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Prediction Financial Collapse
#41
According to zero hedge article Goldman Sachs purchased 50 billion in Deutsche banks bad bank risk junk today. Another Chinese bank had a run on it but hasn't been bailed out yet(yingkou coastal bank) and it appears that about 13 percent of the banks in China are at great risk right now and about half would fail financial stress test.
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#42
According to zero hedge one of China's biggest precious metals dealers looks like it can go into default by December 16. Teewoo is state owned and once was in the top 200 largest companies in the world...it already has been in partial default since summer. Bix Weir said it in all likelihood is sitting on silver deritives and can cause trouble in the silver market. Either the shareholders will default or face a 60 percent loss deciding on what they will do before dec 16.
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#43
If the tariff's with China actually kick in on December 15 you can bet that the stock market and everything thing else will go down...the stock market is down over three hundred points today on no deal on tariffs talk. According to zero hedge A Chinese company called China First Wealth plunged by billions in stock value last week.
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#44
Trucking company Celadon is expected to file bankruptcy this week leaving 3,200 people without jobs. It will the biggest trucking company bankruptcy in US history. The trucking industry is not having a good year with 640 companies having filed for bankruptcy alone this year.
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#45
wow. I had no idea
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#46
Trucking company Celadon filed for bankruptcy today(Monday).
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#47
and they told you everything was just fine...the unemployment rate was really 3.5 percent. The repo for the banks is now up to 362 billion today and one prominent economist believes there will be a crash due to it in next few days...if China tariffs(this weekend) stay put then something not good will happen and soon it will be obvious.
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#48
Trump canceled the tariffs on China today according to zero hedge.
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#49
The Federal Reserve is increasing the overnight repo's by 400 billion for a 30 day period until sometime in January so by the end of that period the overnight loans would be close to 700 billion to one trillion dollars.
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