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09-15-2021, 06:11 PM #1
Evergrande Is Collapsing – Will Not Make Its Massive Debt Payments – 5 Times Bigger
Evergrande Is Collapsing – Will Not Make Its Massive Debt Payments – 5 Times Bigger than Lehman Brothers
By Joe Hoft
Published September 15, 2021 at 2:30pm
382 Comments
This is really scary. These are big numbers that may affect the entire world.
Hong Kong real estate holding company in China, Evergrande, is in dire straights. This company has $300 billion in debt and it is unable to make its payments. [After living in Hong Kong the past decade, my hunch is that Evergrande is not the only company unable to make debt payments on real estate in China.]
EXCLUSIVE: The Beginning of China’s Economic Collapse? Largest Issuer of China’s Commercial Paper, Evergrande, Is Facing Bankruptcy, Entire World Economy Likely Impacted
Another corporation involved in China’s real estate bubble is about to pop. Yesterday the Bangkok Post reported: Embattled Chinese property giant Evergrande on Wednesday suffered a second credit rating downgrade in two days, raising fears the world’s most indebted company will default and sending its shares tumbling below their listing price 12 years ago. The … Continue readingEXCLUSIVE: The Beginning of China’s Economic Collapse? Largest Issuer of China’s Commercial Paper, Evergrande, Is Facing Bankruptcy, Entire World Economy Likely Impacted
The Gateway Pundit
A couple of days ago we warned that Evergrande is preparing for bankruptcy.
Hong Kong Behemoth in China Real Estate Readying for Bankruptcy – Is This the Beginning of a Massive China Real Estate Crash?
Last week we reported on the massive real estate corporation based in Hong Kong with holdings throughout China, Evergrande. Now the firm is readying for bankruptcy. Here is our post last week. EXCLUSIVE: The Beginning of China’s Economic Collapse? Largest Issuer of China’s Commercial Paper, Evergrande, Is Facing Bankruptcy, Entire World Economy Likely Impacted Zerohedge … Continue readingHong Kong Behemoth in China Real Estate Readying for Bankruptcy – Is This the Beginning of a Massive China Real Estate Crash?
The Gateway Pundit
The problem is Evergrande is five times the size of Lehman Brothers, made famous in the 2008 crash in the US. On September 7, Zerohedge shared:
(4453) Jim Cramer 2nd Segment on Tether the ticking time bomb. Tether's commercial paper could be Chinese. - YouTube
[Personal comment – there are numerous billionaires in Hong Kong and many, if not all, are in Chinese real estate. They may have been encouraged to do so. If these companies have problems similar to Evergrande, this could be a very big problem.]
This really could make 2008 in the US look like nothing. Hold tight.
Evergrande Is Collapsing - Will Not Make Its Massive Debt Payments - 5 Times Bigger than Lehman Brothers (thegatewaypundit.com)
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