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 💥
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
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.