doing feel good woke "charity" stuff rather than focusing on the product.

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▲ 1 ▼
– CoolAsACucumber [S] 1 point 2 years ago +1 / -0

What woke charity stuff? Devs for which project? Cardano has been working around the clock and still has some of the highest github activity.

There's also over 1000 projects building in the Cardano Ecosystem.

https://www.cardanocube.io/cardano-ecosystem-interactive-map

Weekly development report as of 2023-12-01

https://www.essentialcardano.io/development-update/weekly-development-report-as-of-2023-12-01

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▲ 2 ▼
– deleted 2 points 2 years ago +2 / -0
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– GodLovingPatriot 3 points 2 years ago +3 / -0

That too

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▲ 5 ▼
– l3tsgetit 5 points 2 years ago +5 / -0

GME not a bad option to stick it to the big banks. If you DRS your shares

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▲ 9 ▼
– Ssue1216 9 points 2 years ago +9 / -0

isnt this the 4th time EG was supposed to go under?

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▲ 7 ▼
– CoolAsACucumber [S] 7 points 2 years ago +7 / -0

They've already gone under but they haven't been liquidated yet. That is when realized losses take place.

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▲ 2 ▼
– ZerroDefex 2 points 2 years ago +2 / -0

Everdefault

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▲ 7 ▼
– Revodude 7 points 2 years ago +7 / -0

Many of the other key Chinese companies have bonds that are essentially worthless.

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▲ 4 ▼
– ILoveIvermectin 4 points 2 years ago +4 / -0

🦍☢️🚀

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▲ 2 ▼
– CoolAsACucumber [S] 2 points 2 years ago +2 / -0

Its not until that worthlessness is realized that shit really hits the fan.

Coming soon to a town near you.

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▲ 6 ▼
– Retaining_H2O 6 points 2 years ago +6 / -0

Keep in mind that extreme situations yield extreme results.

If China's economy spins into a severe recession, investors pulling out, families with savings in China wiped out, etc... the Chinese government has a BIG problem. A solution may be to GO TO WAR.

Taiwan will likely be the distraction China chooses. If their economy implodes in January and February, watch for war with Taiwan by May.

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▲ 3 ▼
– CoolAsACucumber [S] 3 points 2 years ago +3 / -0

They may be waiting for US Economy to implode which makes China taking Taiwan easier.

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▲ 1 ▼
– What-Me-Worry 1 point 2 years ago +1 / -0

Sooooo....... oBiden is probably drafting up a new executive order Military draft for all the green haired woke lefties studying tic-tok racism and gender fluidity makeup tips during their breaks at Starbucks.

Correct me if I'm wrong.

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▲ 1 ▼
– Marius 1 point 2 years ago +1 / -0

They will try to wait until the presidential election is near, but they may not be able to wait that long. Next year will be total chaos on several fronts!

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▲ 4 ▼
– DIAFhillary 4 points 2 years ago +4 / -0

It's groundhog day. Again.

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▲ 4 ▼
– ILoveIvermectin 4 points 2 years ago +4 / -0

Cue school bus never hitting that pole.

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▲ 4 ▼
– dextrous 4 points 2 years ago +4 / -0

Been delayed until Jan 29th

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▲ 4 ▼
– Corse46 4 points 2 years ago +4 / -0

Trading resumes after 17 months? D5 incoming

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▲ 4 ▼
– DMJT70 4 points 2 years ago +4 / -0

Didn’t they come close to collapse a few years ago? I remember reading about them defaulting and nearly being dissolved. It might have even been a year ago.

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▲ 1 ▼
– CoolAsACucumber [S] 1 point 2 years ago +1 / -0

Yes they collapsed awhile ago. Its just been delay after delay for liquidation.

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▲ 3 ▼
– GodBlessAmerica58 3 points 2 years ago +3 / -0

Thank God I don't invest in any Chinese anything, they need to return to isolation, they are bad actors.

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▲ 2 ▼
– PhDinNY 2 points 2 years ago +2 / -0

I'm glad I moved my retirement money to T-bills while all this nonsense is playing out :)

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▲ 1 ▼
– CoolAsACucumber [S] 1 point 2 years ago +1 / -0

Read this

https://greatawakening.win/p/17rmJXubkC/x/c/4Z7QYDaGyuK

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▲ 1 ▼
– PhDinNY 1 point 2 years ago +1 / -0

I don't know if anyone's money will be safe. If you have gold, how do you redeem it? Crypto - could be devalued. And of course, any bank money. I guess the best long-term solution would be to buy a self-sustaining farm, but not too many people can do that.

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▲ 1 ▼
– CoolAsACucumber [S] 1 point 2 years ago +1 / -0

"Crypto - could be devalued"

Not really. People have to vote on it and we'd see it a mile away if that happened. Learn more about open source software and how crypto works. Transaction validators have to use the latest version of the open source software for that specific blockchain in order to validate payments on it. Any changes would be seen immediately once changed and anyone can go and read exactly what was changed in the code through its version control.

Validators would have to adopt the new code in order for it to take effect. If one of the devs went rogue, the validators could just choose not to adopt that version of the code. You can't just devalue crypto that easily. A decentralized and high number independent validators is essential for this as well.

Gold and silver also have the problem of transportation and security costs to complete transactions over long distances.

Farms are great and I agree with you especially during hard times. In prosperous times farms aren't as wealthy but they are a pretty stable source of food and income.

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▲ 2 ▼
– Island_Photo 2 points 2 years ago +2 / -0

Are they the ones funding Tick too as well as Pelosi, Newscum, Mark as and Xiden?

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▲ 1 ▼
– CoolAsACucumber [S] 1 point 2 years ago +1 / -0

Idk but I wouldn't be surprised

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▲ 2 ▼
– frogface PRO 2 points 2 years ago +2 / -0

Investing in communism is a poor plan.

