Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
By Stan Szymanski
Today Forbes reported that Evergrande was downgraded to ‘RD (Restricted Default)’ status.
According to former Fitch analyst Dr. Marco Metzler: …’Fitch's definition of an "RD" rating equals a non-payment of principal. The company has suffered a so called unfunded default on a material financial obligation, but has not yet entered bankruptcy, administration, receivership, liquidation or other formal resolution proceedings, and has not otherwise ceased operations. ’…(from Dr. Metzler’s LinkedIn Post dated today December 9, 2021)
So since Evergrande is not yet in receivership, they do not have an apparent obligation to take any action at this point to ameliorate the financial loss of the bond holders. With Evergrande bonds trading in the low 20’s the pain is severe.
What is disturbing is that Evergrande has been selling assets for nebulous purposes that may or may not end up in the hands of the victimized bondholders. On Nov. 26, 2021 the Wall Street Journal reported that the founder and chairman Hui Ka Yan of China Evergrande Group, has sold a large chunk of his shares, raising the equivalent of about $343 million. Further in the article it states: …’The proceeds from Mr. Hui’s sale will be used to fund the developer, a person familiar with the situation said.’… Did that say it would go to pay interest and principle of its past due bonds? No, it did not.
On Nov. 5, 2021 the Wall Street Journal reported …’China Evergrande Group raised more than $50 million last month by selling two of its private jets, according to people familiar with the matter, bringing in much needed cash to help avert a default on its U.S. dollar debt.’…
Do you believe the reports that the ‘much needed cash to help avert a default on its U.S. dollar debt’ was used for that purpose? If that was the case, why didn’t they just put the company into receivership and mete out whatever compensation was available to the bondholders? This business of selling off assets would normally be done by the receiver in charge of the bankruptcy. But Evergrande is raising cash -before- they put themselves into the hands of the court.
What purpose would that serve? I will leave it to your imagination; but regarding Evergrande sales proceeds what purpose does …’be used to fund the developer’…exactly mean when you are already behind a couple hundred million in interest payments?
Encouraging Angels and Dr. Marco Metzler correctly identified the bankrupt state of Evergrande months ago and was even recognized by Greg Hunter at usawatchdog.com for doing so. So identified above is two reports from the WSJ where their reports basically intimate that Evergrande is selling stuff to pay their bills when in fact since September 2021 Evergrande hasn’t made any interest or principle payments when due!
Why has the financial media constantly and broadly stated that over the past almost 4 months that they averted bankruptcy when in fact -no- Evergrande Interest or principle payments were made on their bonds?
This is all manipulation of the narrative. This is meant to keep you, the investor complacent. If you are complacent you are more akin to the frog in the pot who doesn’t know that the fire underneath him is being raised to a level where he is ultimately cooked.
Today’s news of Evergrande being relegated to RD (Restricted Default) status still lets Evergrande operate without a receiver and raise money for undetermined purposes. Only when they must put the company under the yoke of the court will the world begins to see what is really beneath the roof at Evergrande.
I do not think it is going to be pretty.
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If you appreciate the intelligence we have provided today, please consider a gift to Encouraging Angels
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
https://hillmd.substack.com/p/lancet-vaccinated-now-a-greater-source
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
From the article…’They’re operating so as to not run over each other. When company A is deploying lethal batches, companies B & C are deploying only harmless batches.’…
https://hillmd.substack.com/p/vaccine-batches-vary-in-toxicity
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
I am writing this as I sit here at home laid up with ‘the crud’. When I feel as bad as I do the defenses I normally have up come down a bit and I think back to when my wife, my son and I took care of my daughter at an ICU level of care for 8 1/2 years by ourselves, in our home. Along the way we laid the groundwork for the 4 US Patents that I co-own for the metabolic work we did to save and extend her life almost 5 years (my daughter was afflicted with a catastrophic childhood illness; for more info please watch the trailer to our documentary). We also learned a bit about preparedness.
One time we had a power outage that lasted probably the better part of a day. For anyone else that power outage would have been a temporary inconvenience. For my daughter it was a life threatening situation. You see Hannah had to be regularly suctioned during the day to keep her saliva from building up and choking her (because of her disease she lost the ability to swallow and was fed by a ‘G-tube’). We did not have any kind of battery backup to run the suction machine. So we had to improvise an infant nasal suction bulb connected to suction tubing to remove the saliva. Needless to say but when you take care of someone with ‘special’ needs there are times you had better be quick on your feet. After going through that experience, let me tell you-it is better to be prepared.
