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Rumor Mill News Reading Room, Current Archive

WARNING: China And Crypto About To Collapse Entire Global Financial System

Posted By: EarthGrid
Date: Thursday, 19-May-2022 19:38:35
www.rumormill.news/199725

A stern warning from a 4chan user. Please watch Evergrande in the next TWO WEEKS. Evergrande's debt is like a building hanging completely off the cliff, supported by a rats nest of various currency. If Evergrande goes bankrupt, please post the most important info we need right then, because some people might lose their internet or their savings or 401Ks. They say XRP currency would survive. Imagine that if Evergrande goes bankrupt, that's exactly the time they'd turn on the 5G signals to start the Marburg virus. It's gonna get ugly in your area in the next two weeks if too many lose their heads. I wonder what Clif High is seeing in his web word search. I want to see all of you survive the Evergrande collapse. Bitcoin has to fall.

WARNING: China And Crypto About To Collapse Entire Global Financial System
The largest issuer of Chinese bonds is about to go bankrupt.
Insiders dumping, bonds have lost 60%+ of their value.
Chinese banks no longer allowed to give mortgages to customers buying Evergrande ghost apartments.
7th largest property developer in the world
lost 80% of its share price
The entire Chinese junk bond market will collapse if the CCP allows Evergrande to go under
Evergrande no longer allowed to issue bonds, have flooded the market with short term CP instead to stay afloat.
Tether have confirmed they own Chinese commercial paper.


Tether is 80% of BTC volume.
Even if Tether once had $64 billion dollars, the value of their Chinese commercial paper would be down at least 30%, and at least 50% if it's Evergrande.
There's no way they can exit their position holding such a huge amount of paper
If Evergrande goes bankrupt, Tether goes to 0.
If Tether goes to 0, 80% of crypto volume disappears overnight.
Bitfinex would dump their 200k BTC holdings as the executives try to flee.
Tether exchanges would almost definitely do the same - they hold another 600k BTC.
Confidence will be destroyed as institutional idiots realize they have done absolutely no dd [due diligence?] on crypto and just fomod into green lines.
Big bags will have to be liquidated - MSTR would collapse and liquidators would come for its 100k BTC, desperate to sell before the market collapses to try recouping their $500m SECURED bonds.
NASDAQ would dump.
TSLA would dump.
Probably market-wide correction of at least 20% as overleveraged institutions get margin-called.
US junk bond market defaults become widespread.
Interest rated on junk bonds skyrockets.
Companies unable to roll over debt.
Even profitable companies would have to reign in dividends, buybacks, and cut spending to pay down their debt load.
PE skyrockets 08-style as earnings collapse.
Without buybacks, the "no dividends" Ponzi mechanics of the US stock market falters.
We're on the verge of a very big happening and I've never seen /biz/ talk about it.



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AN EXPLANATION OF THE FACTIONS