Dominoes are falling: here's what to expect

Chinese Housing Market Collapsing and Truckers mandate

As we know, the Elites want to impose a Great Reset on us all. The next big step for them to usher their New World Order –a New Normal– is a financial collapse. Today, Fitch has downgraded Evergrande to “restricted default” due to non-payment of offshore bond dues.

This will have incredible repercussion on the global financial market. The system seems more resilient then it looks at first, but that’s only because of the governments not wanting a full financial collapse.

Let me quote Tyler Durden from ZeroHedge: "The defaults of Evergrande and Kaisa move us to the second step of this China Property downturn, with systemic risk being gradually replaced by idiosyncratic risk," said Robin Usson, credit analyst at Federated Hermes. He is of course referring to the much bigger risk that is the downturn in China's residential - and in general property - sector, which as Goldman recently showed is the world's largest asset and arguably the most important pillar propping up China's entire economy. Should China's housing market crash, all bets are off.”

How bad can the contagion be?
I truly don’t know. Investors will have to forgo all offshore bond. That’s for sure.

Shall the Chinese housing market collapse, we could see some major repercussions…

Could the Elites plot a trifecta of problems in January? 30 000 truckers are about to get laid-off in January due to the vaccine mandate. Chinese Housing Market is collapsing. People are dropping dead due to ADE.

Fun times ahead.
Stay strong! Fear not. Eyes wide open.
JP

Read further: Reddit discussion on Evergrande.
Sylvain Saurel excellent analysis on the situation.
Gail Tverberg’s article on the finality of our economy.
Bloomberg article.