A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences. Black swan events are characterized by their extreme rarity, severe impact, and the widespread insistence they were obvious in hindsight. Nassim Nicholas Taleb, a finance professor, author, and former Wall Street trader, coined this phrase. Prior to the events of the 2008 financial crisis, Taleb wrote a book in 2007 about the concept of a black swan occurrence.
Because black swan occurrences are impossible to foresee owing to their great rarity, but potentially devastating implications, people should always assume that a black swan event, whatever it may be, is a possibility and plan accordingly. Even though it is difficult to predict and we do not know when it is going to happen but we can tell that whatever it is, it is near and it is going to happen soon.
Even if you don't follow financial markets or Chinese real estate companies closely, you may have heard about Evergrande in recent days. It was also among the top twitter trends lately. Well, things are not going well for it and what we might see as a result is a black swan event.
Evergrande is one of China's largest property developers, claiming to own more than 1,300 projects in more than 280 cities across China. Electric vehicles, media, financial services, sport team ownership, health services, and theme parks have all been added to the company's portfolio. It borrowed massive amounts of money to support its growth during a boom earlier this decade. It used the money on apartment construction. It also accumulated debts and commitments to building suppliers as a result of its construction frenzy. As a result of all of this, Evergrande is now the world's most indebted firm, owing more than $US300 billion in various ways. This is going to cause a massive financial crisis.
Now take a look at this tweet from Crypto Fido. Evergrande will cause a heck of a domino effect and impact US markets.. some of the Bonds holders below. You can see the list. Blaxk Rock, HSBC Holdings, Royal Bank of Canada, Goldman Sachs.
Now here, according to the crypto experts, they are going to use XRP on demand liquidity to save the crisis that is going on.
#XRP #Ripple
_____________________________________________________
Hope you guys enjoy this!
👉 If you enjoy this video, please like it and share it.
👉 Don't forget to subscribe to this channel for more updates.
👉 Subscribe now: [ Ссылка ]...
Related Videos:
👉 [ Ссылка ]...
👉 [ Ссылка ]...
👉 [ Ссылка ]...
Contact: Cryptomillionairesbusiness@hotmail.com
Tags:
all you need to know about XRP, why xrp, cbdc, XRP As Crypto Asset Most Relevant in Central Bank Digital Currency, xrp delisted, xrp to hit $100, xrp to reach the moon, xrp worldwide payment currency, xrp is going to explode, xrp,xrp ripple,xrp price prediction,xrp price prediction 2025,xrp news today,xrp pump,xrp lawsuit,xrp price analysis,ripple,ripple prediction 2021,xrp prediction 2021,xrp prediction 2030,crypto,ripple prediction after sec lawsuit,investing in xrp for beginners,investing in xrp,investing in ripple,buy ripple,buy xrp,where to buy xrp,how to buy xrp,how to buy ripple xrp,xrp price speculation,xrp news latest
