Evergrande is a company that has been using a barter system and has been unable to generate cash since 2012. In short, the company has been experiencing cash shortages for years and appears to be making a profit through accounting tricks.
We are primarily funded by readers. Please subscribe and donate to support us!
See also The Fed bought up $2.7 trillion in toxic waste mortgage backed securities to reinflate the housing bubble and take those bad loans off the books of its Wall Street bankster accomplices. Next up: Powell will let the banksters transfer their non-performing commercial real estate loans to the Fed.
See also Security video from a contact in Eagle Pass, TX shows a large group of migrants crossing illegally onto private property