Monday, September 20, 2021 will likely be remembered as “Black Monday” in China and many other nations as the Evergrande Corporate collapse finally hits. This will make the Lehman Brothers collapse in the USA, look like a kids game! It will spread.
Evergrande is China’s largest property developer and they are Bankrupt. Their tentacles reach into MANY other areas of China’s economy, not just banking.
There are pockets of contagion in several key Chinese markets from Evergrande. For instance, China’s housing market has been softening for awhile now and between Evergrande and the housing market, a full twenty-eight percent (28%) of China’s economy will be in complete free fall Monday.
The Tribulation is commencing..
Please repent, carry your cross daily and accept the free gift of Jesus Christ’s death on the cross for payment for your sins.
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