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This Contagion Will Be A Debt Bomb That Will Burst Globally!

Apparently, the Evergrande fiasco is just another classic Bernie Madoff Ponzi scheme. If you think about it, a Ponzi scheme is all about fake growth of finances, while there is something else going on in the back…

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And, “like all successful Ponzi schemes, Evergrande’s rise to become a global Fortune 500 business hinged on it finding a steady supply of new suckers to hand over their money as “investments” in the Evergrande scheme.”

And, Ponzi schemes collapse when people demand to get paid back for their “investments” but the schemers can’t ensnare enough new investors to fund the previous ones who want out.

According to Bloomberg, and various other recent reports,

“The government in China is going to help cover Evergrande’s debt payments to local bondholders (i.e. institutions in China) while stiffing foreign bondholders.”

You should be already able to conclude that foreign debt holders are going to be left high and dry.

Evergrande is just the tip of the iceberg.

“The whole Chinese property market is on stilts,” investment expert Jim Chanos told the Financial Times. “…[A]ll the developers look like this. There’s lots of Evergrandes out there in China — Evergrande just happens to be one of the biggest.”

Source
brighteon.comnaturalnews.com

Ava Garcia

A small town girl, dreaming big, expecting to change the world with presenting the truthful events of the world today. Law degree with a master in criminology, and a devoted journalist for over 7 years, and counting. "The pen is mightier than the sword."

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