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China’s “Lehman Moment” Arrives On 13th Anniversary Of Lehman Bankruptcy: Beijing Tells Banks Evergrande Won’t Pay Interest
According to Bloomberg, Chinese authorities told major lenders to China Evergrande Group not to expect interest payments due next week on bank loans, which takes the cash-strapped developer a step closer the nation’s largest modern-day restructurings, and guarantees that China’s “Lehman Moment” is now just a matter of days, if not hours.
According to Bloomberg, citing unnamed sources, the Ministry of Housing and Urban-Rural Development told banks in a meeting this week that Evergrande won’t be able to pay its debt obligations due on Sept. 20, and instead most of Evergrande’s working capital in now being used to resume construction on existing projects, the housing ministry told bankers, according to a Bloomberg source.
And since nonpayment of interest and principal will represent an event of default, the company is unlikely to make any subsequent interest, or principal, payments either since it will have already default even though Bloomberg claims that “Evergrande is still discussing the possibility of getting extensions and rolling over some loans.” It won’t, especially since the developer will also miss a principal payment on at least one loan next week, which means it’s game over.
Scum sure will not allow Au to stay above $ 1800.
Meanwhile energy prices march on up….but according to the scum, that means nothing.
goldielocks
The GoP shud be ready to cause a huge stink if they can show/suspect vote rigging…if they don’t bother then one despairs.
All bargains are relative.
Karora Reports Strong Lake Cowan Drilling Success with Intersection of 21.1 g/t Gold Over 3 Metres Along the Sleuth Trend and the Delineation of Two New Major Shear Zones
https://finance.yahoo.com/news/karora-reports-strong-lake-cowan-154200971.html
Vizsla Silver Announces Closing Date for Spinout of Vizsla Copper to Vizsla Silver Shareholders
https://finance.yahoo.com/news/vizsla-silver-announces-closing-date-200600083.html
Idaho Champion Gold Defines New Mineralized Corridor Through Drilling at Champagne Project
CORVUS GOLD INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Corvus Gold Inc. – KOR
https://finance.yahoo.com/news/corvus-gold-investor-alert-former-214600854.html
Wallbridge Further Expands Gold Mineralization to the East and Northwest at Fenelon with 11.60 g/t Au over 14.05 metres and 9.00 g/t Au over 10.00 metres
https://finance.yahoo.com/news/wallbridge-further-expands-gold-mineralization-103000063.html
Azimut and SOQUEM Drill the District-Scale Rex and Rex South Copper-Gold Properties in the Nunavik Region of Quebec
https://finance.yahoo.com/news/azimut-soquem-drill-district-scale-103000774.html
GoGold Drills 2,274 g/t AgEq over 0.8m and 58.8m of 111 g/t AgEq at El Favor East in Los Ricos North
https://finance.yahoo.com/news/gogold-drills-2-274-g-103000055.html
New Found Intercepts More High-Grade Gold at Keats; Extends Zone 200m Vertically Towards Surface
https://finance.yahoo.com/news/found-intercepts-more-high-grade-113000232.html
Viva Gold Drills 22.9 Meters at 1.5 g/t, Including 4.6 Meters at 6.2 g/t, on a Significant Step-Out Drill Hole at its Tonopah Gold Project in Nevada
https://ceo.ca/@accesswire/viva-gold-drills-229-meters-at-15-gt-including
Solstice Gold Announces Transformative Acquisition of Extensive Portfolio of Royalty and Property Interests in Ontario and Quebec
https://ceo.ca/@nasdaq/solstice-gold-announces-transformative-acquisition
Major Gold Discovery in New Brunswick: Puma Exploration Drills 5.55 g/t Au over 50.15 meters* on initial drilling at Williams Brook Gold Property
Maddog
Would those bargains depend on how much money one has?
Another problem California Has 1.8M More Registered Voters Than it Should – California Globe
BOMBSHELL: California Has 1.8M More Registered Voters Than it Should
Once GOP surrendered in 2020 why should they stop now.
Voting issues at El Camino Real Charter High School in Woodland Hills
Treefrog that’s better
A 74-year-old man is having a drink in Harpoon Harry’s. Suddenly a gorgeous girl enters and sits down a few seats away. The girl is so attractive that he just can’t take his eyes off her. After a short while, the girl notices him staring, and approaches him.
Before the man has time to apologize, the girl looks him deep in the eyes and says to him in a sultry tone: “I’ll do anything you’d like. Anything you can imagine in your wildest dreams, it doesn’t matter how extreme or unusual it is, I’m game. I want $400, and there’s another condition.”
Completely stunned by the sudden turn of events, the man asks her what her condition is. “You have to tell me what you want me to do in just three words.
The man takes a moment to consider the offer from the beautiful woman. He whips out his wallet and puts $400 dollars into her hand.
He then looks her square in the eyes, and says slowly and clearly: “Paint my house.”
Our needs change as we get older, and we tend to look for bargains.
