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Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!

 
Vituperate
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09/30/2021 05:32 PM
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Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
[link to www.encouragingangels.org (secure)]


This could be the biggest story of the day, week, month and the year...if not the decade. Posting some quotes below. Evergrande is HUGE, HUGE and HUGE.

They owe $300 billion and can no longer make the interest payments on their debts. They are approximately 5-6 times the size of Lehman Brothers, which almost took down the entire worldwide financial system in 2008-09.

Evergrande's collapse can no longer be avoided anymore. With the collapse of this mega-firm, hundreds of Chinese real estate and financial companies will crash soon thereafter. The article says that Evergrande owes financial institutions ALL OVER THE WORLD.

This could easily result in a cascade of collapsing debt all the way down the line in every country on the planet.

This looks like...BOOM!

My question: Maybe I'm a bit jaded from so many years reading GLP, but since China controls Evergrande and, in the end, determines if Evergrande pays and how much money they pay and to whom: Is it crazy to consider that China has found a way to deliver the financial kill shot to the western world in the same way they used the plandemic to destroy our western bodies?

Here are some quotes:


Yesterday, according to a Reuters article: …’The company, reeling under a debt pile of $305 billion, was due on Wednesday to make a $47.5 million bond interest payment on its 9.5% March 2024 dollar bond, after having missed $83.5 million in coupon payments last Thursday.’…

Ok, so there is 131 million dollars in interest payments that Evergrande has not paid to foreign investors in the last six days. If they can’t pay their interest payments on time why would anyone think that they will get their money back when Evergrande bonds start to mature in March 2022?

Reuters also reported yesterday that Evergrande sold a $1.5 billion stake in a bank to repay a large lender to whom they owe $7 billion. Evergrande has debts of over $300 Billion.

Evergrande is 5 to 6 times the size of Lehman. It is entwined in the world financial system. It has missed its last two of its dollar-denominated interest payments in the previous week. It has -apparently- made good on only 10% of its current wealth management products domestically (inside China). How will it pay off the principle of the dollar denominated bonds that start to come due in just 6 months?


Last Edited by Vituperate on 09/30/2021 05:45 PM
"Chaos isn't a pit. Chaos is a ladder"--Littlefinger, Game of Thrones

“The meaning of life is that it stops.” — Franz Kafka
St. Pete Traveler

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09/30/2021 05:39 PM
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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
Great thread/article. 5 Stars
Lady Jane SmithModerator
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09/30/2021 05:42 PM

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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
Dominoes
Fate whispers to the warrior

"You cannot withstand the storm"

the warrior whispers back

"I am the storm"

INTJ-A

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Vituperate  (OP)

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09/30/2021 05:43 PM
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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
Great thread/article. 5 Stars
 Quoting: St. Pete Traveler


Thanks. I know financial stuff can go over some people's heads but they gotta know how critical this story is--the world financial markets are already WAYYYY over-blown. Something like this could hit world markets within a matter of days and take years/decades to come back.
"Chaos isn't a pit. Chaos is a ladder"--Littlefinger, Game of Thrones

“The meaning of life is that it stops.” — Franz Kafka
T-Man
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09/30/2021 05:43 PM

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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
I thought they got bailed out. :(
Lady Jane SmithModerator
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09/30/2021 05:44 PM

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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
Great thread/article. 5 Stars
 Quoting: St. Pete Traveler


Thanks. I know financial stuff can go over some people's heads but they gotta know how critical this story is--the world financial markets are already WAYYYY over-blown. Something like this could hit world markets within a matter of days and take years/decades to come back.
 Quoting: Vituperate


This could very easily be the trigger that sends financial shockwaves worldwide.
Fate whispers to the warrior

"You cannot withstand the storm"

the warrior whispers back

"I am the storm"

INTJ-A

Killer Bunny
Arnold Rothstein

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09/30/2021 05:45 PM
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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
Thread: China Won’t Be Taking Over The World
aka “the Brain”
StayCurious

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09/30/2021 05:46 PM
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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
Just in time for October. The real crash is here. Peter Schiff is going to love this.
4thhorseman

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09/30/2021 05:47 PM
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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
bump
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09/30/2021 05:48 PM
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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
China can't even keep their lights on anymore. They were living off of investments from the west for the last 20 years. Just like the rest of the world, it was one big bubble waiting to burst.

