The Chinese Economy heavily relies on the Property Sector, which contributes approximately 25% to its overall output. However, the recent downturn in the property market has posed significant challenges for China. Recent data indicates that the decline in property prices is gaining momentum. To address this issue, China has introduced additional measures aimed at revitalizing the property sector. These measures include providing more affordable mortgages, reducing the required down payments for mortgages, and allowing local governments to purchase unsold apartments. In a video, Joe Blogs examines whether these new initiatives will entice buyers back into the market. He also reviews S&P Rating’s perspective on how these measures may increase risks for Chinese banks and discusses the potential impact on the Chinese Economy.
Sean Foo discusses the repercussions of the expanding trade war, highlighting the decision of Chinese electric vehicle (EV) giants to withdraw from Germany due to declining demand and anticipated penalties. This exodus of companies poses a significant concern for Germany’s economy. Simultaneously, Estonia has recently implemented a legislation to seize Russia’s frozen reserves, reflecting the European Union’s gradual approach towards complete confiscation. Observing such developments, countries like India are repatriating their precious gold reserves as a precautionary measure. Stay informed about these significant events!
Gregory Mannarino offers a glimpse into the future of the markets, highlighting an imminent freefall. Moreover, he sheds light on the unfolding of yet another grand deception, urging us to be aware of the intricate web of events that may impact our financial landscape.
A nation has recently introduced a gold-based currency after a gap of 25 years. The United States moved away from the gold standard in 1971, with Switzerland being the final country to do so in 1999. However, Zimbabwe has now unveiled its gold-backed currency, Zimbabwe Gold, on April 30th. Zimbabwe Gold, also known as ZiG, is the first gold-backed currency to emerge globally in 25 years, yet it signifies Zimbabwe’s sixth attempt at introducing a new currency since 2009. Despite emphasizing the stability provided by gold, a feature absent in the previous five failed currencies, there are underlying complexities to consider. To delve deeper into the intricacies of Zimbabwe Gold and understand why the success or failure of this currency is of interest to BRICS, it is recommended to watch the informative video provided by APMEX. This development has sparked curiosity among various stakeholders, making it a significant event in the financial landscape.
Steven Van Metre discusses a critical warning issued by Bank of America, highlighting the potential risks faced by all account holders.
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Joe Blogs
Jun 2, 2024
The Property Sector accounts for around 25% of the Chinese Economy and the Collapse over the past few years has caused major problems for China. The latest data shows that the FALL in Property Prices is now accelerating. China recently announced additional measure to save the property sector including offering cheaper mortgages, offering mortgages with lower deposits and allowing Local Government to buy unsold apartments. In this video I discuss whether the new package will attract buyers back into the market, review S&P Rating’s opinion that it will increase the risks for Chinese Banks and discuss the potential impact on the Chinese Economy.
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Sean Foo
Jun 2, 2024
As the trade war spreads further, Chinese EV giants are calling it quits in Germany. Demand is crashing and punishments are coming so companies are leaving. This isn’t good for Germany’s economy. Meanwhile, Estonia has enacted a new law to confiscate Russia’s frozen reserves as the EU inches closer and closer to total seizure. Countries like India are seeing this and taking their valuable gold reserves home. Here’s what to know!
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Gregory Mannarino
Jun 2, 2024
MARKETS A LOOK AHEAD: FREEFALL… Another “GRAND DECEPTION” Is Unfolding.
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APMEX
Jun 2, 2024
For the first time in 25 years, a country has released a gold-based currency. The United States officially left the gold standard in 1971, and Switzerland was the last to abandon it in 1999. But on April 30th, Zimbabwe officially launched its gold-backed currency, Zimbabwe Gold. Zimbabwe Gold (ZiG, for short) is the world’s first gold-backed currency in two and a half decades but marks Zimbabwe’s sixth currency attempt since 2009. While this one claims the security of gold, something the previous five failed currencies didn’t have, there’s more to it than meets the eye. Watch this video to learn more about ZiG and why BRICS is probably closely watching the currency’s success or failure.
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Steven Van Metre
Jun 2, 2024
Bank of America Issues Critical Warning: All Account Holders Are at Risk
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