The "grace period" for the first default of Evergrande ends on October 23rd. Now the threat of bankruptcy looms. Added to this are weaker than expected economic performance in China. But is it worth trusting the official statistics from this country at all?
After becoming the main source of magnesium in recent years, Germany's metal and automotive industries are now under threat. The world is faced with a "lack of everything" because problems are suddenly popping up everywhere. Only 0.1% of the top echelon of world power will benefit from the changing reality.
In Germany, the effects of the changes in the global economy are already visible, as economic growth has declined significantly, but is still positive. In general, one should expect a serious loss of well-being for the majority of people, which is already becoming more evident. The coming crash could be part of Klaus Schwab's Great Reboot. Auto books investor Robert Kiyosaki expects the collapse to begin before the end of October 2021. Russia is ending its dialogue with NATO - this is not good news before the start of winter during the gas crisis in Europe.