Yeah, the #us has to #choose between #debt #defaults or #inflation https://www.zerohedge.com/markets/death-.. The #us should let it ride, I think the #chinese #economy #crash will take attention away from an #american crash given the size of their problems - and the rest of the world would barely notice. They should use #china 's crash as a good excuse to #reset their own #economy ...
Looks like #us #congress will look to #bypass #democracy on the #decision to lift the #debt #ceiling and just print new #money https://www.axios.com/trillion-dollar-pl.. In this case, it will be a #trillion #dollar #platinum #coin with #arbitrary #value ... Fun! I'm sure *nothing* could possibly go wrong!
@barray on Tue Sep 28 01:59:49 UTC 2021 said: &eI agree with #zerohedge on this, the #ccp 's demise has begun thanks to #xi #ryan https://www.zerohedge.com/geopolitical/f.. They have traded everything to try and surpass #america - and now the #debt must be paid in full with interest. This is an *awful* time to #invest into the #chinese #economy ...Here's the thing, if #china 's #ccp is shutting down #manufacturing and the #production of goods based on #energy #power #generation issues - then how can they meet their #growth expectations? https://www.zerohedge.com/markets/goldma.. Add to that a #food #shortage , a failing #property #market , increased #nationalism , a push for #war with #taiwan - it's falling apart.
Interesting #article over on #zerohedge regarding the current situation in #china , specifically their weird-looking #economy https://www.zerohedge.com/geopolitical/w.. I suspect that this is not going away - their #debt #bubble is only increasing, not decreasing. There is no doubt that #xi and the #ccp will wrestle to remain in control, but suggesting they are in control? I'm not sure I follow this reasoning. The #property #market in #china is a massive #bubble that cannot be popped.
#china 's #ccp have started #arresting #ceo 's of large #debt ridden #companies on the grounds of "suspected" #crimes https://www.zerohedge.com/markets/chairm.. It looks like it will be worth keeping an eye on #hna and the people around it.
A note on why #china 's #ccp can't #bailout #evergrande without appearing #weak on their commitment to go hard on internal #debt https://carnegieendowment.org/chinafinan.. #bejing is really in a corner with this one.
Interesting #comment on #hackernews regarding #fundamental #misunderstandings about the #chinese #economy https://news.ycombinator.com/item?id=286.. Their #debt has been increasing at a rapid rate though as a result, and it's quite likely it will fall apart.
@barray on Fri Sep 24 00:26:55 UTC 2021 said: &eThe #evergrande story just keeps going - apparently they are about the #default on $18 #billion in #foreign #debt https://www.zerohedge.com/markets/evergr.. Apparently they will enter into a 30 day grace period and then shit gets real. Apparently the #chinese #government has been warning #locals to #prepare for #evergrande 's collapse.This #evergrande story just keeps blowing up - apparently the #founders of #evergrande #property apparently also setup #evergrandeauto - a company that has processed #billions of #dollars without ever selling a single #car https://www.zerohedge.com/markets/evergr.. They had done a bunch of #investor rounds as a way of generating #income and #inflating #stocks - very weird.
Closely watching the #shanghai #stockexchange - it's really not clear if #china will pull through this or not. They had a small #rebound today, but their #debt #crisis is not getting any better any time soon. There are still *massive* #debt problems that need to be addressed, almost the entire thing is rotten and I suspect they will use the healthy #companies good money to #bailout the shit companies, making a total #economic #collapse even worse. 2023 will be a shit show at this rate...
@barray on Mon Sep 20 18:43:14 UTC 2021 said: &eApparently 222% of #china 's #gdp #debt is from the #private non- #finacial sector... https://www.economist.com/leaders/2021/0.. No wonder #xijinping #ryan is taking over #companies - they are absolutely fucked. Looks like the #huarong #bank are also in the shit for a similar amount, making up 4% of the total #debt and #economy ... I suspect companies like #alibaba will be made to buy out these failing businesses...The problem with #china 's #evergrande #property #company is even worse that I thought: https://www.zerohedge.com/markets/goldma.. #chinese #debt is at 335% of #gdp - which will surely be worse once #covid is accounted for and #production continues to be stunted by the global #chipshortage ... Evergrande is also 2% of their entire #economy and a major internal #investment opportunity, as well as offering over 100k people #employment ! This is very big.
@barray on Mon Sep 20 17:48:58 UTC 2021 said: &eThe problem with #china 's #evergrande #property #company is even worse that I thought: https://www.zerohedge.com/markets/goldma.. #chinese #debt is at 335% of #gdp - which will surely be worse once #covid is accounted for and #production continues to be stunted by the global #chipshortage ... Evergrande is also 2% of their entire #economy and a major internal #investment opportunity, as well as offering over 100k people #employment ! This is very big.#china is in a lot of trouble over this #evergrande #property #investment https://www.reuters.com/world/china/chin.. There is no good way out of this for the #chinese - no amount of bullshitting will cover $305 billion in #liabilities - a mix between local Chinese investment and #foreign ... Perhaps they will #nationalise , but #investors will get screwed and foreign investors will get cold feet. If they buy the #debt they bleed their #economy anyway!
I've also seen a massive anti- #conservative pro- #labour movement on #socialmedia in the #uk https://www.lotuseaters.com/new-polling-.. People hate #taxes and seem to be under the impression that #kierstarmer can somehow make #debt go away and #money grow on trees...
I think #aardvark is 100% correct in saying we will be heavily #taxed soon: https://aardvark.co.nz/daily/2021/0909.s.. The #debt each Country has taken on *needs* to be paid with #interest ...
@barray on Thu Aug 19 01:46:23 UTC 2021 said: &eAlthough they will never admit it (to admit failure is to condemn #communism itself), it looks like #china 's #ccp is now #bailing their #banks https://www.zerohedge.com/markets/chinas.. As I said before, China bought up a tonne of the 2008 #financialcrisis #debt - and that delayed bomb is going to explode at some point. *It's almost all in #foreign #bonds debt.*Things must be bad - #china 's #ccp are *actually* implementing full-on #communism https://www.zerohedge.com/geopolitical/p.. Now #xijinping #ryan is talking about #wealth #redistribution - probably due to an #economy missing targets (although they won't admit it). He will soon realise why #marxism doesn't work too, people do not want to #invest into a system that #steals the fruits of their labour.