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re: Evergrande reportedly missed its $83.53 million March 2022 bond payment that was due today
Posted on 9/24/21 at 7:25 am to stout
Posted on 9/24/21 at 7:25 am to stout
China specifically instructed them to not miss bond payments to western nation investors. Those who do not do what the Chinese govt. instructs usually assume room temperature.
China also banned ANY Crypto transactions this morning, sending Bitcoin, and the secondary coinage, into a dive.
China also banned ANY Crypto transactions this morning, sending Bitcoin, and the secondary coinage, into a dive.
2
Posted on 9/24/21 at 7:26 am to stout
quote:
China Declares All Virtual Currency Transactions "Illegal"
if only you had the ability to send it P2P without the need of a trusted intermediary
oh wait
Seriously is this like the ten thousandth or ten thousandth and first time they’ve banned crypto?
This post was edited on 9/24/21 at 7:27 am
Posted on 9/24/21 at 7:27 am to stout
Read the original thread
So this is like Bear Stearns/Lehman type meltdown of 08?
So this is like Bear Stearns/Lehman type meltdown of 08?
Posted on 9/24/21 at 7:29 am to Klark Kent
quote:
to the US housing market or the global economy as a whole?
This may be the tip of China fricking the world again, KK. Evergrande is the start of a bigger problem that China has created by letting companies rack up massive debts.
Posted on 9/24/21 at 7:31 am to Ross
quote:
if only you had the ability to send it P2P without the need of a trusted intermediary
oh wait
They can enforce banking and IP bans on it very easily
quote:
Seriously is this like the ten thousandth or ten thousandth and first time they’ve banned crypto?
They have never declared it illegal until today IIRC
Posted on 9/24/21 at 7:31 am to stout
Now do Blackstone Realty
Posted on 9/24/21 at 7:31 am to stout
Let it burn
Posted on 9/24/21 at 7:33 am to NPComb
I mentioned Blackstone has exposure to Evergrande debt since they own some of it. They also have $9 Trillion under management. This will hurt them but not kill them.
Posted on 9/24/21 at 7:33 am to stout
quote:
one of the largest buyers of Evergrande debt is Blackrock
Do you have a link for this?
Posted on 9/24/21 at 7:35 am to Eli Goldfinger
My theory on crypto is they know their real estate bubble is going to pop and people might flock to Bitcoin as a save haven asset and can’t have that.
Posted on 9/24/21 at 7:36 am to Eli Goldfinger
Posted on 9/24/21 at 7:36 am to upgrayedd
quote:
Joe Biden will be calling China to ask how much money they need
Which he will then borrow from China and have printed and send inflation skyrocketing even more and you won’t be able to afford even more things
The prices of crab legs and beef have almost doubled
Posted on 9/24/21 at 7:37 am to stout
Protip: go ahead an mail the check but "forget" to sign it.
Posted on 9/24/21 at 7:38 am to stout
quote:
Yea I get it. We all hate China but this has the potential to do a lot of damage globally so once again China may put the screws to the rest of the world.
They're going to get it a lot worse, though. When China became the focus, circa Trump 2016, people wouldn't listen that they weren't a threat to us anytime soon b/c their bubble was going to pop sooner or later. When that happens, everyone will feel pain, but China is going to REALLY slide back.
Posted on 9/24/21 at 7:38 am to fr33manator
quote:
The prices of crab legs and beef have almost doubled
#1 combo meal at Checkers is $9.80 now.
Posted on 9/24/21 at 7:41 am to Ross
quote:
My theory on crypto is they know their real estate bubble is going to pop and people might flock to Bitcoin as a save haven asset and can’t have that.
Your theory is likely correct but China has the ability to really impact crypto. I mean they have government-approved social media. They control the networks and will impose decades-long imprisonment if necessary.
Posted on 9/24/21 at 7:41 am to stout
quote:
They can enforce banking and IP bans on it very easily
as far as I know they’ve been fighting a war on VPNs for a long time yet people still find a way to use them there
or you could just leave the country temporarily, use a fiat on ramp and make your investment and HODL.
Not saying they haven’t made it harder to obtain them or access fiat on ramps, but where there is a will, there is a way.
Posted on 9/24/21 at 7:42 am to Ross
quote:
or you could just leave the country temporarily, use a fiat on ramp and make your investment and HODL.
Not saying they haven’t made it harder to obtain them or access fiat on ramps, but where there is a will, there is a way.
The thing with China is they will play the long game. You want to leave to transact crypto? You won't get back in or won't be able to use public services if you do get back in.
Posted on 9/24/21 at 7:43 am to SlowFlowPro
Yes they will make very large and public examples out of the first few people they catch
Posted on 9/24/21 at 7:45 am to stout
quote:
one of the largest buyers of Evergrande debt is Blackrock
quote:
pushing its stake in the company to 1% of the assets in its $1.7 billion Asian High Yield Bond Fund
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