China’s Evergrande OFFICIALLY defaults on its dollar debt, Kaisa Group also Defaults, Clear signs of economic DEFLATION – Central Bank liquidity reaching its limits? #LateStageSocialism – December 9, 2021

Because the debt is dollar-denominated, the Central Bank of China and/or the Chinese Communist Party doesn’t even have to pretend to care about what happens to Evergrande. Maybe politically they might want to look at it? But it’s not like everyone in China has a stake in Evergrande, this is more of an idiot Westerners who invested in Evergrande losing their money problem.

Unfortunately, it wouldn’t surprise me if these idiot westerners who invested in Evergrande were pensioners? I do my own investing and there’s no way in hell I’d INTENTIONALLY invest in China, maybe some of my investments have ties to China that I’m unaware of, but I’d never intentionally invested in China, being that Western Pensioers are some of the biggest supporters of Socialism, this is not a subject I’m too fond of, sometimes companies need to restructure, if the CCP allows Evergrande to fail they’ve officially become more capitalistic than Barack Obama and the Federal Reserve, who bailed out BAD IDEAS.

Below is a video of U.S propagandists trying to sell people on why Evergrande should be bailed out? Regarding Americans investing in China, that’s the U.S government’s fault, for making Communist China look so good, that’s it makes more financial sense to invest in China than it does to invest in America. Like enough with the NONSENSE! This is what annoys me about all forms of Mainstream media! take a listen

Western governments allowed labour unions to flourish and overly regulated the financial markets while forcing more people into the stock market who shouldn’t be there, of course, this laid the foundation for a government bailout, and here we are 15 years later and central bank interest rates are still at zero? This was done to avoid the economic crash in 2007-2008 to bail out failing pensions. In China, as many people know, the Chinese people are savers, they save a lot of money in China, Hong Kong, Taiwan. The Japanese are also known to be good savers of currency.

Why should the CCP debase their currency when Evergrande was paying out in dollars? Being that the CCP is trying to scare Taiwan into submission, maybe it attempts to allow its currency to rise? All of this is so stupid, Western nations already know socialism doesn’t work, but here we are trying it all over again, to the point that Communist China is more capitalistic than a lot of western nations. So far at least Evergrande is NOT TOO BIG TO FAIL. Nothing makes me happier than watching a bloated corporation fail.

I hate malinvestment, I hate bad ideas being allowed to flourish I hate central banks deciding interest rates, whether you’re on the left or right side of the political aisle, watching Evergrande fail should put a smile on your face. The best part of capitalism is watching bad companies go BANKRUPT! Why can’t the vultures and other scavengers eat too? Why are we protecting the rich? Labor unions are a BAD IDEA, social security was a bad idea, the new deal was a bad idea, The Great Society was a bad idea, the federal reserve was a bad idea, the plunge protection team was a bad idea, bailing out wall street was a bad idea all of these bad ideas shaped today’s politics so if you’re wondering why in a period of great abundance there’s still a lot of poverty, consider allowing these big-government bad ideas to fail or go bankrupt.

China’s Evergrande defaults on dollar debt | aljazeera.com

Fitch Ratings cuts property giant’s long-term foreign currency issuer default rating to restricted default.

Interesting times ahead!