I’m going to give the boy a pass on his language
He just lost his little sister killed by the vaccine. He’s in shock by a deceptive medical system that gave him the illusion it was safe and for her protection. We’re going to hear about more children dying or being injured and now they’re working on testing even younger children.
Looks like Calif hasn’t has enough punishment yet.
Look at the right lower corner.
wow!
that really came out in a strange format.
my son-in-law sent me this
$400
A 74-year-old man is having a drink in Harpoon Harry’s. Suddenly a gorgeous girl enters and sits down a few seats away. The girl is so attractive that he just can’t take his eyes off her. After a short while, the girl notices him staring, and approaches him.
Before the man has time to apologize, the girl looks him deep in the eyes and says to him in a sultry tone: “I’ll do anything you’d like. Anything you can imagine in your wildest dreams, it doesn’t matter how extreme or unusual it is, I’m game. I want $400, and there’s another condition.”
Completely stunned by the sudden turn of events, the man asks her what her condition is. “You have to tell me what you want me to do in just three words.
The man takes a moment to consider the offer from the beautiful woman. He whips out his wallet and puts $400 dollars into her hand.
He then looks her square in the eyes, and says slowly and clearly: “Paint my house.”
Our needs change as we get older, and we tend to look for bargains.
Buygold
RE Down 1 %…that smells like they are all in and fully leveraged…could get v smelly…stay up wind !!!!
So can the scum save the day…or does the SM end on it’s arse?????
That’s what is known as Top grade financial analysis.
Vaccine protest
And their targeting healthy children next.
The story’s go on past these few.
* – “My son’s classmate lost her mother from heart complications due to the vaccine.”
* – “my grandmother in law passed from J&J. Blood clot to her heart in less than 24 hours after getting it.”
* – “My sister (VERY liberal and pro-vax!) is disabled now after her Moderna vaccine, and symptoms are worsening by the day. She may not survive.”?
* – “yes like my neighbor Larry Ray. His life has been altered terribly and now he wishes he never took the vaccine.”
* – “I’m one of those. I’m 44 and went into cardiac arrest and died 2 times less than 2 weeks after getting the shot….ironic???? Coincendal? Hmmmm.”
* – “I know someone who had a heart attack after the first dose, & isn’t getting the second. I also know someone who died from the vaccine… let’s tell THOSE stories!”
* – “A friend of a parent went into cardiac arrest almost immediately after receiving second dose. They were unable to revive her.”
* – “I also know of someone who lost a limb due to a blood clot/circulation issue after being fully vaccinated.”
* – “I know someone who was FULLY Vaccinated and always wore their mask; they were recently in ICU and passed away.”
* – “My uncle suffered a stroke due to blood clots and complications days after his second chot. Would you please do a story about all these reactions?
* – I know of three people who have been hospitalized since April-ish. All 3 were fully vaccinated.
ipso facto
Re Energy
Those increases are like back in the ’70’s, they will turbo charge inflation, just like in the ’70’s.
The vast majority have no idea as utility prices don’t move that often and many are fixed….all hell will break out when they get passed on !!!!!
Amazon Boosts Hourly Pay To $18 To Hire 125,000 Workers To Sell Foreign Made Products
Whats the big deal? For 40 hours its $720/week. That means you can afford $720/month mortgage, or $720 monthly rent. Or was it the weekly take home pay to cover one month?
CHICAGO, Sept 2 (Reuters) – Walmart Inc’s (WMT.N) move on Thursday to give 565,000 of its U.S. store workers raises of at least $1 puts the spotlight on the industry’s tight, competitive labor market as the all-important holiday shopping season is set to kick off.
“When Walmart touts its average pay at $16.40 an hour, it distracts from the reality that its business model still relies on poverty wages,” said Cynthia Murray, 65, a 20-year Walmart worker from Laurel, Maryland, and a member of labor group United for Respect.
Comment:
Do any of you remember me saying long ago that if the Gov’t won’t raise the entry level wage to something logical, that at LEAST they need to encourage people to get OUT of the workforce if they are well off and don’t really need to work anymore. And or give tax incentives to those people to leave?
Well the COVID thing is doing the trick. Also note, in the past, when the Fed and Gov’t was afraid of inflation they would raise interest rates to slow inflation. Well this COVID thing did the same thing as high interest rates.
Also note, the Dow SnP and real estate have been flying like Silver and Gold during the entire 1970s. When the Fed raised rates to stop the speculation, and the dumping of Dollars for inflation hedges, the collapse in prices of antiques collectibles gold and Silver etc was a HUGE CONTRACTION of people and gov’t money supply, like a big sponge mop. Enabling them to continue printing.
So don’t be surprised if the Dow, SnP and Real Estate start dropping, like AU and AG in the ’70s, and create another HUGE CONTRACTION of people and gov’t money supply, into “money Heaven” like a big sponge mop of excess wealth. Much of it undeclared income savings. Enabling them to continue printing.