The world, especially right now, is not a safe place. The is not the same amount of food on the stores that there was just a year ago. People unwilling to take the jab are being let go left and right.
If you run a ‘disabled’, ‘MR’ or ‘special needs’ household you have a lot of responsibility. Few people outside of the disability community understand the level of commitment that you have to keep things going for someone else who can -never- contribute to the household through chores, a job or in some cases, to provide joy doing the things that children and young adults would normally do.
So as the caregiver you have to think about who you care for in a unique way. Today, I would like you, the caregiver to consider being able to provide services when there is no electricity.
Based on my experience, there are a couple things that are really important to be able to provide electricity for.
1) Suction Machine
2) Pulse-Ox
3) Oxygen concentrator
4) Being able to charge an electric wheelchair
Now, some things like an electric suction machine or an electric pulse-ox will draw less power than trying to run an oxygen concentrator or charging a wheel chair.
Today’s power bank should have the capability of charging USB (A and C type) and standard wall plug(s).
The brilliant thing about having the appropriate size power bank is to also get a appropriate sized solar panel to charge the bank. That way you do not have to rely on having fuel for a generator. As long as you have sunshine you can generate at least some power.
Therefore, with the equipment you have what I might consider is calling a couple of the power bank companies and ask them given the equipment you have to run in the advent of a grid down event or just a long term power outage-what is the size of the power bank I need and what is the best solar panel for me?
Two (of many) companies in the power bank space are Goal Zero and Jackery. They have both been around for years and have a good reputation.
I will leave it to you to do your homework with these (or other) companies in this space.
The thing to recognize is that we are moving into a time period that is the most uncertain in our lifetime. Power outages are a reality. We could be in a world situation where war could happen in just 90 days. What would happen if you can’t run an oxygen concentrator and the person you are taking care of -needs it-? Please consider acting now to find out what you can do to mitigate this problem. What you actually need may be slightly outside of your current ability to buy. You might need to host a spaghetti dinner, a raffle (if it’s legal where you live). You are going to have to creative to prepare for your special loved one. If you don’t do it, dear caregiver, who will?
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If you appreciate the intelligence that we have provided in our writing today, please consider a gift to Encouraging Angels
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
…’By analysing the data contained within the report alongside data from previous reports that stretches as far back as August 14th 2021, we can see that Scotland has very much been experiencing a ‘Pandemic of the Fully Vaccinated’ since at least August.’…
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
This gives a whole new meaning to the scripture: “Cast thy bread upon the waters: for thou shalt find it after many days.”
Ecclesiastes 11:1 KJV
https://bible.com/bible/1/ecc.11.1.KJV
I imagine that there is more to this story…
…’“We went to go remove the toilet, and I moved some insulation away and about 500 envelopes fell out of the wall, and I was like ‘Oh wow!’”…
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice
From the article…’“This is really a technology designed to poison people, there’s really no two-ways about it.” Dr. Michael Palmer on mRNA vaccines’…
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
From the article…’ Dr. Jengdes was appointed managing director of East Germany’s largest municipal hospital in April 2021. He was the sole managing director since 1stOctober 2021. He said in a brief hastily recorded video, “There is no virus, it’s a dictatorship in disguise.”…
Please watch the video to hear it from the doctor himself.
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
https://stevekirsch.substack.com/p/new-harvard-hcw-study-shows-recovered
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
by Stan Szymanski
Photo Credit: Family Policy Institute Of Washington (https://www.fpiw.org/blog/2021/11/24/george-washingtons-thanksgiving-proclamation/)
Many thanks to Danny at Deep South Homestead for his podcast on George Washington’s Thanksgiving Proclamation of October 3, 1789.
After reading this profound and yet succinct declaration it is indeed sobering to realize just to what depths that These United States have fallen. It is God who gives us our sustenance. It is God who for so many years has rendered mercy for a sometimes stiff necked people. And because where the Lord is, there is liberty:
“Now the Lord is that Spirit: and where the Spirit of the Lord is, there is liberty.”
2 Corinthians 3:17 KJV
https://bible.com/bible/1/2co.3.17.KJV
Please prayerfully consider what God has done for you, your family, your community and your nation before you enjoy the bounty of a Thanksgiving meal. Please pray for those that have no one and no where to go. Pray for the disabled/special needs as in my experience many who live in institutions have -no one- who will come to see them on America’s holiday. Give special thanks to God and to our servicemen and servicewomen who have protected our country since its inception. Please also prayerfully consider below George Washington’s Thanksgiving Proclamation of October 3, 1789 as you literally ‘give thanks’:
From: Founders Online
Thanksgiving Proclamation,
3 October 1789
Thanksgiving Proclamation
[New York, 3 October 1789]
By the President of the United States of America. a Proclamation.
