Evergrande Financial Panic - Corona is not the only Contagion China is exporting

mindlessobserver said:
The contagion is spreading. Another Domino has fallen.

www.cnn.com

Hong Kong developer quits the stock market as Evergrande fallout spreads

Chinese Estates Holdings plans to go private after its stock was slammed by fallout from the crisis at Evergrande.
www.cnn.com www.cnn.com

The news media are LYING right now. Ffs, this is kiwifarms. Do I really need to say this? This is not under control. The Chinese government lost control YEARS ago. This cannot be stopped.

Kiwis, you have 3 weeks at most to get ready. If I am wrong hurray, call me a doom pilled faggot. I will take it gladly. Because I don't want to be right.
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Three weeks to get ready for what? Jumping for Joy that the evil empire is foundering and taking all the kikes on Wall Street with it?
 
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Sped Xing said:
Three weeks to get ready for what? Jumping for Joy that the evil empire is foundering and taking all the kikes on Wall Street with it?
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If the Chinese realestate bubble implodes 60 trillion dollars will be wiped from the global economy in an instant. Along with 30% of the GDP of the world's second largest economy and 60% of that countries retail savings.

It would not be good.
 
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mindlessobserver said:
If the Chinese realestate bubble implodes 60 trillion dollars will be wiped from the global economy in an instant. Along with 30% of the GDP of the world's second largest economy and 60% of that countries retail savings.

It would not be good.
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Disagree. I don't like Chinks or Kikes. Let em crash.
 
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Clockwork_PurBle said:
The quicker China collapses the quicker a non-Commie could rise from the ashes and destroy the regime, just like every Commie nation ever.
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Never going to happen. If anything a successor government will get more legalistic and authoritarian.
Just accept that this is the way the East is. Japan is an extreme exception, and born of wanting to be just like the west since Nobunaga.
 
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HumanHive said:
Never going to happen. If anything a successor government will get more legalistic and authoritarian.
Just accept that this is the way the East is. Japan is an extreme exception, and born of wanting to be just like the west since Nobunaga.
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China has been authoritarian for milennia. Japan has toyed with authoritarianism, but really when you get most of the people to believe the Emperor is a literal God, you don't need to send out the death squads as much.

But yeah, despite what people may wish to believe, the Chinese Republic was no beacon of individual rights.
 
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mindlessobserver said:
If the Chinese realestate bubble implodes 60 trillion dollars will be wiped from the global economy in an instant. Along with 30% of the GDP of the world's second largest economy and 60% of that countries retail savings.

It would not be good.
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But that 60 trillion doesnt exist money is just an abstraction of value with is in and of itself another abstraciton.

Japan had the same shit in the 1980's.

Honestly its good the ccp put regulations to cool their housing market they couldnt/shouldnt go one building ghost cities forever.

Instead clear out the bad debt and allow the resources it was sucking up to go to something else.
 
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Sped Xing said:
China has been authoritarian for milennia. Japan has toyed with authoritarianism, but really when you get most of the people to believe the Emperor is a literal God, you don't need to send out the death squads as much.
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That's because Japanese authoritarianism traditionally derived from the local clan leader while Chinese authoritarianism came from the local bureaucrats who usually wasn't actually local. If you were a violent asshole, in China the bureaucrat would arrest you and you'd be slowly hacked to pieces in the town square while in Japan the local clan would recruit you as a thug for their army to use when they needed to bash the skulls of the rival clan and take their shit.
Sped Xing said:
But yeah, despite what people may wish to believe, the Chinese Republic was no beacon of individual rights.
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While they did pile the bodies of alleged commies pretty high, their biggest massacre was breaking the Huang He dikes in flood season which they did to slow down the Japanese advance during the Second Sino-Japanese War. Which I mean hey, they "had" to do it and even if they killed anywhere from 500K-1M people it can be justified I guess to save their country?
 
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Chinese leadership never gave a fuck about the Chinese plebs through out Chinese history. Killing the plebs off by the hundreds of thousands to millions have been a national past time since the Three Kingdom period. Only time the Chinese leadership do GAF is when foreigners start killing the plebs off and face shame by being better at it.
 
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Uranus Pink said:
Chinese leadership never gave a fuck about the Chinese plebs through out Chinese history. Killing the plebs off by the hundreds of thousands to millions have been a national past time since the Three Kingdom period. Only time the Chinese leadership do GAF is when foreigners start killing the plebs off and face shame by being better at it.
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Way before the Three Kingdoms period even, it's in the Chinese blood. The State of Qin in the Warring States period was notable for brutality on several occasions like the career of their leading general Bai Qi who supposedly ordered the deaths of over a million people (mostly prisoners of war). Because of their success the Qin united China and became the Qin Dynasty, the first Chinese empire. Their ruler Qin Shi Huang (a favorite of Mao's) was known for burying scholars alive and killed up to 1 million people constructing segments of the Great Wall of China.
 
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Lester Jones said:
An investment firm CEO pushing Americans into buying Evergrande debt:
HINT: Don't trust them

Also, if you're buying it, you're supporting the CCP. So, fuck that!
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Getting into distressed debt can be a very profitable enterprise if you know what you're doing. This man also knows what he is doing because he knows the people who will hear this won't. Disgusting.
 
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