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This compilation of financial-related insights includes videos from Sean Foo, Heresy Financial, Michael Cowan, and The Atlantis Report.
Sean Foo talks about China angering the West with how they won’t destroy their economy. Heresy Financial discusses if the Dollar is in danger of dying. Michael Cowan reports tax payers are being forced to bail out central banks that can print money out of thin air. The Atlantis Report brings news of how China’s economy is going to pull us under.
Sean Foo
Aug 30, 2023
While the West is calling for China to launch a massive stimulus program, China is still tiptoeing around the situation by only cutting interest rates. While China might try to lower mortgage rates, they likely won’t bail out their real estate developers to protect their economic future. Here’s why China is defying the West and why their refusal for a full stimulus bailout could crash the global economy.
Heresy Financial
Aug 30, 2023
Is The Dollar In Danger of Dying?
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Michael Cowan
Aug 30, 2023
Outrage! Tax Payers Forced To Bail Out Central Banks That Can Print Money Out Of Thin Air
The Atlantis Report
Aug 30, 2023
It’s no surprise that China’s economy is in big trouble, and today we’ve got the latest financial news, and how this crisis will impact the United States.
The Evergrand Group, the world’s most indebted real estate developer, has reported a significant narrowing in its net losses for the first half of 2023, thanks to a rise in revenue because of a “short boom” earlier this year.
But its stock still plunged more than 70% on Monday August 28th, when it resumed trading following a 17-month suspension, even as shares in most Chinese property firms traded higher after a series of weekend announcements by officials aimed at boosting demand for property.
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For years, the Shenzhen-based company was one of China’s largest property developers by sales. But it had borrowed heavily to fund its expansion and defaulted on its debt in 2021, sparking a crisis in China’s real estate sector, which once accounted for as much as 30% of the country’s economy. Earlier this month, it applied for bankruptcy in the United States.
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