POP!

Last Edited by Florid Aman on 09/30/2021 05:51 PM
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09/30/2021 05:49 PM
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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
If it ends up causing even a few more defaults then yeah its gonna all come crashing down. china should just make the payments for now, hey its only 150 million, even some rich billionaires could pay it out of their own pocket.

It would only keep the charade going another month or 2, or however long they decide to support them. It really seems like this is gonna be a part of a huge financial collapse
Vituperate  (OP)

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09/30/2021 05:51 PM
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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
Just in time for October. The real crash is here. Peter Schiff is going to love this.
 Quoting: StayCurious


Agreed gold runs on financial fear and instability but damn, as a gold bug I can't tell you how many times the financial elites have crashed the gold price every time it begins to run up. Still a believer in the pretty metal though.

Last Edited by Vituperate on 09/30/2021 05:51 PM
"Chaos isn't a pit. Chaos is a ladder"--Littlefinger, Game of Thrones

“The meaning of life is that it stops.” — Franz Kafka
Zedakah

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09/30/2021 05:53 PM

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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
Blackrock and HSBC own the majority of their debt for anyone wondering.
Pythia

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09/30/2021 05:54 PM
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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
This isn’t exactly good news, this could push their war inclinations, nothing to lose...
Oracula Sibyllina
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09/30/2021 05:56 PM

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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
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09/30/2021 05:58 PM
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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
Dominoes
 Quoting: Lady Jane Smith


EXACTLY!!!

burnit
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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
HERE IZ WHUT IZ WHEIRD

CHINUH 'HAS' 1 TRIL. JUANZ

BUT, THEY WONT PAY TO KHEEL U.S. HAUL
muckuh
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09/30/2021 06:00 PM

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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
I mean we can print trillions to bail out everyone. Why can't China? 300 bil is chump change
beeches

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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
Evergreen - the tankers

Katniss Everdeen

Evergrande


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OGEBY

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09/30/2021 06:03 PM
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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
This isn’t exactly good news, this could push their war inclinations, nothing to lose...
 Quoting: Pythia


Conscious Revolution...



Do NOT partake in her sins...

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YeHoVaH is going to cut you down...Baruch Haba B'Shem YeHoVaH!!!



Happy Last, Great, and 8th Day of Chag Sukkot!!!

Shalom...

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Vituperate  (OP)

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09/30/2021 06:05 PM
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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
I mean we can print trillions to bail out everyone. Why can't China? 300 bil is chump change
 Quoting: Maddrummerboy


China is blowing up their ghost cities that were never occupied. Not sure they have the kind of money they need to bail this company out. Sure the 300 B might be possible but there is going to be new payments coming up shortly.

Besides, China collaborated with Fauci to hit their own country with Covid just to take us out. Why wouldn't they use Evergrande to also take out our financial stability?
"Chaos isn't a pit. Chaos is a ladder"--Littlefinger, Game of Thrones

“The meaning of life is that it stops.” — Franz Kafka
REaliZe

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09/30/2021 06:11 PM

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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
This is YUGE!

With a capital Y!

In fact, this has inspired me.

I’m going to celebrate the now-imminent fall of the global financial system by not paying my mortgage this month and buying one of those neat craft beer 4-packs!

Dead serious.

I mean, why should these fat cats get to have all the fun?

Some of those microbrew IPAs are really nice, too.

