Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (3192)	9/1/2019 2:30:37 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 13876

As Black Swan has pointed out, the independent financial economy of Hong Kong will collapse for a lot of "dark reasons". Black Swan has mistakenly assumed the "dark reasons" are the millions of workers in Hong Kong wanting to remain free. Instead, all of these thousands of "dark reasons" are actually the affluent long-time Hong Kong residents who are leaving, no longer giving a rats ass about the future of the remaining residents of Hong Kong. . Hong Kong initially acted as China's primary international port, accounting for a huge portion of China's GDP. But as China opened their own ports, Hong Kong's owners of port land lost their tenants, their land dropped in value and Hong Kong became a very tiny percentage of China's economy. Those owning port properties have been hoping beyond hope to sell their land as "lofts" to the working people of Hong Kong at inflated prices with the help of Hong Kong's over-extended banks. But only a few property owners were smart enough, soon enough, to sell off their property to Mainland Chinese developers at a discount. Ironically, most of these Mainland developers were just looking for a way to get their own money safely out of China. It's now too late for the remaining Hong Kong property owners to sell as fire sale prices quickly dip below the debt outstanding on their properties. The trap-door is quickly swinging shut on Flee-from Rock —— and it's not the result of working people in Hong Kong "not knowing their place" by wanting to remain free.