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Post by Stealth on Sept 22, 2021 12:51:17 GMT 10
I'm still reading into a lot of this and trying to wrap my head around some of even the most simple implications of what either one will mean. If both happen, and within weeks of each other?
I'm more and more dubious each day about the world economic status and while a lot of people myself included have predicted a reckoning I honestly didn't quite expect it to happen just yet. If those events go Captain Planet ("by your powers combined") what will be the next thing to tumble?
And how long do you think before the average Joe starts to feel the impact in such a way that it's obvious to everyone and not just the few who're actually looking for indicators of collapse?
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norseman
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Post by norseman on Sept 22, 2021 18:09:29 GMT 10
Evergrande just got bailed out in some way!
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malewithatail
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Post by malewithatail on Sept 22, 2021 21:06:45 GMT 10
Victoria quake detected here in Northern NSW on my seismograph as a very small earth movement. No trace of an electric event on the electrometer, as the rocks let go and give a piezo electric pulse as it was too far away. (Like a small EMP).
Storms are easily detected as they build up and the electric field is disturbed and changes, well before visible to weather radar or an observer.
Have been monitoring for over 40 years on all homemade gear (Except now using a data logger and laptop instead of a 50 year old chart recorder and its associated paper).
After the collapse, we will need to be aware of approaching storms as the weather beuro will not be there to issue warnings.
Ive forecasted storms sometimes days before they are actually visible, due to the disturbance in the field Luke. (Sorry, got a bit carried away there!).
Simple gear, easily built from scrap electronics from tip.
The greatest invention in the history of man is beer.
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Post by Stealth on Sept 23, 2021 9:11:25 GMT 10
Evergrande just got bailed out in some way! I'm not sure they have. Looks like they may have just delayed the inevitable. www.aljazeera.com/economy/2021/9/22/chinas-evergrande-says-will-make-a-scheduled-payment"China Evergrande Group’s main unit has said it has “resolved” an interest payment due on one of its domestic bonds on Wednesday, offering some relief to jittery markets that had been on edge over fears that a messy default of China’s No 2 property developer could ripple through China’s economy and the global financial system. Evergrande’s main unit, Hengda Real Estate Group said in a statement on Wednesday it had “resolved” one coupon payment due on Thursday on its Shenzhen-traded 5.8 percent September 2025 bond, but it did not specify how much interest it would pay or when." |
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spatial
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Post by spatial on Sept 25, 2021 20:46:18 GMT 10
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lost
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Post by lost on Sept 26, 2021 1:00:48 GMT 10
Good, bring it on let them circle the drain. I read something like 90 Trillion is on the line if shtf. Eat the rich!
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frostbite
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Post by frostbite on Sept 26, 2021 19:32:48 GMT 10
How would Evergrande collapsing impact you? Is your super fund an investor in Chinese real estate?
An economic collapse in China or the US won't impact me, so I'm not bothered.
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lost
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Post by lost on Sept 26, 2021 20:57:27 GMT 10
How would Evergrande collapsing impact you? Is your super fund an investor in Chinese real estate? An economic collapse in China or the US won't impact me, so I'm not bothered. It wouldnt, just saying that the chinese might be in for hard time, the working /middle class people over there might lose a shit ton of money and possibly turn on their .gov and those of the elite classes, highly doubt it though most are so brainwashed to toe the ccp party line. Usually when china sneezes we all get a cold you know, so it might impact around the world in some way shape or form. |
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spatial
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Post by spatial on Sept 26, 2021 21:46:43 GMT 10
China is responsible for most of the world's economic growth, most items including medication, fertiliser etc.. have base materials made in China.
If Chinese economy crashes war with Taiwan and other nations will likely break out. Aus fuel supplies disrupted.... as most fuel comes from Singapore.
Price of goods and inflation will go crazy, as it is there is now shortages in Aus already, they will just get worse.
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spatial
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Post by spatial on Sept 27, 2021 18:18:20 GMT 10
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malewithatail
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Post by malewithatail on Dec 7, 2021 20:05:50 GMT 10
Have you heard?Evergrande has been investing in crypto, and crypto has dived 17 odd percent last night. There is some suggestion if Evergrande goes under, cryptos like bitcoin, eretium, 1776 and others will fall like dominoes. Bad news on the doorstep.
I spilled spot remover on my dog and now I cant find him !