Whereas it is the duty of all Nations to acknowledge the providence of Almighty God, to obey his will, to be grateful for his benefits, and humbly to implore his protection and favor—and whereas both Houses of Congress have by their joint Committee requested me “to recommend to the People of the United States a day of public thanksgiving and prayer to be observed by acknowledging with grateful hearts the many signal favors of Almighty God especially by affording them an opportunity peaceably to establish a form of government for their safety and happiness.”
Now therefore I do recommend and assign Thursday the 26th day of November next to be devoted by the People of these States to the service of that great and glorious Being, who is the beneficent Author of all the good that was, that is, or that will be—That we may then all unite in rendering unto him our sincere and humble thanks—for his kind care and protection of the People of this Country previous to their becoming a Nation—for the signal and manifold mercies, and the favorable interpositions of his Providence which we experienced in the course and conclusion of the late war—for the great degree of tranquillity, union, and plenty, which we have since enjoyed—for the peaceable and rational manner, in which we have been enabled to establish constitutions of government for our safety and happiness, and particularly the national One now lately instituted—for the civil and religious liberty with which we are blessed; and the means we have of acquiring and diffusing useful knowledge; and in general for all the great and various favors which he hath been pleased to confer upon us.
and also that we may then unite in most humbly offering our prayers and supplications to the great Lord and Ruler of Nations and beseech him to pardon our national and other transgressions—to enable us all, whether in public or private stations, to perform our several and relative duties properly and punctually—to render our national government a blessing to all the people, by constantly being a Government of wise, just, and constitutional laws, discreetly and faithfully executed and obeyed—to protect and guide all Sovereigns and Nations (especially such as have shewn kindness unto us) and to bless them with good government, peace, and concord—To promote the knowledge and practice of true religion and virtue, and the encrease of science among them and us—and generally to grant unto all Mankind such a degree of temporal prosperity as he alone knows to be best.
Given under my hand at the City of New-York the third day of October in the year of our Lord 1789.
Go: Washington
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DS, CStbK; DS, DLC:GW; copy, sold by Christie, Manson, & Woods, International, 21 Oct. 1977. The proclamation was also printed as a broadside. Copies of the broadside are at Harvard University, Yale University, and the Pierpont Morgan Library. Other copies are owned (1992) by Marshall B. Coyne, Washington, D.C., and Ralph Geoffrey Newman, Inc., Chicago.
For background to this document, see Circular Letter to the Governors of the States, 3 Oct. 1789, n.1.
———-
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
https://www.naturalnews.com/2021-11-23-vaccinated-english-adults-dying-twice-rate-unvaccinated.html#
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
https://www.brighteon.com/474635ae-9e29-4696-8d29-20f0fefd9a08
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
From the article…
The hospital payments include:
A “free” required PCR test in the Emergency Room or upon admission for every patient, with government-paid fee to hospital.
Added bonus payment for each positive COVID-19 diagnosis.
Another bonus for a COVID-19 admission to the hospital.
A 20 percent “boost” bonus payment from Medicare on the entire hospital bill for use of remdesivir instead of medicines such as Ivermectin.
Another and larger bonus payment to the hospital if a COVID-19 patient is mechanically ventilated.
More money to the hospital if cause of death is listed as COVID-19, even if patient did not die directly of COVID-19.
A COVID-19 diagnosis also provides extra payments to coroners.
https://aapsonline.org/bidens-bounty-on-your-life-hospitals-incentive-payments-for-covid-19/
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
According to the UK’s Express article ‘China sends memos to citizens telling them to stockpile for war’ the journal reports that China has sent notification to its citizens to ‘stockpile goods and prepare for war’.
I discovered separately today in listening to the excellent open source intelligence of Forward Observer that Sam Culper and team believe that a war is likely in Europe in the next 90 days (discussion at 14:00 and statement at 15:40 (YouTube link)).
While these details do not guarantee conflict, how many more straws can be piled on the back of a camel representative of a world saddled with inflation bordering on hyperinflation, broken supply chains, grocery stores short of staples, a financial system propped up by the poker money of the central banks and the desire of rising nations to go for world domination who possess the hypersonic means to make good on the desires of their totalitarian hearts? And the straw that breaks the camels’ back-a world mired in the temporal while ignoring the everlasting.
