CHI-CAN GOLD ELIMINATE RISK
Financial news outlets say there are about 200 banks in China that may need to be saved by the government due to the real estate implosion. Are your investments and life savings safe in your country? If we look at the economy in North America we have unsustainable government debt levels in the US.
Over in Europe we had Credit Suisse one of the oldest banks in the world was recently saved from bankruptcy, it merged with UBS another debt laden bank, is this really going to help calm our fears or is it simply window dressing and moving shells around? we believe these are strong signals the worst is yet to come.
So how does a person or company protect themselves from all that financial risk ? Questions like "what happens if they seize or lock me out of my bank account ? Will they do a bank Bail In like Cyprus did in 2008, and take a portion of my savings without me or my family having any say in the matter.
Over in Europe we had Credit Suisse one of the oldest banks in the world was recently saved from bankruptcy, it merged with UBS another debt laden bank, is this really going to help calm our fears or is it simply window dressing and moving shells around? we believe these are strong signals the worst is yet to come.
So how does a person or company protect themselves from all that financial risk ? Questions like "what happens if they seize or lock me out of my bank account ? Will they do a bank Bail In like Cyprus did in 2008, and take a portion of my savings without me or my family having any say in the matter.
Did Cyprus take money from bank accounts ?
How did Credit Suisse collapse ?
What happens if Evergrande or Country Garden collapses ?
- Depositors in two Cypriot banks lost billions when savings were confiscated to protect the island's banking system in 2013, in a process known as a bail-in. The move was a condition sought by international creditors for a 10 billion euro ($11.62 billion) bailout to the east Mediterranean island.
How did Credit Suisse collapse ?
- The bank also suffered a 75% loss in eight days due to the failure of a US bank, causing panic among depositors and investors. This resulted in Credit Suisse's stock price falling over 8%, and the cost of insurance, as measured by the basis point, rising to 3460, indicating a high risk of asset loss.
What happens if Evergrande or Country Garden collapses ?
- Previously China's second biggest real estate company, Evergrande's default in 2021 ignited a crisis in the property sector that continues to weigh on the wider economy. If the restructuring fails and Evergrande is unable to reach a new deal with its creditors, it could face liquidation, where its assets are sold and it stops all operations. Evergrande shares plummeted, closing more than 21% lower in Hong Kong and dragging down the stocks of other Chinese property developers.. Evergrande has been trying to implement a government-supervised restructuring of its debts, which stood at $328 billion.
FOR WHOM IS THE CHI-CAN GOLD PROGRAM FOR
To answer the question for whom is the Chi-Can Gold program for ?, we think its for a company or person who doesn't want to wake up one morning in that type of nightmare or situation. Imagine for a moment you go to your PC or mobile to access your bank and it wont let you in !
In an instant your future dreams and financial security are shattered, all because a few banks and big real estate companies made bad business decisions, now they want you to pay for their mistakes.
In an instant your future dreams and financial security are shattered, all because a few banks and big real estate companies made bad business decisions, now they want you to pay for their mistakes.