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Post by Stealth on Dec 10, 2021 6:04:17 GMT 10
Annnnd they've officially defaulted. Apparently several other property groups have done the same in the last week. For context, apparently property was about 29% of the Chinese GDP in 2016. I can only imagine it's grown in percentage since then. Evergrande is the biggest whale, but they seem to be in a domino slide.
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Beno
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Post by Beno on Dec 10, 2021 6:40:08 GMT 10
hopefully they start selling off their Australian residential property portfolio. Could be some increased availability to the market reducing prices a bit.
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malewithatail
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Post by malewithatail on Dec 10, 2021 6:41:23 GMT 10
Hope you are not relying on the stock market for income. I suspect its the next domino to fall, but a bailout is possible, till the money runs out that is.
Gravity: Not just a good idea, its the law !
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Post by Stealth on Dec 10, 2021 9:28:33 GMT 10
hopefully they start selling off their Australian residential property portfolio. Could be some increased availability to the market reducing prices a bit. I've heard talk that Chinese portfolios generally focus around commercial properties and entities rather than residential, despite what the MSM would lead us to believe. I don't know how much truth there is to that. I'm not a property manager. But if they are focused on commercial properties and entities... Let that sink in. How much of our remaining industry might rely on Chinese money? I know that there's several massive cattle farms up north that are owned by Chinese entities. Manufacturing (what little there is) in our country is already tenuous without realising that those companies could shut down overnight if they decide to pull funding. |
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Beno
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Post by Beno on Dec 10, 2021 12:47:34 GMT 10
hopefully they start selling off their Australian residential property portfolio. Could be some increased availability to the market reducing prices a bit. I've heard talk that Chinese portfolios generally focus around commercial properties and entities rather than residential, despite what the MSM would lead us to believe. I don't know how much truth there is to that. I'm not a property manager. But if they are focused on commercial properties and entities... Let that sink in. How much of our remaining industry might rely on Chinese money? I know that there's several massive cattle farms up north that are owned by Chinese entities. Manufacturing (what little there is) in our country is already tenuous without realising that those companies could shut down overnight if they decide to pull funding. Yeah i dunno, i’ve observed chinese buying whole suburbs with cash in the 90’s and they have australian agents sniffing around my area to buy more rural and residential property so i reckon they own a heap of our property. I was in Sydney the other day and was pleased to see much more diversity of race in the CBD. a few years ago it was 90% chinese. I may appear bigoted, but the calculations add up in regard to the missing people being chinese. |
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tactile
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Post by tactile on Dec 10, 2021 13:00:23 GMT 10
Sometimes I think we underestimate the shrewdness and cunning of our own businessmen. I remember back in the 90s when I was living in Cairns and everyone was complaining about "the Japs are buying up everything - they own us!". Remember that? I remember there was segments on 60 minutes and everything. What happened? The Japanese economy tanked and we bought back all their investments here for a fraction of what they payed for it.
Might end up being daja vu with the Chinese in place of the Japanese...a fool and his money...
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Post by Stealth on Dec 10, 2021 17:49:27 GMT 10
We can only hope! I think EVERYONE would like to see Australian land under Australian ownership. Especially in the current climate. And heck, if house prices tank so that I'm not staring down over a cool million to buy a family home I won't complain lol.
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tactile
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Post by tactile on Dec 10, 2021 20:51:22 GMT 10
I've heard talk that Chinese portfolios generally focus around commercial properties and entities rather than residential, despite what the MSM would lead us to believe. I don't know how much truth there is to that. I'm not a property manager. But if they are focused on commercial properties and entities... Let that sink in. How much of our remaining industry might rely on Chinese money? I know that there's several massive cattle farms up north that are owned by Chinese entities. Manufacturing (what little there is) in our country is already tenuous without realising that those companies could shut down overnight if they decide to pull funding. I know they own a lot of stuff in the CBD here in Melbourne - commercial stuff. I know people who rent off them and they wont spend a cent on maintenance. They just want the rent and expect the buildings to be maintenance free. That attitude usually gives the building a reputation and drives business away or pushes their rents down. I'm not sure how savvy they are with infrastructure yet...they might be able to get away with it back in the home country but I don't think it will work here. |
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bug
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Post by bug on Dec 12, 2021 16:12:48 GMT 10
There is a heap of Chinese money around. It's everywhere. They've been using it for decades to ensure that the nations they invest in 'behave correctly'.
Even with the feds cancelling Belt and Road, Daniel Andrews is still handing out massive construction contracts to Chinese companies.
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