Evergrand defaults today

Over the last few years I have come to beleive the Golden Rule is the most accurate statement we need to understand in our lifetime.

The interesting part of it is that only a few people get let into the club, or perhaps more accurate to say the club is exclusive and no new members have been let in for many decades. Just new members in the form of offspring of existing members. So I don't think the guy who started Evergrande did anything from scratch. Evergrande is just an extension of the people who exist in the Golden club. Same with the bond holders. One big family.

Today we learn not only how Fauci is connected throughout everything, but his wife has a significant role at the NIH who set health policy. Lots of family links. Pelosi. Newsom. Podestas. Clinton's. Bushes. So many others it is a family affair in government or government and business. Not just coincidence. It's a club.

I would bet Elon Musk did not invent anything. PayPal was needed to further internet expansion and destroy small business and Elon was put in as figurehead. And same with all other Tesla spinoff.

Like most people, I just believed what the tv, newspapers and experts said. When I didn't understand something I just assumed I wasn't that bright and the people in charge knew better. It was around 2012 or so and 4 years after the Great Financial Crisis I started to question why interest rates were still so low. That was the trigger for me to begin to understand how our world works. And it works very differently than what we are told. And probably one of the biggest things to note is that these things are slapping us right in the face yet we are too dumbed down or lazy to think about how things really work.

Yes I post some pretty crazy thoughts, but after paying attention to about 8 years now as to how things play out vs how we are told things work then those same crazy thoughts are the most intelligent explanations of cause>effect I can come up with. Our world is a crazy place. Once we accept that we can start to question why it is so crazy. It is not because of our leadership being really, really bad at what they do.

I looked it up to see what and where the high had been for bitcoin and that was 67500 in the first part of Nov, at the moment its around 34000 so in rough terms has dropped in half in the last two and a half months in a fairly steady stair step decline. I wonder what is behind a move like that as the stock market had been going up until fairly recently. 

I think I've posted before on the messaging from the Monopoly boxes, definitely a pattern here.

I have a picture but the forum seems to have reached it's limit on attachments, glad to help pay for an upgrade if needed!

Here's a link for now: www.amazon.com/Monopoly-Crooked-Families-Monopolys-Decoder/dp/B08TPM2VVJ

Evergrande still operating, imagine that.

www.zerohedge.com/economics/evergrandes-arrested-chairman-suspected-committing-crimes-latest-saga-chinas-real-estate

But that is because the rules and laws apply to the serfs, the other class has protection and is part of the control system. A real estate boom in China doesn't happen from grass roots, it is created. And to create such a thing needs tools. Consider Evergrande one of those tools.

So the ultimate question is, when things pivot, is it because we are seeing reality take over with real people really doing their jobs, or is the control system moving on to the next phase and in doing so the parts of the old system are disposed of. I suppose we won't know for a long time as to what is really taking place.

Probably one of the most fitting comments in any article ever written regarding any "too big to fail" entity:

Curious, 1 person viewing the marketing thread and 60 in the off topic thread and that's it. Kind of odd for a farming forum.

So reading about the Evergrande liquidation, it's a Hong Kong Court ordering it yet the vast majority of the corporation is operating in China. Some shares trade in Hong Kong. So we will see how this goes.

China is an interesting entity in my mind. There is definitely alot of globalist control there and seems to be the proving grounds for such things as social credit score and developing more system control routines between government and large corporations. However I do consider that the globalists may not be fully in control or there is a power struggle there to kick them out. Trump with his China issues was one of the possible indicators of such a thing.

It is why I figured Evergrande would keep going on, and basically still is. So perhaps the globalists are attempting to pull the trigger to collapse it. And of course we hear of contagion then. So I would look to see if China follows suit or charts its own path. Liquidation would be rather devastating but awesome for rich people to scoop up assets on the cheap. Assets - as in property, not about making worthless dollars, the game is to acquire assets. And acquiring a big chunk of China property would be a big play for globalists/rich.

So suppose China ignores the HK court. Better yet, suppose China's actions will stick the international/offshore investors with their own bad deals. Play stupid games and loose. Pretty simple concept, it's rather capitalist. But not here in North America, our so called capitalist system likes to have the taxpayer bail out corporations for stupid games like the GFC did and our government likes to hand over endless taxpayer wealth to corporations to keep developing projects. So if China says investors made bad investments and no one gets bailed out, wouldn't we say China is far, far more capitalist than America. For the record, I said ling ago China is not communist, the well known idea that international corporations operate there kind of makes it easy to understand.

So once again, wait and see how it shakes out. Seems to me a chess piece has been moved. See what happens next.

At this point growth data doesn't mean much. We are now into the point of seeing the curve for exponential debt expansion occurring. US government expected to run $2T deficit during "good" times. Yes, you can say it is wing nut policy, but it is also just as valid to say the government policy is purposely being set to spend excessively for two reasons:

1) ridiculous spending is needed as an excuse to hide the truth that debt expansion is how things work
2) we are at the point now were debt expands more than the impact on the economy

#2 may be hard for people to grasp if I don't explain it in right words. Basically, debt expansion devalues the currency. We can understand that as we see it happening. When you once spent $100,000 to do something, you now need $300,000 to accomplish the same thing. In an economy it is even more drastic, if $30B was spent on some economic development innitiative, then 5 years later you can't spend $30B again and get the same boost. And since a lot of that spending gets mis used and wasted, we can't say $90B is the right number next time. Maybe $200B is the correct number to get the same boost as what $30B did previously, so we enter a period of exponential debt expansion to give the same economic activity.

Gdp is a bogus number since taxes and government spending are included in the calculation. A government can borrow and spend more and show a positive gdp. Government hiring more people and paying them to do not much like say engage in gender identity initiatives will actually improve gdp. Did the economy actually improve though? Borrowing money to pay people to work shouldn't be a valid approach. But it is valid as far as gdp is concerned.

Like all things, don't trust the numbers.

China may very well be growing at 4% and doing it legitimately. Point is we will never know the reality.

I still say one of the very most basic indicators of prosperity is seen in debt levels. If your farm is doing great because you have a bunch of new equipment and bought some land yet you tripled your debt in last 8 years then I would say that is not prosperity, that is debt expansion. Prosperity means less debt, more savings. Government debt is a good example, so is corporate debt, and then we look at personal debt. This is how we can see if life is good. You can have lots of nice stuff but when you are renting it off some one else (debt and paying interest to them to have it) is fake prosperity.