Apparently #alexjones has #declared #bankruptcy https://www.zerohedge.com/political/alex.. For some reason, he has been #sued for $2 #billion #dollars (so far), more than the #gdp of small Countries! This, for an #opinion . How can they claim they have #experienced this scale of #damages is beyond me. #alexjones didn't actually #shootup a #school - not even the #muderer was #punished this much.
Lol, #india believe they are #owed more in #reparations than the entire #gdp of the #uk , for an amount of $45 #trillion #dollars https://youtube.com/watch?v=mRf15294KK4 The #math is broken and the #money doesn't actually exist. The #tax was #invested back into #india . The #british #colonization of #india was a net negative, it was not #profitable . Worse still, the #uk then #paid at a loss to end #slavery #worldwide . Absolute madness.
You know shit is bad in the #uk why the #office of #national #statistics say things like "look past #gdp and think about #climate ": https://blog.ons.gov.uk/2022/05/12/looki.. We won't be able to enjoy a better climate if our Country does not #survive #economically .
And there you have it, this #greatreset #climatechange goal for #netzero will require double the current world's #gdp https://www.zerohedge.com/markets/janet-.. This does look like a massive #wealth #transfer project... This will most definitely be raised via #tax and go to very specific people.
Keeping an eye on the #shanghai #stock #exchange today, I really expect to see a #drop over the day. #china have had multiple #bond #defaults and will most definitely miss there #gdp targets, possibly even experiencing a #shrink for the first time in a long time. I really suspect it will #shock the #market ... We will see the result soon.
Oh shit, #china 's #ccp is definitely going to miss #gdp #growth targets: https://www.zerohedge.com/commodities/ch.. Their #coal #mines just got seriously #flooded at a time when they desperately needed more #coal - which is 30% of #china 's entire #supply ... #coal #futures have rocketed in response. This will be bad...
Ouch, so it appears that #china 's #property #market is set to #collapse - which given it represents 1/3 of the entirety of #china 's #gdp (probably more given how #assets are tied into one another), it could see a #economic #crash of #biblical proportions: https://www.zerohedge.com/markets/catast.. Keep an eye on the #shanghai #stock #exchange with me over the next few weeks...
@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!