News

Evergrande Bankruptcy Threatens Global Crash

The name is almost unknown in the West outside of financial expert circled, but 'Evergrande' could all too easily become the new byword for economic catastrophe. Evergrande is a giant Chinese real estate development company, which is teetering on the edge of bankruptcy. The developer, which directly or indirectly employs around four million people, has accumulated around $300 billion in debt that it cannot repay on time.

Evergrande Real Estate – or Heng Da Group in Chinese – owns more than 1,300 building projects in more than 280 cities across China. Founded by the former Chinese steel executive Xu Jiayin in southern China in 1996, it is now China’s second-biggest property developer by sales. Its businesses range from property development to wealth management.

Financial analysts have concluded that, if the company goes under, creditors will only get back between 0% and 10% of their money. Former Fitch analyst Dr. Marco Metzler is warning that the bankruptcy of real Evergrande could trigger a global financial crisis. 

Metzler, correctly predicted the bankruptcy of Mannheimer Lebensversicherung in 2003, and his two co-authors - Michael Ewy and Asia expert Duc Dam - demonstrate in detail in the report for German market screening agency DMSA that international investors alone have put around 23.67 billion US dollars into 23 bonds and three large loans for the lurching property developer. Among the already known institutional investors are such well-known addresses as Fidelity, Blackrock, UBS, Ashmore Group, Prudential, HSBC, Pictet, Vontobel, BNP and Allianz. "At the same time, we are far from aware of all international investors, but only 148 investors with increased reporting obligations, such as fund companies, who have invested a total of $3.44 billion, are known. There could still be some negative surprises here," believes Dr. Metzler.


USA issues passport with ‘X’ included as gender option

The U.S.A. is now issuing passports which allow individuals to select ‘X’ as their gender.   

The U.S. State Department announced the new passports yesterday, saying that the new option is for “non-binary, intersex, and gender non-conforming persons.”


Let's Go Brandon Goes to Top of Charts

BigTech censorship has failed to stop 'Let's Go Brandon' soaring to the top of the charts!

Rapper Bryson Gray wrote “Let’s Go Brandon,” paying homage to the meme that has made the rounds on social media after a NASCAR race at Talladega on October 2. The phrase pokes fun at an NBC anchor’s attempted cover-up of the crowd chanting “F*** Joe Biden,” claiming that they were cheering racer Brandon Brown for his victory.


Two thirds of French people believe white Christians are 'threatened with extinction' by Muslim migration

Two thirds of French people think white, European, Christian populations are being 'threatened with extinction' by immigration from Muslim and African countries.


Wars and Rumours of Wars

Matthew 24: 3 - 13

Read and ponder....


Disney Division Hosting Drag Queen Story Hour

A division of the Walt Disney Co. is hosting a drag queen story hour event aimed at the children of employees, with the intention of celebrating the “gender fluidity of childhood” while providing kids with “unabashedly queer role models,” according to screenshots of leaked internal emails.


Gab’s Statement on President Trump’s Social Network

Christian alternative social media network Gab has issued the following statement. If by chance you're not already on Gab, we recommend you join right now!


Austria: Thousands of peaceful pro-lifers march as aggressive protesters kept back by police

As thousands of pro-lifers walked through the centre of Vienna in this year’s March For Life, the police had to step in numerous times to prevent highly aggressive protesters from disrupting the peaceful march.


Russian Church To Help Christian Immigrants VIDEO

The steady trickle of Christian 'refugees' moving to Russia from the insanely liberal West is growing - and the Russian Orthodox Church is now actively helping.


The Knights Templar Order
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