Evergrande debt CRISIS admission sparks HQ protester siege The Shenzhen HQ of Property giants China Evergrande was swarmed by angry protesters after the group admitted a fire sale of assets and properties can’t keep up with their swelling $300bn debt. 60 furious investors reportedly surged into the lobby to be told that some might have to wait at least two years to be repaid, as a chain of 60 security guards held back more people on the street outside, Evergrande lay part of the blame for the overall group’s share prices dropping 12% on Tuesday on negative media coverage and denied reports that a major restructuring was looming.
it will be more like Japan's example where properties prices, never drop much for the last 30-40 years multi generations debts, then people migrate to cities centres, leaving rural areas, vacated their rural properties but now people are revisiting again with high inflation model, assets are usually way overpriced before any meaningful corrections way much later on
SWIFT interbank transfer system data shows. The most popular global currency is predictably the US dollar with a 39.38% share, followed closely by the euro with 38.43%. In third place and far behind the first two is the British pound sterling with 5.99%. The top five also included the Japanese yen (2.74%) and the Chinese yuan (2.19%). https://on.rt.com/bgms
Japanese properties are very cheap. Even cheaper than ours. The MSM likes to downplay Japan. I don't know what's the reason. Maybe they can't get over Pearl Harbour. You know davos is made up of old men still living in WWII and cold war era. But being down played isn't a bad thing. It makes your strength hidden.
just last month 5 BTO projects face delays, 2 public projects affected as contractor Greatearth goes bust https://www.straitstimes.com/singap...enti-bukit-panjang-and-woodlands-face-further
Gas price in Europe smashes historic high as EU debates limiting Russian imports https://on.rt.com/bgpl behaving just like the iron prices back then lol
The Petro-Dollar Era is Ending. What's Next? Brandon White - September, 2021 https://www.goodmining.com/news/the-petro-dollar-era-is-ending
India may buy Russian S-500 anti-space-weapon defense system in world-first arms deal, despite risk of US sanctions, Moscow claims here comes the US sanctions again!
A potentially interesting change in the Shanghai gold exchange. https://twitter.com/KingKong9888/status/1438743522371272707
Whoopsie. https://www.bbc.com/news/world-europe-58604677 France has said it will recall its ambassadors in the US and Australia for consultations, in protest against a deal which also includes the UK. The foreign ministry said the "exceptional decision" was justified by the seriousness of the pact. As part of the deal known as Aukus, Australia will be given the technology to build nuclear-powered submarines.
its just 8 nuclear subs, without war head yet. looks like NPT is out the window! what an exceptional nation lol anyway, hence China will continue to increase the level of its nuclear deterrent, the only deterrent is to be able to wipe out completely your adversaries someting like 30 N subs and 3,000+ Nuclear war heads by 2030 The Treaty on the Non-Proliferation of Nuclear Weapons, commonly known as the Non-Proliferation Treaty or NPT, is an international treaty whose objective is to prevent the spread of nuclear weapons and weapons technology, to promote cooperation in the peaceful uses of nuclear energy, and to further the goal of achieving nuclear disarmament and general and complete disarmament.[3] Between 1965 and 1968, the treaty was negotiated by the Eighteen Nation Committee on Disarmament, a United Nations-sponsored organization based in Geneva, Switzerland. Best decision NK has ever made! keep your nukes, and continue to upgrade.
Evergrande On the BRINK: INDEBTED Property Developer Due to Debt Default Next Week – as Staunchest Allies DITCH Shares (Report) China Evergrande Group has debt due next week. Chinese authorities have already warned banks Evergrande CANNOT pay these obligations, the world most indebted property developer currently buried under a crushing debt of over $300bn. (Barrons) On Tuesday, Evergrande said its property sales will likely drop significantly in September after declining for months, exacerbating dire cash flow problems even further - its stock price and market value has plunged by an incredible 85% in the past year. Two of the property developer’s previously most-loyal investors, Joseph Lau Luen-hung, the founder of HK Chinese Estate Holdings Ltd and his wife have sold a whopping 138 MILLION Evergrande shares in the past month, according to exchange filings – adding more fuel to the already sizeable liquidity-crisis fire. Subscribe to RT t.me/rtintl
https://web.telegram.org/z/#-1387645188 WH: US could plunge into RECESSION if it hits DEBT CEILING next month The fallout of Congress not raising or suspending the US debt ceiling could trigger a recession and potentially cut off BILLIONS of dollars in funding govt programs, the White House warned state and local officials on Friday. Negotiations on the debt ceiling between the Dems and GOP have been dragging on for months, with no solution appearing to be in sight. The Democrats need to persuade 10 Republican lawmakers in the Senate to support raising of the debt ceiling – or the US will DEFAULT. The Treasury stated early September that America could default for the FIRST TIME in its history if lawmakers do not act on the debt limit by next month – also warning of increased stock-market volatility if the debt limit debate drags on. Subscribe to RT t.me/rtintl
