Prediction Financial Collapse

[Eagle1]

Yep, gold and silver getting hit hard

[JAWSAWTIKAL]

Wells Fargo has decided to shut down revolving lines of credit to customers and they are giving 60 days of notice today. This was on zero hedge today.

[JAWSAWTIKAL]

China had to shut down trading on the second largest real estate company evergrande today because the liquidation of it's stocks were causing other junk bonds to sell off at to rapid of a rate. This was on zero hedge today. Evergrande might be China's Lehman brothers moment. Unemployment benefits end today for about 9 million americans. Food prices rose the highest in a decade in August according to an article on zerohedge today.

[JAWSAWTIKAL]

Evergrande has hired bankruptcy lawyers and a lot analysts are this trouble with evergrande is a bid deal.

[JAWSAWTIKAL]

Evergrande halted it's own bond sales and it looks like it's going to go belly up sometime soon. This was according to two articles on zerohedge today.

[Eagle1]

Repo market remains close to $1T per day. WTF? How long can that circus go on?

[JAWSAWTIKAL]

I don't think very long at this rate it can keep this up. I think when US pulled out of Afghanistan it was due to things they know are going come break point with the world economy within a year or closer. Pat Tillman found out the hard way that the troops were sent partially Afghanistan in order to keep the opium/heroin making protected so they could keep the economy afloat. Jim Willie said that a high ranking military official informed him that in 2011 George Bush SR had to release 14 billion in drug trafficking money in order to keep Bank of America solvent. I think with them leaving Afghanistan the towel was finally thrown in on keeping this all going forever. Is it any coincidence that Hurricane IDA came through and exposed just how vulnerable the power grid is to natural disasters with the main tower to New Orleans being knocked out? Now, the cumbre vieja volcano is looking like it's going to erupt very soon and the risk of it collapsing and causing a mega tsunami?

[JAWSAWTIKAL]

Definite fallout today in the financial sector and more problems to come on evergrande's default. There are at least 5 or 6 articles on zero hedge today due to various problems worldwidw evergrande default is causing and it includes the banks eventually.

[JAWSAWTIKAL]

The last couple of weeks 3 or 4 more land developers have also defaulted on loans and this has caused the bonds for these land developers to 63 percent of their value so far.

[DreamerOracle]

So how's it looking for a Great Depression scale collapse next year? Still not sure exactly what the Tomb Stone with the date 4th July 2022 actually may refer to, end of the Dollar?
I took it as the date being special to the US as being the main clue... We will have to wait and see.

[JAWSAWTIKAL]

The housing market is showing bad signs of distress now. Zillow has stopped buying homes and losing a lot of money on flipping houses. The real estate stocks in the usa dropped by 15 percent on Tuesday on a report I saw on you tube. Chinese tech giant alibaba lost over $300 billion in worth recently. The real estate companies in China are scrambling to make their bond payments Fantasia and Modern Land have also defaulted on bonds now. There are more real estate companies having to make payments on the bonds in China in the next 10 weeks or so according to a recent article on zero hedge.

[JAWSAWTIKAL]

Turkey may be on the verge of hyper inflation as the Lira hit a new and expected to go to a even greater low this week according to zero hedge. Both Evergrande and Kaisa missed bond payments last week and fitch has called default on both Chinese companies. US land developer Open door stocks plunged big time last week like Zillow has done. These last two I have seen videos on you tube.

[JAWSAWTIKAL]

Turkey's stock exchange was halted today as the Turkish continues to lose value at 16 to 1 to the dollar.

[JAWSAWTIKAL]

In China Shimao land developer has defaulted and China's largest one Modern World(bigger than Evergrande) is scrambling around to make a bond upcoming and may default, also. The stock market doesn't seem to be rebounding anymore. Silver still seems to be getting smashed down at this point by the banks.

[DreamerOracle]

Could be the big crash this year... July 4th 2022 but that all relies on my interpretation being correct.

[JAWSAWTIKAL]

There is one you tube channel that is the most informative about Evergrande and China property collapse that I have seen so far is called Joe Blogs. Todays video on Oaktree( a usa hedge fund) has seized land and property in Hong Kong and mainland China on money by evergrande from Oaktree to the tune of almost a billion dollars. Oaktree is a huge hedge funs that manages 67 of the top 100 pensions plans of companies but also has 40 out of 50 state pension plans and 300 college and endowments. Oaktree has been doing really well and the billion possibly lost in China wouldn't bankrupt them but it gives a perspective of the financial entanglements involved with corporations when things like this unravel. A video of the problems of suppliers of evergrande are having now due to plummeting construction in China this affects paint manufactures, building materials, furniture and other household apllianes etc companies are having and the disruption it is causing to worls supply for these materials. The avalanche has just begun with this and it will roll a lot further in the near future without doubt.

[JAWSAWTIKAL]

META (Facebook) had the largest loss ever on the dow jones this week with it losing $251 billion in value.

[JAWSAWTIKAL]

The Russian stock exchange has been closed for about a week now. Gazprom Russiam oil company has lost 90 percent of it's stock value and Russia's largest bank Sprebank is close to collapse with it's stock price down below one dollar according to wall street millineal on you tube. Of, course the higher gas prices go without saying here in USA now.

[JAWSAWTIKAL]

Amazon.com reported 4 billion loss first quarter of this year and ford truck and car sales were down 80000 some vehicles from the same quarter last year. 2012 sales were 492,000 and this year 410,000 and gm sales were down just as much as Ford's this first quarter.

[JAWSAWTIKAL]

Too much is piling up right even to list here of bad economic news. 7th worst day for the dow jones in history today, SRI LANKA as a country has defaulted on it's loans and they rationing power there now. JP Morgan predicts gas will be $6.30 a gallon by August of this year.