Hear, hear!

cheers
There's. A. H0le. In. The. Sky.
Remington

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09/30/2021 06:13 PM
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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
Renters living rent from for over a year. Landlords still have to make mortgage payments. Nothing bad can happen here.
"A man's rights rest in three boxes: the ballot box, the jury box, and the cartridge box."
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South Central

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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
What role does the illuminati play in this?
PureBlood100

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09/30/2021 06:13 PM

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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
This is YUGE!

With a capital Y!

In fact, this has inspired me.

I’m going to celebrate the now-imminent fall of the global financial system by not paying my mortgage this month and buying one of those neat craft beer 4-packs!

Dead serious.

I mean, why should these fat cats get to have all the fun?

Some of those microbrew IPAs are really nice, too.

Hear, hear!

cheers
 Quoting: REaliZe


Not even. China will just dump the $1.2 trillion in US treasuries. Bail them out big ole nothing burger. 300 billion is nothing
beeches

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09/30/2021 06:18 PM

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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
Thread: I sense an energy change.
Liberalism is totalitarianism with a human face – Thomas Sowell
Maddrummerboy

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09/30/2021 06:19 PM

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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
This is YUGE!

With a capital Y!

In fact, this has inspired me.

I’m going to celebrate the now-imminent fall of the global financial system by not paying my mortgage this month and buying one of those neat craft beer 4-packs!

Dead serious.

I mean, why should these fat cats get to have all the fun?

Some of those microbrew IPAs are really nice, too.

Hear, hear!

cheers
 Quoting: REaliZe


Not even. China will just dump the $1.2 trillion in US treasuries. Bail them out big ole nothing burger. 300 billion is nothing
 Quoting: PureBlood100


DOW to the mooooon!!!!

5a

Last Edited by Maddrummerboy on 09/30/2021 06:19 PM
Evil Lincoln

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09/30/2021 06:21 PM

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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
Doom
Something is coming. Guard your heart and watch the wind..
T. Twister

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09/30/2021 06:22 PM
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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
This isn’t exactly good news, this could push their war inclinations, nothing to lose...
 Quoting: Pythia







This is the exact GLP typical comment, idiotic speculation based on absolutely nothing but the grandiose hope that 'I really got something here;' that makes GLP exactly what it is.




overcap
Somnium

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09/30/2021 06:23 PM
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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
The economic powerhouse that is China is demanding that large, state sponsored companies buy up Evergrande’s stock and prop it up. Failing that, word is that China will take control of the company, nationalize it and cover the debt.

This is why no one is really panicking at this moment. The news IS grim but China would never allow one company to collapse their economy. They would sell off US Tbills as a last resort before allowing that to happen. Better the US dollar become worthless rather than billions of chinese people lose everything and turn on the government in rage.

Or maybe.. that is the plan all along? Use Evergrande as a specific reason why they are destroying the US dollar and send the US economy into free fall, then shrug their shoulders and say: “we had no other choice!” Meanwhile they move on Taiwan militarily while the US is too busy dealing with keeping order at home and trying to prop the dollar and markets from becoming one huge domino collapse. It would be a great strategy, but would be very dangerous to pull off without taking the world into another global war.
*Somnium*
T. Twister

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09/30/2021 06:23 PM
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Re: Turn Out The Lights, The Party’s Over-Evergrande misses a second dollar bond interest payment! Debts of $300 Billion! Boom!
This is YUGE!

With a capital Y!

In fact, this has inspired me.

I’m going to celebrate the now-imminent fall of the global financial system by not paying my mortgage this month and buying one of those neat craft beer 4-packs!

Dead serious.

I mean, why should these fat cats get to have all the fun?

Some of those microbrew IPAs are really nice, too.

Hear, hear!

cheers
 Quoting: REaliZe


Not even. China will just dump the $1.2 trillion in US treasuries. Bail them out big ole nothing burger. 300 billion is nothing
 Quoting: PureBlood100


Yep.

The more it's pumped, the less it is.





GLP