@barray on Wed Aug 24 01:18:11 UTC 2022 said: &eMore #stimulus #packages out of #china 's #ccp , this time for 1 #trillion #yuan https://www.zerohedge.com/markets/its-no.. People are saying that *even this* is not enough. They simply have too much riding on their #collapsing #property #market , all of their #eggs are in one basket.#china 's #ccp are trying to use 200 #billion #yuan to #bailout their #property #market and try to get people paying their #mortgage again: https://www.zerohedge.com/markets/china-.. The irony here is that it's not nearly enough, things are far too gone. They don't seem to be even beginning to grasp the true scale of the almighty mess they are currently in.
#china 's #ccp are trying to use 200 #billion #yuan to #bailout their #property #market and try to get people paying their #mortgage again: https://www.zerohedge.com/markets/china-.. The irony here is that it's not nearly enough, things are far too gone. They don't seem to be even beginning to grasp the true scale of the almighty mess they are currently in.
Looks like #china 's #ccp is now #paying for #russian #coal in #yuan - meaning they have now picked a side despite saying they were " #neutral ": https://www.zerohedge.com/commodities/fi.. You *cannot* be a neutral entity when you're #financially #incentivized to let one side #win . Obviously, #ukraine doesn't #trust them either.
#china 's #ccp #confirmed to be #buying #russian #coal and #oil in #yuan https://www.zerohedge.com/geopolitical/b.. This perhaps will mean that #biden will #sanction #china as he #promised he would - although it would be #devastating to the #us #economy ...
#china 's #ccp is demanding that all of their #banks get as much #foreign #currency as much as possible as the #yuan continues to tumble: https://www.zerohedge.com/markets/yuan-t.. What that does is props the #yuan against more #stable #currencies like the #dollar - meaning that if the #chinese #economy crashes it takes them all down with it.