China’s banks face mortgage losses of $350 billion in a worst-case scenario as confidence plunges in the nation’s property market and authorities struggle to contain deepening turmoil. A spiraling crisis of stalled projects has dented the confidence of hundreds of thousands of homebuyers, triggering a mortgage boycott across more than 90 cities. Get the full story here. Meanwhile China’s factory activity unexpectedly contracted in July, reversing earlier economic momentum as sporadic Covid outbreaks weigh on the recovery, and real estate giant China Evergrande — the world’s most indebted developer — failed to deliver a “preliminary restructuring plan” it had promised by the end of July.
Do you think they knew where the Grain Exporter and his wife were at the time or just a lucky strike after thousands of rockets...
how on earth is europe ever going to be able to justify talking to this country....
Makes the UN look pointless only you cant do without it as it would signal no hope for man kind ever.
Well yes, however every time after the big stand down once every seculum or so, after many people have died and after the winners counted their blessings as well, it is the habit of the winners to change the world order.
They did this last time in the conference of Yalta (a city on the Krim - what irony!) in 1945 in preparation for the end of WW2 ... and created the current world order where the worst crooks like Putin or Xi are able to control or at least stall the United Nations.
I am sure they will create a new world order after the retirement of the warlord and murderer Putin. Just not sure whether he will retire in the blast of a nuclear explosion, as a guest of state in North Korea or hanging under some Wolga bridge. I honestly hope that he will follow the glorious example of Mussolini (one of the WW2 crooks) - that's what he deserves.
Anyway - pretty sure Russia will not keep its Veto "rights". Not sure yet about China, I recon this depends on whether they are able to educate or get rid of their resident crook before it is too late.
Last edited by BlackPeter; 01-08-2022 at 06:10 PM.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
or BP it could all go like "Death of Stalin" and they shoot him in 14 months time when it becomes clear that the brave new world of trade really only includes China and the Kremlins cant sell there Italian holiday home as Europe doesnt come to the party...
Sell any Euro's now as you might get them cheaper in a few months time...
Movie tonight is "Dear Comrades" filmed in 2020 in russia ..
set in 1962 black and white ...
Its 1962, the village goes on strike, the father says " temporary hardships, Kennedy should drop a nuclear bomb on us and hardships will be gone "
oh dear its 2022 and oh dear "Temporary Hardships are back" .
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Originally Posted by Waltzing
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