China says collapsing real estate giant EVERGRANDE overstated revenue by 78 billion.
(www.breitbart.com)
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Any thoughts on this compamy finally falling? This will surely be a large scale Boom when it goes.
I’ve been worried about being on top of this. I’m within months of the finish line. But over all, let’s get this nightmare rolling. I’m ready . F it.
Wheels are coming off in DC so I predict many tragedies in the news. Can’t let the people see behind the curtain.
Well expressed fren
There was a post about Evergrande going bankrupt seven or eight months ago. I was trying to find a video I'd watched about it a few weeks ago and found that post. Seems like a good refresher.
It’s gotten to the point that they can’t hide it anymore, which is concerning. The pace of bankruptcies and bank failures is going to pick up through the spring. The response will be to print more money to keep these big companies and the market (in general) standing. This will trigger massive inflation which will increase interest and add more stress to the system. The death spiral of the financial system will then accelerate even more. Their number one goal will be to keep the wheels on until after the November presidential election. I don’t think that they can do it. I expect their backup strategy will be to try to start WW3 to distract and blame for the collapse.