Do nations have designs on America? Do you believe in visions (Dumitru Duduman prophecy-‘China And Russia Strike’)? Do you believe in dreams (Steve Quayle & Henry Gruver on Henry’s dream about Russia)?
And in light of the visions and dreams mentioned-Will you survive the final war and be victorious over the beast and his image? Consider The Bible-Revelation 15:1-2
“I saw in heaven another great and marvelous sign: seven angels with the seven last plagues—last, because with them God’s wrath is completed. And I saw what looked like a sea of glass glowing with fire and, standing beside the sea, those who had been victorious over the beast and its image and over the number of its name. They held harps given them by God”
Revelation 15:1-2 NIV
https://bible.com/bible/111/rev.15.1-2.NIV
Where are we exactly in regards to the end times? Well, we are in the end times, but it is not the end-yet. There will be those who make it to the end-through the final battle-by that I mean to the point where after the saints are victorious, Jesus comes back.
The Christians will certainly see the wrath of Satan, but they will not see the wrath of God. In Revelation 15:1-2 you can see the victors-‘those who had been victorious over the beast and its image and over the number of its name’ standing beside what looks like a sea of glass. While the triumphant are standing on earth-meanwhile standing by in Heaven are…’ seven angels with the seven last plagues—last, because with them God’s wrath is completed.’…God’s angels stand ready with the last and final judgement of God.
I believe that the victorious ones are protected right up until the time of the end-they are those…
’who through faith are shielded by God’s power until the coming of the salvation that is ready to be revealed in the last time.’…
1 Peter 1:5 NIV
https://1peter.bible/1-peter-1-5
So I personally believe that there are Christians who will be part of the war against the beast and it’s image who will physically survive and -win- (although it is Christ who has already won the victory through His death on the cross and resurrection).
And yet, a lot of Christians will lose their physical lives during the times of the end:
“When the Lamb opened the fourth seal, I heard the voice of the fourth living creature say, “Come!” I looked, and there before me was a pale horse! Its rider was named Death, and Hades was following close behind him. They were given power over a fourth of the earth to kill by sword, famine and plague, and by the wild beasts of the earth. When he opened the fifth seal, I saw under the altar the souls of those who had been slain because of the word of God and the testimony they had maintained. They called out in a loud voice, “How long, Sovereign Lord, holy and true, until you judge the inhabitants of the earth and avenge our blood?” Then each of them was given a white robe, and they were told to wait a little longer, until the full number of their fellow servants, their brothers and sisters, were killed just as they had been.”
Revelation 6:7-11 NIV
https://bible.com/bible/111/rev.6.7-11.NIV
So there is a number, that only God knows, of those who will die during this time because of the word of God and the testimony they had maintained.
I also believe that there is a number, that only God knows, of those victorious saints represented at the beginning of Revelation 15. His term was ‘plural (‘those who had been victorious’)’ so we know that there is more than one. I believe that it is between that point in Revelation 15 and the time at the beginning of Revelation 16 when the saints will meet Jesus in the air, what many call ‘The Rapture’.
I say this because the saints will not experience the wrath of God.
“For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.”
1 Thessalonians 5:9 NIV
https://1thessalonians.bible/1-thessalonians-5-9
The wrath of God is for the unbelievers. In Revelation 16:1 the Bible says:
“Then I heard a loud voice from the temple saying to the seven angels, “Go, pour out the seven bowls of God’s wrath on the earth.”
Revelation 16:1 NIV
https://revelation.bible/revelation-16-1
So, at least to me, it is clear that at the point of Revelation 16:1 that this is indeed the precise time when God’s wrath is poured out. So if God’s wrath is poured out, God will not inflict His wrath on believers and He will have removed them before He allows His wrath to be poured out.
So after I ask you to consider listening to/reading Steve Quayle and Sam Culper at Forward Observer, I have said all this about Revelation to make these points:
1) Believe in Jesus Christ for He is your only hope of salvation.
2) All believers who are alive at the time of the tribulations mentioned in Revelation will be subject to Satan’s wrath (which means that they -will not- be raptured before any of the bad stuff begins). A lot and perhaps even a majority of Christians will die during this time.
