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Tag: financial collapse

China’s $300 billion time bomb: Will China export a global financial crisis?

China’s $300 billion time bomb: Will China export a global financial crisis?

Former Lehman Trader On “China’s Lehman Moment” By Larry McDonald, former trader at Lehman Brothers, author of “A Colossal Failure of Common Sense” and publisher of the Bear Traps Report My name is Larry McDonald, that is the UK cover above. In the years before the failure of Lehman Brothers, I ran a successful distressed credit business at what was the 4th largest investment bank in the U.S. – becoming one of the most consistently profitable traders in the fixed…

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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

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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Is this China’s Lehman Bros.?

Is this China’s Lehman Bros.?

Evergrande Bonds Halted Amid Liquidation Panic As Contagion Spreads To Other Chinese Junk Zero Hedge, 6 September, 2021   With algos busy chasing upward momentum in futures and global stocks, the biggest – if largely ignored story – remain the ongoing collapse of “China’s Lehman“, the $300+ billion China Evergrande, where following our earlier reports (see below) that a bank run  emerged among creditors of the biggest and most indebted Chinese developer as its bonds were no longer eligible collateral in…

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U.S. Treasury Plan If Economic Collapse: “Force Majeure,” Paratroopers to Fed Res. Banks, “De-Monetize” U.S. Dollar

U.S. Treasury Plan If Economic Collapse: “Force Majeure,” Paratroopers to Fed Res. Banks, “De-Monetize” U.S. Dollar

“The majority of this article was written long ago, in 2008, by a guy named Al Martin.   It was forwarded to me by a visitor to this web site.    “I tweaked the numbers to make them more current, and added the info about the federal reserve monetizing the debt so as to afford an answer to anyone wondering how, if this was all slated to collapse in 2009, we’re still here?” Hal Turner, 18 June, 2021 Did you know…

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 UK BANKS TELLING CUSTOMERS “MAY HAVE TO WAIT 95 DAYS TO WITHDRAW CASH”

 UK BANKS TELLING CUSTOMERS “MAY HAVE TO WAIT 95 DAYS TO WITHDRAW CASH”

It’s not a bank. The company below, Aviva Investors,  is a British-based multinational insurance company Aviva Investors is a British multinational insurance company headquartered in London, England. It has about 33 million customers across 16 countries. In the United Kingdom, Aviva is the largest general insurer and a leading life and pensions provider. Aviva also has a focus on the markets in Europe and in Asia and, in particular, on the growth markets of China and South East Asia. Aviva is also the second largest general insurer in Canada….

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Towards financial collapse

Towards financial collapse

Because it is so important and another part of the movement downwards I am posting this seperately. First, the TruNews report ‘It’s going to hurt more than anybody thinks it ever could’: Dire economic prediction issued People must look at all their financial assets right now and say “I want to sell them or preserve them,” as they’re going to go down in value in the coming years, says Harry Dent the Founder of HS Dent Investment Management. “Real estate,…

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Westpac may spin its NZ business off to shareholders or find a new owner NBR,

Westpac may spin its NZ business off to shareholders or find a new owner NBR,

I have bigger things on my mind than the New Zealand economy, especially the version spun by the NZ media. I have to go to Zero Hedge to find what is really happening. I can’t even rely on the NZ business press. Look at this piece of ersatz- journalism from Radio NZ. https://www.rnz.co.nz/news/national/439075/housing-package-opens-door-to-investor-angst-renter-despondency Kiwi QE Fail: NZ Bond Yields Plunge After Failed QE Operation Zero Hedge, 24 March, 2021 The small nation of New Zealand, with its highly experimental central…

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Astronomical debt and helicopter money in New Zealand

Astronomical debt and helicopter money in New Zealand

We have a case of mass denial now that New Zealand is sliding into depression which it is trying to paper up with creating debt to the tune of $50,000,000,000. The Left, that couldn’t keep quiet about John Key’s debt (which also came out of a national crisis) now will do anything to explain this away. They say this reflects National hypocrisy (which in part, it does, but they ARE in opposition). They say you can’t compare because Greece’s debt came out of irresponsible spending ( a lie…

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The NZ government has created $50 BILLION out of thin air

The NZ government has created $50 BILLION out of thin air

This is HIGHLY IMPORTANT INFORMATION for New Zealanders that NO ONE will tell you.   I am grateful to State of NZ who has pointed out information that I did not know, yet wanted to know. Apart from discussing the very dangerous Health Response Bill and Budget 2020 which was passed in record time (23 hours!) with zero democratic oversight he discusses New Zealand’s debt problem. With this lockdown that has been inflicted on us the government has been throwing around humungous amounts of money. The item…

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