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[–] 1 pt

Get a spreadsheet and then do your math

Look at the size of financial market, look at the size of evergrande, calculate the size of china market (house market)

read some chinese newspapers, yes, they are biased, as USA ones, you need the two faces of a coin to see the coin

then.... my conclusion is that USA is fucked, not china

not because of evergrande, but because USA society is corrupted and has lost bearing

[–] 0 pt

When Evergrande goes belly up we are screwed. Our total dependence on China has screwed us now. Made in China products will go up in price in no time at all. All imports from China will sky rocket soon too.

[–] 0 pt

The things you really need like food water and shelter aren’t made in chink land.

Let the price of useless plastic shit go up, maybe we’ll bring manufacturering back home.

[–] 0 pt

evergrande has already gone belly up. wHo cares. money hasnt meant anhthing in decades. theyll just print more and people wont care. confidence in money is the fuck up there, doesnt even matter anymore what is done.

[–] 0 pt

They are wanting the great reset, and this is their chance of replacing the USD with a One World currency. I don't think the DS cares about what we peons think anymore either. So we will see after February 2022.

[–] 0 pt

Maybe, maybe not

we will see

have a nice day

[–] 1 pt

I mean they have easily the largest gold reserves on the planet... so what do you think.

[–] 2 pts

Everyone, especially Govt's lie about how much AU they have, why would you believe China?

[–] 1 pt (edited )

They will fuck the round eyes over, it's Communist China. Or in Chinese it would sound something like: "We no give you Gold foh Evergrande money owed. You go fuck yourself."

[–] 0 pt

Didn't it just come out they have tons of counterfeit gold?

[–] 0 pt

It was nothing more than a billion dollar foreign Ponzi scheme. They were building where there was no market for 2 decades. The only thing it shows is that the authoritarian market in China does have vulnerabilities for investors. People believed making money was a sure thing in China.

Evergrande is not that important.

[–] 0 pt

Either that or communism doesn't work.