Post #596 Evergrande Will Cause A 90% CRYPTO MARKET CRASH | Tether And Evergrande Fraud Explained
While the media might be trying to make it seem like the Evergrande situation is over, resolved, and a non-issue, the truth is that there are still an awful lot of questions that have yet to be answered. The other day alone, it was rumoured that Evergrande was about to be soft-nationalised, then just a few hours later, new rumours emerged suggesting that Evergrande was going to be left to fail.
We do think that Chinese currency bonds are going to be repaid but it seems like they will allow US dollar debts to be ignored with no consequence. And the big one in my mind, the one that really came out of left field, that sounded ridiculous at first, is the connection between Evergrande, the Chinese property market, and Tether, the crypto-currency stable coin.
