Evergrande: Shares in cash-strapped China property giant plunge – BBC News

Comment by tonytran2015: Any overpriced enterprise in heavy debt may go bankrupt suddenly leaving its investors, creditors and employees with heavy losses.


… The firm said it is struggling to sell assets fast enough to service its massive $305bn (£220bn) of debts…

El Salvador’s Legislative Assembly approves $150M Bitcoin Trust – SAYAG

The Legislative Assembly of El Salvador has passed a bill to create a $150 million dollar Bitcoin Trust to support the development of crypto infrastructure and services across the country...

“Interest Is Significant”: Cash Is Pouring Into Crypto Altcoins At Record Rates

It is the lesser known altcoins stealing the show from Bitcoin and Ethereum of late in the crypto world, according to a new report by Bloomberg. Altcoins like Cardano, Binance Coin and Avalanche have doubled (or, in the case of Avalanche, tripled) over…

The U.S. Supreme Court Just Delivered a Fatal Blow to President Biden’s Unconstitutional Rent Moratorium Decree – Nwo Report


There’s been another devastating setback for the Biden administration on Thursday. But this time, it’s a win for Americans and the U.S. Constitution.

The Supreme Court on Thursday has ruled 6-3 against the president’s unconstitutional order to freeze rents based on the rationale that the U.S. is still in the midst of a coronavirus pandemic.

In a 6-3 ruling, the nation’s highest court removed the stay on the moratorium issued by a federal judge, who had found the Centers for Disease Control and Prevention’s rent eviction moratorium unconstitutional.

“It is indisputable that the public has a strong interest in combating the spread of the COVID–19 Delta variant. But our system does not permit agencies to act unlawfully even in pursuit of desirable ends,” the Supreme Court ruled.

“If a federally imposed eviction moratorium is to continue, Congress must specifically authorize it,” the ruling continued. “The application to vacate stay presented to the Chief Justice and by him referred to the Court is granted.”

“Upshot of ruling: it isn’t even close. CDC has no authority to issue this rule,” The Economist’s Supreme Court reporter Steven Mazie noted.

The court’s ruling is a victory for a landlord group that has been seeking to block the federal eviction suspension. The cost to property owners was estimated to be around $19 billion a month.

The Alabama Association of Realtors led the plaintiffs against the Centers for Disease Control and Prevention. The legal win has far-reaching implications for the CDC’s illegal claims to authority over U.S. policies that are delegated to the Congress under the U.S. Constitution.

Canadian investment firm plans to plant trees for every Bitcoin ETF investment – SAYAG


Accelerate Financial Technologies plans to match investments in its unresolved Bitcoin exchange-traded fund (ETF) with the planting of thousands of trees.

Fed Up With The Fed’s Abuse Of Power

Authored by Charles Hugh Smith via OfTwoMinds blog, One phrase describes the Fed’s pillaging of the nation to benefit the few at the expense of the many: abuse of power. To confess that the fate of the entire global economy now rests on the mumblings of a […]

“Investors Have Begun To Reduce Leverage” – BofA Spots “Bearish Signal” In Margin Debt


Research analysts publish dozens of complex charts that illustrate the bubble of everything continues to inflate away as central banks expand their balance sheets at record paces. These monetary wonks have distorted traditional indicators and made fundamentals obsolete, leading markets into a…

Japanese financial regulator considers imposing stricter crypto rules – SAYAG


Japan’s financial regulator, the Financial Services Agency (FSA), has started discussions around imposing stricter regulations for cryptocurrencies in an effort to provide better protection to Japanese investors.

Evergrande Crashes Again As The Bad News Just Won’t Stop

It’s just keeps going from bad to catastrophic for China’s largest and most indebted developer, Evergrande. Just days after Chinese authorities called for indebted (some would say insolvent) property giant Evergrande to resolve its debt risks during a rare meeting with executives Thursday and warning […]

European Luxury Stocks Tumble On China’s “Wealth Redistribution” Plans

European luxury stocks slumped, and were among the worst performers in Europe’s Stoxx 600, after Chinese state media this week said President Xi Jinping offered an outline for “common prosperity” via “wealth redistribution” – who know that China was communist after all – that includes income […]