Having sold its Gulfstream Jets, dumped assets (at fire-sale prices), and seen its CEO forced to pledge his Hong Kong mansion as collateral for a loan , it appears – as we warned yesterday – that time is up for Evergrande bond (and stock) holders.
Specifically, offshore (dollar) bondholders did note receive coupon payments by the end of a 30-day grace period, pushing the cash-strapped property developer closer to formal default.
And after this missed payment, there are billions more coming due… and soon ($300 billion in total liabilities) S&P says it continues to believe that a default by the Chinese […]
Read the rest of this story here: www.zerohedge.com
The Biden Regime and Globalists Don’t Want You Owning Precious Metals
Look around. Things aren’t the way they should be. Between Pandemic Panic Theater, Ukraine, food shortages, and a push for Central Bank Digital Currencies, everything you’ve spent your life building and protecting is in jeopardy.
Precious metals are historically the most reliable and safest hedge against economic turmoil. With the Biden regime and globalists enhancing the chaos, it’s important for patriotic Americans to take control of their financial future.
Ira Bershatsky offers consultations to those who want to invest in precious metals. During these consultations, he will match your current financial situation with the best physical precious metal purchases whether you want to rollover your IRA or have coins discreetly shipped to your home. You will not talk to a telemarketer or sales rep. You will talk to a true expert in precious metals with decades of experience helping people protect and advance their wealth.
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