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Tag: Evergrande

China Deploys TANKS to Protect the BANKS – People’s Life Savings Stolen

China Deploys TANKS to Protect the BANKS – People’s Life Savings Stolen

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  The China Communist Party deployed tanks overnight, to protect the Bank of China branch in Henan Province from the ongoing Bank Run. Some of the Banks in Henan Province “froze” the accounts of Depositors back in April and have refused since then to allow any withdrawals of funds.   Yesterday, it was announced by the bank that people’s SAVNGS “are now INVESTMENT PRODUCTS and can’t be withdrawn.” Yes, you read that right.  In short, it looks as though the bank simply…

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China’s EVERGRANDE is now OFFICIALLY in “Default”

China’s EVERGRANDE is now OFFICIALLY in “Default”

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There is diddlysquat about this in mainstream media. This report is from Hal Turner and has confirmation from another source (see below) BREAKING NEWS: The First Financial Domino Just Fell;  At Midnight U.S. east coast time Friday night-into-Saturday, China’s second largest Real Estate developer, EVERGRANDE, officially entered “DEFAULT” status on its massive global debt.  This is the first Domino in the coming financial collapse, and it has just fallen, hard. The China Evergrande Group is the second largest property developer…

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Chinese property giant Evergrande defaults on $300billion debt

Chinese property giant Evergrande defaults on $300billion debt

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Chinese property giant Evergrande defaults on $300billion debt: Beijing prepares ‘controlled demolition’ of the firm to protect its economy amid fears it could have global consequences Chinese property giant Evergrande has defaulted on $1.2billion in bond debt  It marks the first time the firm has defaulted on debts totalling some $300billion  Evergrande ran into trouble amid Chinese crackdown on property speculation  There are fears that Evergrande could have knock-on effect on global economy  Debt-crippled Chinese property giant Evergrande has defaulted…

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Evergrande’s Surprisingly Quiet Collapse

Evergrande’s Surprisingly Quiet Collapse

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By Richard Frost, Bloomberg Markets Live reporter and analyst ZeroHedge, 8 December, 2021 After months of anticipation, Evergrande finally failed to meet obligations on time – and it wasn’t the Lehman moment that some had predicted. On the day that bondholders didn’t receive interest payments at the end of a grace period, a gauge of Chinese stocks in Hong Kong jumped the most in two months, with developers among the best performers. Sunac, which last month had to borrow money from its founder to…

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The Evergrande-Tether-Bitcoin “time bomb”

The Evergrande-Tether-Bitcoin “time bomb”

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CRYPTO RESET coming – Nearly the entire crypto ecosystem appears to be based on DIGITAL fiat currency counterfeiting operations tied to communist China   (Natural News) DISCLAIMER: This author owns zero cryptocurrencies. We fully support the concept of decentralized currencies and the promise of private, peer-to-peer transactions. We affirm that central banks are the source of tremendous evil, corruption and mass suffering across the planet. Yet we have become aware of a shocking truth in the current crypto ecosystem that…

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“It’s A Disastrous Day” – All Hell Breaks Loose In China’s Bond Markets

“It’s A Disastrous Day” – All Hell Breaks Loose In China’s Bond Markets

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Zero Hedge, 11 October, 2021   The US bond market may be closed, but it was fully open in China, and locals took advantage of this fact to do one thing: sell. In the aftermath of our viral post “”Catastrophic” Property Sales Mean China’s Worst Case Scenario Is Now In Play“, China property firms bonds were hit with another wrecking ball on Monday as Evergrande was set to miss its third round of (offshore) bond payments in as many weeks and rival…

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“Catastrophic” Property Sales Mean China’s Worst Case Scenario Is Now In Play

“Catastrophic” Property Sales Mean China’s Worst Case Scenario Is Now In Play

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ZeroHedge 10 October, 2021 No matter how the Evergrande drama plays out – whether it culminates with an uncontrolled, chaotic default and/or distressed asset sale liquidation, a controlled restructuring where bondholders get some compensation, or with Beijing blinking and bailing out the core pillar of China’s housing market – remember that Evergrande is just a symptom of the trends that have whipsawed China’s property market in the past year, which has seen significant contraction as a result of Beijing policies…

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China’s “Evergrande” Misses SECOND Interest Payment on U.S. Bond Debt

China’s “Evergrande” Misses SECOND Interest Payment on U.S. Bond Debt

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Hal Turner, 30 September, 2021   This could be the biggest story of the day, week, month and the year…if not the decade. Posting some quotes below. Evergrande is HUGE, HUGE and HUGE. They owe $1.95 TRILLION and can no longer make the interest payments a mere $300 BILLION of their debts. They are approximately 5-6 times the size of Lehman Brothers, which almost took down the entire worldwide financial system in 2008-09. Evergrande’s collapse can no longer be avoided…

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Nervous Chinese Officials Ban Crypto Currencies as Evergrande Teeters on Edge

Nervous Chinese Officials Ban Crypto Currencies as Evergrande Teeters on Edge

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Today on TRUNEWS, shocking news out of China, as the debacle taking place with Evergrande has now prompted Communist China to put up a Great Digital Wall, forbidding all crypto transactions in the nation. Robert F. Kennedy, Jr. is under attack by the left for his opposition to the vaccine mandate, and for picking up dead animals on the road. COVID media darling Dr. Leanna Wen makes some confusing statements regarding the vaccinated versus the unvaccinated. Rick Wiles, Raymond Burkhart,…

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China Braces For “Nightmare Scenario” As Evergrande Offers Broke Investors Discounted Apartments

China Braces For “Nightmare Scenario” As Evergrande Offers Broke Investors Discounted Apartments

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The next Lehmann Bros.? I doubt you will see this in your headlines Zero Hedge, 16 September, 2021 Up until now the collapse of China’s Evergrande was very much a slow motion affair, captured perhaps best by Forte Securities trader Keith Temperton who said that “the Asian banks will get hit hard if there’s a default, but then there will be a 10-year recovery process. The market’s getting a hang of it. The way they’ve managed the news flow seems…

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