China's 'Lehman Moment' - The Black Swan Has Landed: Evergrande Hires Bankruptcy Advisors As Furious Investors Protest Imminent Default

To understand what is going on you need to understand the chinese culture. I lived in China (nanjing). They are mostly atheists but believe me, they are superstitious as fuck. Right now they believe that they no longer have the "heaven mandate" or the approval of the karmic power and people are starting to understand this. This is not good news because it makes the CCP very dangerous and they will start a war to remain in power. When that happens, America is dead. No microchips = nothing. They know this which is why I suspect they will take over Taiwan. The west will collapse. China will rule with a tight iron hammer and only those they like will get chips.

They also reneged on their NWO pledge. They never meant to do it in full just enough to get to the top. Now the NWO no longer has China.

They may have saved us from the NWO but it will lead to total destruction.

Peace.

The Chicoms have definitely lost the "mandate of heaven." COVID started the ball rolling.

And China/Taiwan are not the only sources for computer chips. US, South Korea, and Japan will have to rapidly adjust their supply chains. We should be doing it already. An even bigger issue is Rare Earth Minerals where China controls 70% of the global market.

Rare earth elements aren’t actually rare, they’re just dirty to mine and a lot of previous sources shut down and we exported the pollution to China. Other sources elsewhere can re-open.

However the dynamics changed, perhaps too late for the CCP to put the genie back in the bottle......the growing middle class travels and is exposed to other cultures via social media regardless how tight the CCP controls it......they see and hear what's going on in Hong Kong......its not like controlling a bunch of peasants fresh from the fields like the old daze.....

Chinese tourism and purchases of luxury goods is very high......a quick search bears this out......the kids of the original middle class are extreme consumers.....when its taken away, there will be dissent.....

Nothing what's happening in China is without inspiration and knowledge of Communist Party. They must have initiated it for some reason.

China will use the invasion of Taiwan and war as a diversion from their domestic problems. Focus the sheep on an external enemy.

Gold and silver plummeted on the news, obviously

1 kilo gold bars are expected to be free by next week

By October, banks will be paying YOU to store precious metals

That's how worthless they are ;-)

The timing seems very engineered just like all the puppet leaders worldwide starting to get turned on by the people lately.

Maybe everything has to blow up all at the same time. This will definitely affect the supply chains coming from China.

Then add people dying en mass from the vax and possible volcanos earthquakes and asteroids.

Dark winter will be a ton of fun lol!

No gold did not plummet it went straight up dumb fuck

The person was joking. (The wink didn't give it away?) But it didn't go "straight up" either.

This could definitely be the first domino to "big things".

Gold and silver plummeted on the news, obviously

1 kilo gold bars are expected to be free by next week

By October, banks will be paying YOU to store precious metals

That's how worthless they are ;-)

china's bubble is popping. Real estate, stocks, and debt markets go boom. This is one more reason china is not the future. Your boob tube fooled you again. The bad news though, is this makes China very dangerous for other countries in the near term, as they will try to divert anger at the ccp to others through Sabre rattling or war. The ccp's goal is to maintain power, and it is slipping our of their hands.

The person was joking. (The wink didn't give it away?) But it didn't go "straight up" either.

This could definitely be the first domino to "big things".

Did someone already post about the literal, physical black swan that landed in China recently? It drew quite a crowd, which the police eventually discouraged and it was later caught and removed to prevent gawking onlookers.

This video discusses some other recent happenings which are interesting as well.



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china's bubble is popping. Real estate, stocks, and debt markets go boom. This is one more reason china is not the future. Your boob tube fooled you again. The bad news though, is this makes China very dangerous for other countries in the near term, as they will try to divert anger at the ccp to others through Sabre rattling or war. The ccp's goal is to maintain power, and it is slipping our of their hands.

And they own the majority of US Government Admistrators and Democrats.

I've heard similar things. The chinese economy is a bigger ponzi scheme than the U.S.

U.S. propaganda likes to paint China as gaining 'enemy number 1' for military industrial purposes, ala cold war, but China is already rotting from the inside.

Nothing what's happening in China is without inspiration and knowledge of Communist Party. They must have initiated it for some reason.

It took Evergrande less than a day to go from denying "rumors" of bankruptcy (as per a statement posted on its website earlier today), to confirming that a bankruptcy is imminent.

In a filing on the Hong Kong stock exchange on Tuesday, Evergrande which was busy trying to convince angry Chinese mobs that they will get their money and/or apartments and that it has no plans of default, the company all but conceded that a bankruptcy is imminent when it said it has hired notable bankruptcy advisors Houlihan Lokey and Admiralty Harbour Capital as joint FAs to "assess the firm’s capital structure", a well-known euphemism of "prepare to file for bankruptcy." And just so there was no doubt as to what is coming next, the company said if it’s unable to repay debts on time or get creditors to agree to extensions or alternative arrangements, it may lead to cross-default.

It quickly went downhill from there, with the company saying that it expects “significant continuing decline” in contract sales in September, resulting in “continuous deterioration” of cash collection, according to the statement. That will place “tremendous pressure” on the group’s cashflow and liquidity.

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