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▲ 2 ▼
– deleted 2 points 2 years ago +2 / -0
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– CoolAsACucumber [S] 2 points 2 years ago +2 / -0

Gold just hit all time highs.

Deflation is coming, I'm waiting for the banks to crash the stock market and gold/silver futures and therefore their price. That will be the last buying opportunity if there's any left.

Saw this today

Flashing Recession Indicator Unlike Any Other | Uneducated Economist

https://www.youtube.com/watch?v=ZWzksB-gbWk

Sahm's indicator is one to keep an eye on.

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▲ 3 ▼
– deleted 3 points 2 years ago +3 / -0
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– CoolAsACucumber [S] 3 points 2 years ago +3 / -0

There are too many derivatives and too much debt in the system. At some point soon if they don't print out more money, deflation happens big.

Study up on how previous reserve currencies, notable the Dutch, failed in the past.

Also when that reverse repo runs out around March (same as the BTLP), failure kicks into high gear big time.

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▲ 3 ▼
– deleted 3 points 2 years ago +3 / -0
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– CoolAsACucumber [S] 3 points 2 years ago +3 / -0

Also if you get a chance read The Great Taking. Free digital copy on site

Https://www.thegreattaking.com

Talks about the legal taking of all your securities in event of a systemic collapse through the Uniform Commercial. Written by a very skillful Hedge Fund Manager in the 90s and 2000s.

Documentary made by the author here:

https://www.youtube.com/watch?v=dk3AVceraTI


Archived Zip File of all references from "The Great Taking" minus [48], [27] (Video has been scrubbed) and [10] (Don't have an electronic copy of the '87 Book) https://files.catbox.moe/6pxbwr.zip

Full [48] is too big to be included in a catbox.moe link, It hasn't been scrubbed off YouTube yet. (October-19-2020) Cross-Border Payment -- A Vision for the Future | IMF https://www.youtube.com/watch?v=mVmKN4DSu3g


GREAT SUMMARIES OF THE BOOK

The Great Taking: The Banks' Sinister Secret Plan to Take Everything You Have! | Nobody Special Finance https://www.youtube.com/watch?v=bz-pfYA5B4k

Nobody Special Finance channel is pretty professional and gives a good summary. Intros are about 10 min.

"The Great Taking" by David Webb A detail explanation of the financial crisis preceding The Great Reset. | Parallel Systems https://www.youtube.com/watch?v=IIoGu692a64

You Already Own Nothing: "The Great Taking" with Parallel Mike | Parallel Systems https://www.youtube.com/watch?v=Mgshz_RCN9g


Source [4] or [5] citing Uniform Commercial Code (UCC) Article 8 and 9 as the legal right to take all of your security investments.

A link to the source is here https://archive.org/details/ec-clearing-questionnaire/page/19/mode/2up

U.c.c. - Article 8 - Investment Securities (1994) can be found here https://www.law.cornell.edu/ucc/8

U.c.c. - Article 9 - Secured Transactions (2010) can be found here https://www.law.cornell.edu/ucc/9


Extra research on David Rogers Webb - Author of "The Great Taking"

EXTRA-on-David-Rogers-Webb.zip 73.2 MB https://files.catbox.moe/24nvf2.zip

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▲ 2 ▼
– CoolAsACucumber [S] 2 points 2 years ago +2 / -0

I have been predicting for awhile I think gold and crypto will be sold off like in March 2020 from banks collapsing. Then most people will be afraid to buy either.

Reverse Repo empties + BTLP (possibly) ends in March -> Treasuries must be bought on the open market -> i assume govt keeps borrowing like they do now or more. -> Treasury yields spike dramatically -> more banks fail, having to sell more off -> causing treasury yields to rise causing bank contagion.

As Treasury yields rise, it's considered less risky and more money is sucked out of the economy into useless Govt debt. More businesses collapse because there is less money available for business loans.

Less taxes from businesses and unemployed means govt becomes less likely to pay debts with taxes. Treasury bonds are sold as a result causing yields to go up.

Derivatives pop from banks failing, collapses monetary system. US govt asks for loan from BIS and/or IMF who issues SDR or other basket of currencies in the form of a CBDC. Many central banks will be bailed out this way and given CBDCs. I believe this is their plan to introduce CBDCs. Suffering will be so high, people will be begging for anything as long as they can eat..

My initial theory of a smaller crash following a bigger one is running out of time. It'll likely become just one big and fast market crash. I think by the end of first week you won't be able to use bank account anymore.

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– deleted 2 points 2 years ago +2 / -0
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– deleted 1 point 2 years ago +1 / -0
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– deleted 1 point 2 years ago +1 / -0
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– CoolAsACucumber [S] 1 point 2 years ago +1 / -0

Every bull run happens 4 years, a few months AFTER the bitcoin halvening. So look at the end of 2024.

Also bitcoin has its own issues with smart contracts and lightning network though I still think it'll go up with other Cryptos next bull run.

Bitcoin Core Dev exposes Lightning Network flaw, departs project - "All your mempool are belong to us" https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2023-October/022032.html

List of Lightning Network technical issues, bugs, flaws, and exploits. https://github.com/davidshares/Lightning-Network


I would look into Cardano. They are literally solving every problem in the industry and are the most decentralized crypto in every metric.

  • Cardano can do smart contracts

  • their EUTXO transaction model isn't copyable by Ethereum

  • they got several programming languages for smart contracts

  • the blockchain and main language is in Haskell which emphasizes program safety

  • Its strong type system and control of side effects make it one of the best languages for complete auditing unlike Solidity.

There's much more like scalability, decentralization, governance, future roadmap, etc...

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