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/biz/ - Business & Finance


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49393526 No.49393526 [Reply] [Original]

What happens if evergrande defaults? Will it cause a global financial crisis?

>> No.49393541
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49393541

Nothing will happen, Evergrande and all the fearmongering surrounding it is pure schizo tier.

>> No.49393570

>>49393526
This is posted every god damn week, Evergrande must have "collapsed" hundreds of times by now
inb4 "This time it's for real"
No it's not, just like all the other times

>> No.49393612
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49393612

>>49393541
>nothing will happen
True. Some countries central bank will just print money to cover the deficient and pretend like this fixes the problem with no ill effects.

>> No.49393732

>>49393526
Monetary debt is based on the fundamental concept of growth in money circulation. Without the necessary means of people to support the circulation the intrinsic value of money will diminish which will lead to precipitous fall of GDP. Banking system cannot survive without the rise of credit. Thus Collapse of China is imminent.

Example :- https://asia.nikkei.com/Spotlight/Caixin/As-debt-mounts-Beijing-halts-two-high-speed-rail-projects

> what happens next
Same old shit, it's all cyclic. This exact thing has happened multiple times in Chinese history already.

>> No.49393782
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49393782

>>49393526
>global financial crisis?
yes, but only for you western imperialists

>> No.49393835

What happens if Chuck sells up? Will it cause a global seed and feed crisis?

>> No.49393839

>>49393612
Printing money only works in demographically expanding states, you can import migrants, but that is temporary, fertility rate is crashing across the world, in next 20 ~ 40 years, this option will get completely exhausted, it already has, if we take into the fact that most developing countries that were the top source of migrants have already reached replacement fertility or lower.

The thing is, in coming decades population decline will accelerate across the first world (it already is), this extreme fall in demand in first world will in turn kill off the turd world economy.

>> No.49393860

>>49393782
See this >>49393732
China is going to loose around 60% of it's population ( in normal circumstances) by the end of this century.

>> No.49394284

It will either be good or bad for the global economy, no two ways about it.

>> No.49394515

>>49393860
wrong, history is subservient to technological innovation. new biotech revolution will be centered in China because reactionary egalitarians in the west despise it. China has CRISPR babies. the west has race riots instead. of course baizhou would rather have children with genetic disease and retardation than offend the blacks.
Chinese will genetically engineer their sons and daughters to be tall, high IQ, good personality traits, attractive, likely even blue eyes and blond hair!
Ironic, as the west becomes brown, China will become white.

>> No.49394887

>>49393526
it already has, they buried the story you can't even find it on jewgle
China cut it up but now the wave is propagating

>> No.49394948
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49394948

Guys is Deutsche Bank going to be okay?

>> No.49395451

Most likely when evergrande finally defaults for real it'll just be a cherry on the shit sunday after the rest of the economy/stock market hits a bottom when the Dow goes back to 20k.

>male unemployment is double female unemployment

That consultant making 200k working 100 hours a week- what is her exact contribution to the economy, besides selling her pussy to rich elderly men with money to get their compliance? Boomers reshaped the economy so that young men are discriminated against and have to fight for scraps so that a 70 year old boomer exec can get his rocks off like he thinks he's lothario in a 20 year old's pussy. And they've been doing this same shit for 20 years, boomers constantly going after women much younger than them and just letting society get worse.

Hmmm hmm hmm so basically my point is people who don't work or do anything positive are making a lot of money while people of actual value are unemployed due to discrimination. And we're going to see the worst depression in 100 years because of it.

>>49393570
>>49393541
The economy is already melting down.

>> No.49396315
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49396315

>>49393526
it seems currently that if any of us even breath in the wrong direction it will cause a global financial crisis
so dont
im watching each and everyone one of (you)