RED ALERT! Evergande Defaults on DOMESTIC bond as Chinese Home Owners STOP PAYING BANKS!
Road To Roota: 7-15-2022
The Evergrande failure is one of many things that can pop this Global House of Cards and Chinese home buyers are now stopping payment on mortgages by the MILLIONS!!
This has lead to a domestic Evergrande bond default which SHOULD trigger a TOTAL DEFAULT by Evergrande.
Once that is declared officially by the rating agencies the Derivative Bubble will be hit with a thousand Samurai Swords!! Here we go…