3) There will be a number of believers who are victorious over the beast and it’s image who will stand beside the sea and sing the Song of Moses to glorify God (Rev. 15:3-4)
If there are going to be those who have been victorious over the beast and it’s image, shouldn’t this idea be taught from the pulpits today? If it were, we would have a generation who would be spiritually trained and ready to fight, to win and expect to stand next to the sea and sing praise to God in a final victory before they are finally raptured. The cowardly lions of the milk toast church who pander to the flesh by teaching the prosperity gospel (like your ‘Best Life Now’ preachers) tell you that you will be raptured before anything bad happens. Don’t you think that we should be ‘meat-eating’ Christians where the meat is the Word of God spoken and received maturely and not the pablum of the ‘prosperity gospel’ whose solid food consists only of teaching consistent with zwieback toast?
I hope I have given the reader something to think about. I am not a Bible scholar; I just believe that The Lord Jesus gave me this word for this time. War is on our doorstep. How should we act? How should we prepare? Jesus Christ is the only answer and preparation that can lead one to victory and an eternity with God in Heaven. Prepare for victory. Jesus Christ has already won.
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If you appreciate this article perhaps you might consider a gift to Encouraging Angels for the intelligence we provided today.
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
By Stan Szymanski
When I was hired by Morgan Stanley in 1996 as an Account Executive, the firm sent me to Manhattan for two weeks of training. How to sell, how to relate to clients, learning about compliance and a lot more. With fond trepidation, I recall being high up in the World Trade Center (can’t remember if it was 1 or 2) during that time in the Morgan Stanley Offices when WTC was still standing.
Juxtapose the opportunity for training I was receiving at Morgan Stanley against having the opportunity (in my off time) to watch a shell game on the street in ‘The City’. Seems simple enough. See ball under shell. Follow ball under shell. When shells stop moving point to the one with the ball underneath it. In reality, it is a lot harder than it seems, especially when the purveyor of the game is adept at public deception.
Lately, I have been asking the question of ‘where’s the money?’ when it come to China Evergrande Group and all their interest payments to offshore bondholders. Public deception apparently not only by Evergrande, but also apparently by its paying agent and virtually all of the financial press around the world with the notable exception of Dr. Marco Metzler and DMSA where he serves as a senior analyst. DMSA, (as they are Evergrande bondholders), are preparing action against the developer. From its November 10, 2021 press release: …’DMSA itself is invested in these bonds and has not received any interest payments until today's end of the grace period. Now DMSA is preparing bankruptcy proceedings against Evergrande and calls on all bond investors to join it.’…
So virtually all of the financial media has perpetuated the ‘story’ that Evergrande had made its past due interest payments on its offshore bonds when, according to DMSA and Dr. Metzler, they had not.
Under which shell is the interest payment, if there is one at all?
What I would like to highlight today is a different Chinese Real Estate Developer and a Chinese Rating Agency who are apparently running a shell game that the system is using these actors as covers (shells) to serve as subterfuge to the public and institutional investor alike.
First, the scoundrel known as Yango Group. In ‘China developer Yango Aims To Avoid Defaults With Bond Swap Backed By Its Chief’ by Andrew Galbraith dated November 1, 2021 (Reuters via Yahoo): …’Chinese homebuilder Yango Group offered on Monday to exchange some U.S. dollar bonds for new notes personally guaranteed by its chairman as it struggles to free up cash and avoid defaulting on upcoming debt payments.’… The article goes on to explain:
…’Yango is offering $25 in cash and $1,000 in new notes for each $1,000 of existing bonds exchanged, it said in a Hong Kong bourse filing. The exchange offer applies to its U.S. dollar notes due in February 2023, January 2022 and March 2022, which have an outstanding face value of $747 million.
The new bonds are personally guaranteed by Lin Tengjiao, Yango's founder and chairman, the filing said. The Hurun Global Real Estate Rich List of March 2020 had estimated Lin's personal fortune at $2.4 billion.
Yango said it is also seeking the support of investors to change the terms of its five other outstanding dollar bonds.’…
Did you see that basically, Yango can’t/won’t pay its interest and principle payments? That they offered bondholders (for each $1,000 face value) $25 in cash (that’s 1/4 of 1% of face value-not even the interest due) and to swap the original Yango bond for a bond, not backed by the earnings ability of the company (Yango), but backed by the CEO of Yango!? I don’t care what they say what the value of his ‘fortune’ is-real estate in China is down significantly and may now have potential illiquidity issues-So tell me-how does a bondholder get paid???
Is the CEO of a company that can’t pay it interest and principle when due now supposed to be -more creditworthy- than the company he works for??? I hardly think so.
As if the report by Mr. Galbraith could not be any more incredulous, the article goes on: …’Domestic rating agency Dagong Global Credit Rating Co on Monday cut its outlook on Yango to negative due to uncertainty over the source of funds for debt repayments. However, it kept the ratings of the company and its onshore bonds unchanged at "AAA".
