bonds, from these chinese real estate firms, have been rehypothecated into derivatives that have been rehypothecated into derivatives that have been stuffed into financial special-vehicle products that have been bought by ETFs have been rehypothecated into derivatives, etc, etc, etc.
^^^^ that never-ending TURD-BOMB cycle has been continually packed w/ explosive financial-fuckery for over a DECADE.
now that the veil has exposed the chinese real estate market as, LITERALLY, a ponzi-scheme, its time to pay the piper.
taiwans tsmc is the top-dog of fab'ing sub-10 nano chips.
china has spent hundreds of billions just to start their own chip industry... and have failed miserably.
since US sanctions on lithography machines & other super-tech machines, to build chips, as well as ANY chip made w/ this technology, china has had numerous rocket launch failures. also, their top 5G equip maker, is doing a slow death-spiral into oblivion.
prob the top marching order, from the CCP, is to have china #1 on high-tech production. theyre tired of the low-tech.
china is hurtn baaaaad for tsmc's technology & fab plants.
wait...
which version of jesus?