Ouch, the #turkish #lira is #crashing hard with them now digging into #foreign #investor 's #money https://www.zerohedge.com/markets/after-.. This will only end badly. You're looking at a completely #stalled #economy when you start playing such games.
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.
@barray on Tue Aug 03 20:50:52 UTC 2021 said: &eThis is on top of #china 's #ccp robbing #us #investor #funds - specifically #pensions for at least $400 billion USD: https://www.wsj.com/articles/investors-r.. This is is the sort of provoking crap that starts wars... I really hope the #aggression does not continue, but I do not see an easy way out of this now.#china 's #ccp are now mandating that #chinese #companies *100%* #buylocal https://www.reuters.com/business/aerospa.. This breaks their agreement as a member of the #wto ( #worldtradeorganization ) - but as you might guess, nothing will be done about this.