Well, i guess my new name should be nostradamus much like nostradamus. I can predict the future, especially if it's bad - and i told you this is going to happen with evergrand and all you all thought i was kidding. I told you once we get to the dollar denominated debt payments, then we're gon na see. What's the real story, because the local chinese payments you can make go away quite easily, you can plaster that away.

No problem you can cover it up, but when it comes to the foreign money, then you actually have to pay and they had to pay two coupons: 83 million dollars, not a lot of money for a company like evergrand and of course they finally defaulted. After even the grace period passed, these guys didn't even pick up the phone when the credit rating agency fitch called them to ask. What's up, can you imagine how bad it is now the worst part about it is this failure is about to trigger an automatic default on 19 billion dollars of other debt. This was supposed to protect speaking about fitch.

They actually didn't even get an answer from the company what's going on, they have to assume that this thing was not paid, because these guys are literally docking. Their phone calls now fitch obviously downgraded the company to restrict the default, which is about to send the whole chinese property market into a spiral it's about to get real nasty. Okay. So, first of all, you need to understand that this 19 billion - i just mentioned - that's going to get automatically defaulted because of this failure to pay it's just a drop in the ocean.

They still owe they ever grant 300 billion dollars. They obviously can't repay and that's gon na have a collateral effect on the entire chinese property market and as evidence, i can tell you that, on the same day, we had evergreen news. Kaiser group were also downgraded by the same fish. I don't know if somebody picked up their calls here for missing a 400 million dollar bond payment.

Now their default puts another 11 billion for automatic triggering for default, which means this is just the first episode of a multi-seasonal series. This is just a preview, but if you watch my channel, you knew this storm is coming well. That is, unless your mainstream media or ray dalio, who claims china is about to take over the world, give me a break. So the real question at this point is what the chinese government is about to do about this cluster freak, because it's a big problem: they have two options.

Really none of them is really good. One is to let it burn two is to bail them out now. Yesterday, the head of the chinese central bank - i don't remember his name, let's call him! Oh my god, we're came out and said: well we're not going to bail out everground nor kaiser we're going to let the market completely shred them to pieces because it's their fault. Now the reason they said - there's not going to be a bailout is because of three reasons which i'm going to break down right here, because you need to understand why they're saying this: it ain't because they're nice number one it's a political reason.

They don't want to appear weak in front of the chinese people if they bail out bad bankers up they pretty much the same thing as they're preaching against they're behaving like the us, which they you know they like to preach. How the us is basically failed with dealing with these sort of crises, but that's the least of these reasons. The real reasons are actually coming up right now. Reason number two, basically we're having a situation here of epic proportions.

This is a christmas party right now. The only ones who are about to get screwed by this is the foreign born holders, mainly u.s bondholders. You know what the u.s bondholders have their balls. It's the only thing they can hang on at this point because they have no bargaining power with the chinese government.

Remember when i told you this: how if you invest in china, you have no bargaining power. This is exactly what's going on right now, china's decided to let the foreign bond holders jump in the grenade and there's nothing. They can do about it, they're getting suckered and that's pretty much. What happens when you go to bed with dogs? Don't be surprised when you wake up with fleas.

I told you this about china. They can't play by their own rules and then a goddamn thing in this world. You can do about it now. There's a third reason which is actually kind of interesting, and it has to do a lot with what's going on in china - is basically the same thing that happens with alibaba.

Indeed, the chinese government would love to weaken the corporate strength of these mega corporations because they're getting too strong. That's why they took apart didi. That's. Why are they chipping away? Alibaba, that's why they had it out with jack ma.

They don't want corporations to become too strong like a facebook or google and amazon in the us. They want to keep them at bay, and every grant, which was one of the biggest players on the chinese market, is about to handle the problem for them. They didn't get to do. All they got to do is wait for the pieces to fall.

Foreign born holders are going to get screwed and they're going to break it. Apart to a million different small companies, completely eliminating the power that evergren had win-win for everybody. If you're, the chinese communist party in another news, surprise, surprise, i hope you're preparing the shocked face pfizer. Just let everybody know the fourth booster shot will probably be relevant and needed.

So i'm, assuming by 2025, we're gon na be on our 174th booster shot for the drunk grandpa virus. Pretty much this ain't never going to end how many booster shots you guys want us to have. I mean at this point we're about to go cyberpunk. 2077.

The hell is going on now. I do want to also mention lucid shout out to lucid with the sec subpoena, but hey, hey, tesla also got one so chill so now that i'm comparing lucid to tesla, it's comparing a fart to a car but lucid, are raising another 1.75 billion dollars in convertibles. Essentially, meaning that this money is going to be converted to shares deluding all y'all now, basically, 1.75 is pretty much the amount of cars they put out in the market. Obviously, i'm joking, i'm joking.

I know they put up more cars. I don't exactly know how much what like 20 30 50 100 cars is still kind of a nice number per car. Uh yeah companies just keep raising money, it doesn't really deliver vehicles and just really all about the hype, not a fan, but you know what lucid prove me wrong now i do want to mention credit. Swiss are actually coming out and saying.

Well, we think our investors should expose themselves less to china, reduce your chinese exposure, because china is a risky investment. They're saying this in november 2021 - oh sherlock, now you're saying this after didi after alibaba after evergrand, i love how these banks make it seem as if they know what the hell they're talking about with their research and resources, letting you all know that china is risky. After we've been screaming about this for a whole year now talking about things, we've been screaming about for a whole year. On january 2021, i put out a video saying well apple at 132 dollars.

103 is a good price. I think they're undervalued and i gave a target price of 163, essentially saying i think it's about 30 undervalued now, lo and behold - we're right here at 175 dollars so way over my target price and now finally, morgan stanley comes out and says: well, we think apple Is a good investment, no sherlock point, two: what the hell now at 175 sure it's a good company and sure it can go up, probably higher. I don't know, but i mean. Are you kidding me now you're, seeing this by the way shout out to our patreon members who actually got this news in january, unlike right now in november, and made a 32 profit and by the way, if you want to join our patreon, you know the link Is going to be below in the description section, you can go right ahead and join it's five dollars per month, pretty much the price of a coffee per month for being a part of our community.

Zoom calls you know, stock analysis and overall supporting the channel. So why not if you want to watch my video on apple in january, where i told you that this is an undervalued stock just to see i wasn't blowing smoke up your ass, the video is going to be right here, go check. It out. Tell me what you think and i'll see you right there before you check out, make sure you do subscribe right here.

It's christmas, almost christmas! How about a christmas subscribe i'll, see you tomorrow.