Would you look at that, #china has successfully #biased #trade with #african #nations https://www.zerohedge.com/geopolitical/c.. They then offer them #loans to #debt #trap them with their own #money . #predatory ...
#china 's #ccp have a *massive* #hidden #debt problem: https://www.zerohedge.com/economics/chin.. The central #government have pushed #localgovernment to take on #loans to pay for things since 2008, which will soon need to be repiad. The #interest on such a #loan will be insanely high, with them having to get another loan to just #repay the #interest .
It looks like the #ecb 's #euro will soon #collapse , because each of the #eu #members are borrowing against it: https://youtube.com/watch?v=W1II8rW4gNg They have their own #sovereign #debt plus the #ecb #debt . It might be #italy that breaks the #euro with the #ecb #buying a lot of their bad #debt .
I really *hate* that the #uk is being #abused at a #hotel for #albanians https://www.zerohedge.com/geopolitical/h.. I saw a #video earlier where somebody was running from their #market #debt in #albania , and came to the #uk as an #economic #migrant . Worse still, they will #claim #asylum ang get it, as some 80+% #migrants do.
The #uk is cutting #tax whilst increasing #rates , something that will be paid with #debt https://www.zerohedge.com/markets/bank-e.. Well, we're #screwed . The #british #pound will be below the #us #dollar soon unless something changes.
The #us #federal #reserve is looking to add even more #debt to their #bill , this time another $2.1 #trillion #dollars just in time for the #midterms https://www.zerohedge.com/markets/fed-ra.. At this rate #biden won't have any #competition as nobody will want the #job !
Lol what. #coffeezilla just #exposed #disrupt for trying to get his #viewers to #pay off his #debt https://youtube.com/watch?v=0WE_HZHHs1w The worst part is that even I was pretty drawn in by the #offer . #jack - the #owner of the #youtube channel #disrupt , also threw his #cofounder under the #bus ... This whole thing is weird, especially as I've enjoyed the #content for many years.
Hopefully the #uk #government and #police can put a dent in the #illegal #immigration across the #channel , where people get themselves into #debt and modern #slavery in order to get into the #uk https://www.zerohedge.com/political/40-a.. Of course others will take their place, but it's a good start in the right direction.
Huh, the #uk #government are looking to creating #multigenerational #mortgage #debt - what the fuck! https://www.independent.co.uk/news/uk/po.. This will *not* end well at all.
#srilanka is the first #country to stop making #debt #payments due to an increasingly likely #global #recession https://www.nbcnews.com/news/world/sri-l.. Time to #bunker down!
Things must be bad if the #democrats are #offering to #suspend #student #loan #debt *again* - they tend to do this as an #election #tactic https://www.zerohedge.com/political/whit.. Problem is, they *already* #promised it and didn't deliver on their #promise - people are very unlikely to be #tricked again.
#california is now allowing those who #refuse to get a #covid #vaccine back to #work https://www.zerohedge.com/political/cali.. It's a very simple #equation - they need these people to #work to pay off the #debt they racked up, they cannot afford to be picky. Be under no doubt, difficult times are ahead.
#pelosi wants to add even more #covid #aid in order to get her #bill #passed https://www.zerohedge.com/covid-19/pelos.. Is the #us not in enough #debt already? We're talking $6 #trillion here, these numbers are difficult to even comprehend. You're children's children's #children will be #burdened with this. It's too much.
The #chinese #property #market giant #evergrande is burning the remainder of its #liquid #assets just to pay off the #interest on their #debt https://www.zerohedge.com/markets/evergr.. I suspect that #china 's #ccp have them a tap on the shoulder to buy more #time whilst they try to address this mess. There is no way out of it. *Watch this space.*
Interesting, #china 's #evergrande made some kind of effort to #repay their #foreign #debt - specifically #us based #investors https://www.zerohedge.com/markets/evergr..
Apparently lifting the #debt #ceiling in the #us has only bought time until a #us #economy #crash ... https://www.zerohedge.com/markets/debt-c.. Perhaps they believe that if they can just get to #christmas - increased spending around the time will smooth things out. Problem is, we have massive #shipping #delays , #chip #shortages , #food shortages, etc. Christmas will likely be a flop.