Please now turn ‘on’ the implied (but invisible) sarcasm control on this writing up to ‘high’ as I say: ‘Thank goodness that this Chinese rating agency cut its outlook to ‘negative’-Dagong is doing a really good job alerting the public as to the dangers of the creditworthiness of Yango…Boy, Yango is really lucky to still have a ‘AAA’ rating on their bonds! (Now with both hands turn the sarcasm control back to zero…)
Do you know that a ‘AAA’ rating on your bond implies that you have the -highest- creditworthiness that can be awarded and is the same rating that is given to a bond that is insured? How can a company who will not pay its bills have anything but the -lowest- rating of creditworthiness? I dare say that if this were Standard and Poor, Moodys or Fitch (the standard in America and much of the world) doing the rating, that in all likelihood this company would be rated as a ‘junk bond’ and be declared ‘bankrupt’ (now, these rating agencies are far from perfect-just watch the movie ‘The Big Short’ to verify-but they are a far cry from Dagong).
In an interview from The Corner dated August 13, 2012 titled “We Need A New Ratings System Under International Supervision”, the Chairman of Dagong, Guan Jianzhong, defends the independence of his ratings agency against the US-biased most powerful financial grade houses:
From the interview at The Corner:
…’Which are the differences between Dagong and its Western rivals: Moody’s, Fitch and S&P? We are essentially different. In the case of these three agencies, they try to protect US interests. The standards they use are the result of their views and values accompanied by a lack of supervision. On the opposite, Dagong is based on fairness.’… further in the article …’The current international rating system is having consequences in China as the main buyer of debt… The system is having terrible consequences for the international economy so we need a new system that helps the development of China’s economy.’…
So there you have the CEO of the rating Agency (Dagong) saying that the three main rating agencies (S&P, Moodys and Fitch) are unsupervised and that in his view they need a new rating system that helps the development of China’s economy.
So in the case of Yango Group, that is just how Dagong ‘rated’ Yango. Dagong gave Yango a AAA rating when they deserved to be labeled as ‘BANKRUPT’. That is not fair or honest for anyone involved. This is alleged malfeasance and insolvency masquerading as a viable concern.
Is there now any reason why I questioned the viability of Evergrande in the six articles I wrote about that company (find them at the EA blog)? Can you understand why Dr. Metzler and DMSA would file bankruptcy against Evergrande when purportedly there was no interest received by an actual offshore bondholder (DMSA)? Can you see that in the words of the Dagong chairman China wants to have a system that favors China? Can you see that in recent events with Yango Group that would assertedly equate to impropriety, misbehavior and receivership?
Can you see that we are now in a world where the majority of the reporting press outlets said that Evergrande made its interest payments on bonds when it did not as reported by DMSA? None of the authorities in the U.S. (to my knowledge) stood up and called BS on the Chinese even when over $20 Billion of offshore (likely mostly US) money has been invested in Chinese Real Estate Debt.
Potentially, some your money is at risk as it may be invested in mutual funds that own these bonds. Potentially, more money of yours may be at risk because an institution you entrusted with your money may own derivatives involving these Chinese Real Estate Developers. In the October 29, 2021 DMSA press release in discussing the possible impact of an Evergrande bankruptcy Dr. Metzler concludes by saying … "The Great Reset - the final meltdown of the current global financial system - has long since ceased to be a purely intellectual thought experiment,"….If this happens, a meltdown of the global financial system, just how much of your money is at risk?
Evergrande is one shell, Yango Group another and Dagong yet another. There is an organization who is the purveyor of the shell game whose goal is to go home with all the shells, the ball and your money-just like the guy on the street in Manhattan running his game way back in 1996. Please remember that if you play the game, there is no referee, no one to protect you. Trust The Lord. Don’t play a game you don’t understand. Food, Water, Shelter, Energy, Protection and if you have the means, physical Precious Metals to provide for you and yours in troubled times.
“Why should fools have money in hand to buy wisdom, when they are not able to understand it?”
Proverbs 17:16 NIV
https://proverbs.bible/proverbs-17-16
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Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
Microsoft founder and billionaire Bill Gates spoke about COVID-19 vaccines during an interview last week, in which he admitted that the vaccines do not stop transmission of the virus.
https://teamtuckercarlson.com/news/watch-bill-gates-admits-covid-vaccines-dont-stop-viral-transmission/
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
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