11/11/2021 - INTEL DROP #3 (GLOBAL FINANCIAL CRISIS)

[xotrevor]

The German Market Screening Agency, in a Research Report “Evergrande and the Final Meltdown of the Global Financial System” published on 10.24.2021 describes the ramifications of Evergrande’s bankruptcy. “This could have devastating consequences for the global economy. Supply chains could be put under even greater strain than they already are today – if they don’t break completely. This, in turn, would then inevitably lead to galloping inflation in the USA and Europe. A bankruptcy of Evergrande has the potential to lead to extreme distortions of the global financial system – with bankruptcies of players that are still considered rock solid today.” http://www.dmsa-agentur.de/download/202 ... _RR_en.pdf

U.S. consumer price inflation jumps 6.2% year over year in October, the largest increase since 1990.

China Evergrande Group officially defaults – German creditor DMSA prepares bankruptcy proceedings against the property giant (Press release) Evergrande DEFAULT imminent – no word as Wednesday $148mn payment deadline looms. After lurching from disaster to catastrophe in recent weeks, Chinese property giant Evergrande may finally be on the brink of formal default as an offshore bond coupon expires on Wednesday.

German creditor DMSA is preparing insolvency proceedings against #Evergrande and invites other bond investors to join. https://www.disclose.tv/creditor-prepar ... vergrande/

Vatican Loses $135M In Shady London Property Deal Amid Allegations Of Massive Fraud: https://twitter.com/zerohedge/status/14 ... 5534330880

China Stocks Set for Worst Day in Two Months as Inflation Climbs. China’s factory gate inflation hit a 26-year high in October as coal prices soared amid a power crunch in the country’s industrial heartland – Chinese equities dropping from the fallout, nearing their lowest level for a year. (Bloomberg)