Tag: economics
CHINA: The Evergrande collapse
‘I have nothing left to live for’: Evergrande meeting descends into chaos as investor pulls knife and threatens to kill herself
“I don’t want the interest on my investment, I just want my money back. So here’s what I have to say to you. If Evergrande Wealth doesn’t give me my money today, I’ll kill myself right here,” she told the staff. “If this isn’t handled today, I’ll die right here, right in front of you. My retirement savings are all in that investment. I have nothing left to live for.”
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Davos, central banks, the Great Reset and how climate change is being used to install World Govt. Essential background for understanding covid authoritarianism and why they are indoctrinating kids
China’s grid is failing…
Kyle Bass: “What the world sees is US weakness”
It’s important to see through the recent moves by the US and China. When John Kerry returned from China in April and Sept with nothing to show for,he was told by his interlocutors that China would not engage in climate talks without the US releasing Meng from her criminal 1/4
Charges…and demanded that the US cease the genocidal human rights call-outs at the UN and other high-profile places. So what did the Biden administration do? They released Meng, didn’t even mention China as a gross human rights abuser in his UN speech, and had Commerce 2/4
Publicly announce that the US is looking to STRENGTHEN our trade ties with China. In exchange, xi himself publicly proclaimed that the Chinese would no longer build or finance coal mining projects outside of China (whew!). It’s now clear as day that 3/4
The Biden administration is now trading Human Rights and National Security Criminal Prosecutions for ridiculous climate pledges China gives today but doesn’t have to fulfill for decades. Guess who will win these ‘negotiations’? What the world sees is US weakness. @KevinPGallagher
Originally tweeted by 🇺🇸Kyle Bass🇺🇸 (@Jkylebass) on September 25, 2021.
“I’m embarrassed that this kind of propaganda is taken seriously by anyone. First of all, China has a closed capital account and a false exchange rate (imagine where the RMB would be priced under a free-floating and open regime). Secondly, by dramatically under-reporting”: Kyle Bass
China will become world's largest economy in early 2030s, surpassing US – a look at @TheEIU projections for US 🇺🇸, China 🇨🇳, India 🇮🇳 and Japan 🇯🇵 paints striking picture of global economic reshuffling by 2050
Originally tweeted by Agathe Demarais (@AgatheDemarais) on September 23, 2021.
Chinese inflation data, the CCP government has conjured up a PPP number that appears to rival the US. To the untrained eye, this kind of disinformation can be spread globally. This analysis by @AgatheDemarais won’t age well once analytical integrity is employed. #China #Fiction
Originally tweeted by 🇺🇸Kyle Bass🇺🇸 (@Jkylebass) on September 23, 2021.
Navarro on how to stop stagflation
.@RealPNavarro tells @CortesSteve if the Republicans can hold firm over the next 60 days they can break the back of this inflationary expectations.
.@RealPNavarro tells @CortesSteve we need a reparations for the CCP virus.
Continue reading “Navarro on how to stop stagflation”Your credit score may soon depend on your web history
In the not-too-distant future, your internet habits could help determine how much house you can buy and the rate on your next auto loan.
Sounds ridiculous? Right now, your credit score — that three-digit number that tells lenders how responsible you are — is based on simple financial information, like your payment history and debt level.
But research posted to the International Monetary Fund (IMF) website suggests companies will soon be looking at a lot more data to get an accurate picture of the risk you pose as a borrower.
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We must develop laws and means to secure our data as our own and let no one else have it without our permission. See this for a way to do that using blockchain: Incorruptible data and medical tyranny. The ideas in the linked piece can also be applied to browser and all other personal digital data. This is a good time to reconfigure our system to make it freer, more efficient, and more private. Crises throughout our major institutions reveal where the problems are and how to fix them. A chief problem is corruption and authoritarian control from the top down in so many agencies, plus regulatory capture. We’re smart enough to fix that. ABN
Get ready for a banking crisis in China & HK
Stagflation looks just like this
Where Did All The People Go?
Why are companies all over the world suddenly desperate for workers? In my entire life I have never seen anything like this. When the labor shortage started in the United States, a lot of people blamed overly generous government handouts, but that doesn’t explain why the exact same thing is happening in nation after nation all over the globe. There aren’t enough factory workers, there aren’t enough truck drivers, there aren’t enough port workers, there aren’t enough employees to properly staff our stores, and the shortage of doctors and nurses is becoming a major crisis in some areas. During normal times, we were always told that the global economy was not producing nearly enough jobs for everyone, but now for the very first time we are facing an enormous worldwide labor shortage. It is almost as if millions upon millions of people suddenly disappeared from the system.
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China Evergrande is not ‘too big to fail’, says Global Times editor
HONG KONG, Sept 17 (Reuters) – The editor-in-chief of state-backed Chinese newspaper Global Times warned debt-ridden property giant Evergrande Group (3333.HK) that it should not bet on a government bailout on the assumption that it is “too big to fail”.
It was the first commentary to appear in state-backed media casting doubt on a government bailout for the country’s No.2 property developer, whose shares fell on Friday for the fifth consecutive day amid concerns it is heading for default.
Evergrande is scrambling to raise funds to pay its many lenders and suppliers and investors, with regulators warning its $305 billion of liabilities could spark broader risks to the country’s financial system if not stabilised. read more
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Kyle Bass on Evergrande: “Good luck to the westerners holding this bag of crap”
Gordon Chang: “China may be able to avoid uncontrolled crash with Evergrande”
Chang also says, “Cut all commercial and financial ties with #China. Why should we go down the tubes with #Evergrande?” and “How can #China meet all its commitments when its economy is not growing and its debt crisis—think #Evergrande—is hitting the regime hard? #XiJinping must be thinking that if he does not act soon he will not be able to act at all. That means he can lash out and surprise us.” and General #Milley, with his October and January phone calls, emboldened #China’s regime and thereby made the world so much more dangerous.”
If you want the bottom line on China, Gordon Chang is the man to go to. His Twitter acct. ABN
American Buddhist Net 