More News, Rumors and Opinions Monday PM 1-29-2024
TNT:
CandyKisses: Court ruling to liquidate "Evergrande", China's largest real estate company
Economy News Follow
A Hong Kong court on Monday ordered the liquidation of China's Evergrande Group, China's largest developer, over its high indebtedness, dealing a blow to investor confidence in the Chinese economy.
This came in a statement issued today by the city's Supreme Court, after the Chinese real estate giant and its external creditors failed to agree on how to restructure the company's massive debt and financial obligations of $ 333 billion.
The statement quoted Judge Linda Chan in the ruling: "It seems to me that the interests of the creditors will be better protected if the court liquidates the company, so that the independent liquidators can take control of the company."
In 2021, Evergrande defaulted, sparking a real estate crisis in the Chinese economy, the effects of which are still reeling today.
Today, the Chinese stock market faced volatility in its indices due to the court decision, while the market lost about $ 6 trillion in the market value of listed companies, since its peak in February 2021.
Chinese developers face outstanding liabilities of $100 billion this year, and the financing arms of local governments also have $650 billion in outstanding debt, according to official data.
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Tishwash: Military(Iraqi) expert: America will not leave Iraq without a long-term security agreement
Military expert Sarmad Al-Bayati confirmed the impossibility of the withdrawal of American forces without concluding a strategic security agreement with Iraq, noting that the Iraqi airspace is exposed and America can never leave it without sovereignty.
The Iraqi military expert, Sarmad Al-Bayati, said in a statement followed by Mawazine News: “There is a big difference in the statements between Iraq and the United States, and some may be confused about what is happening, despite what was announced about the formation of an American-Iraqi military committee to sit with the international coalition.” ".
Al-Bayati added: “But those sitting on the Iraqi side in this committee are figures who have nothing to do with the issue of the withdrawal of coalition forces, including the Federal Police, whose work is linked to NATO, so they focused in the meeting on assessing the threat of ISIS and operational training, in addition to the most important One point, which is to strengthen Iraqi armed capabilities.”
The military expert stressed that "it is impossible for any withdrawal of international coalition forces to take place if the strengthening of armed capabilities and control of Iraqi airspace is not completed. Therefore, cooperation continues with the coalition, and even if a withdrawal occurs, the American forces will take a long time on this matter."
Al-Bayati stressed, "The American forces will not leave Iraqi airspace uncontrollably, so there will certainly be a strong security agreement between Baghdad, Washington, and the international coalition, and it is not easy to leave Iraq an easy prey for ISIS."
The Iraqi expert explained, "The Americans actually work in Iraqi military bases as advisors, but there are other forces to protect them, and thus their secrets and policies in the region remain with them. It is not easy to know their true number in Iraq, because they do not give their combat position to any party."
Al-Bayati ruled out that there would be any forced exit of the international coalition forces from Iraq, because the matter would have a negative impact on the entire country. Therefore, no forced evacuation of them would occur, but rather after assessing the situation regarding the extent of the threat and danger of ISIS.
American forces returned to Iraq in 2014 as part of the international coalition forces, at the request of the Iraqi government to support them in confronting ISIS, which invaded a large part of the lands in the north and west after the collapse of the Iraqi army units. link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Germany had a marshal plan. Japan had a marshal plan. Iraq to me is a Marshal Plan. What does that mean? It means after the war they're going to rebuild the country. After Germany, rebuilt. After Japan, rebuilt. And what did they become? Economic powerhouses...Is Iraq going to be the economic powerhouse in the Middle East? ...That's what it looks like. Who helped them get there? ....United States of America...United Kingdom...Canada...Japan...Korea, everybody...
Militia Man An investment budget it's not going to work at 1310. They don't have enough dinar to do that...The project is to delete the zeros off the exchange rate. Once they have done that, they've applied the Real Effective Exchange Rate they're going to have to do things differently. The world knows that. WTO...Bank of International Settlements ... IMF...US Treasury...US Fed - everybody seems to be the ones that are knowing it but they just haven't quite done it yet or are they working to finish a process that is highly complex? That's my opinion...
LIVE! A DEAD SYSTEM... And THEIR KEY To A NEW ONE. Its ALL UNFOLDING RIGHT NOW...
Greg Mannarino: 1-29-2024
Vince Lanci: Jim Grant On The Role of Gold As Money
Arcadia Economics: 1-29-2024
While most of the financial world is not thinking about it yet, we're in the midst of a change in the global monetary system. The safety of the US treasury as the reserve asset is being called into question, as central banks and a growing list of well-known investors are shunning the treasury in favor of gold.
And in today's show, Vince Lanci looks at a recent column by legendary investor and analyst Jim Grant, that talks about the role gold has held, how it's currently viewed, and why that's changing.