When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. Drug money was the only thing that kept the banks going during the 2008 financial crisis.” In 2016 the Home Affairs Select Committee claimed £100 billion in illicit money was being laundered in … Let's go to a chart going back to 2000, or a little before 2000 – 2012. And also remember, there's going to be potentially a lot less demand in the future for the Hong Kong currency from China, because of the Cerveza sickness has really got this entire country on lockdown. Facebook Twitter. Noel Quinn So it takes about a year for the full-fledged banking crisis to hit. Citigroup and HSBC Securities both expect an increase in central bank gold purchases next year after a drop-off in 2020. Kyle Bass: Well, I don't know. I hear a lot from the various sell-side firms that we call. They have a banking assets to GDP at almost a thousand percent. Well, like everything, it goes back to the federal reserve. She was a government minister until May last year. He said: “Nothing can be done to clean up the City of London. Sometimes they’ll include recommendations for other related newsletters or services we offer. They say, “Oh, Hong Kong mortgages. That's when we got #Lehman (and make sure you remember to follow me on Twitter). HSBC has said it will close 27 stores across the country in 2020. This is what I call having all your eggs in one basket. Share on Facebook; And according to Kyle Bass, he thinks they are very close to running out of dollars right now. HSBC's revenue since 2015 has gone down by $6 billion. When they diverge it creates massive structural problems that usually end in collapse. They like to keep the range. Especially considering Hong Kong accounts for 32% of HSBC's revenue!! Our baseline is the United States, which in and of itself, isn't great, but it is when you compare it to some of these other countries, like Iceland prior to the GFC. If any politician tried to dismantle the City of London the world economy would collapse. How about, capital flight? Real Estate Expert. Jim Rogers Helps Decode Inflation vs. So in the first year,” this is a partner at one of the biggest firms in the world tells me this, that runs the real estate business. Gold and silver will become real currency again. HSBC has global operations concentrated in UK and Asia. Only one in every 100 cash withdrawals are made in branch at an HSBC. Gold and silver will become real currency again. Gold and silver will become real currency again. Welcome to DOSBODS ... HSBC is funding most of its uk lending with fixed rate, fixed term bonds sold to chinese. HSBC is … 4.02pm EST 16:02. And what's going to detonate that time bomb is the HKMA running out of dollars. This is a chart of interest rates in Hong Kong from 2000-2020. Updated January 19, 2020 ‘World Economy Would Collapse’ If City of London Stopped Laundering Money, Says HSBC Whistleblower from Sputnik News Britain is due to leave the European Union later this month but there is no sign of banks quitting the City of London, one of the main claims made by Remainers in the run-up to the Brexit referendum. HSBC has cut a number of top management roles in its investment bank, a sign that CEO Noel Quinn is pressing on with plans to shake up the group despite having put a … HSBC said nine in 10 contacts with customers now happen over the phone, via the internet or on its smartphone app, with the number of customers who use a branch falling by a third in the last five years. ... Goldman Sachs projects that G.D.P. Kyle Bass is a legendary investor well known for his extremely rigorous analysis. How do they afford a 50% deposit on the most expensive real estate in the world?”, They said, “Oh, that's easy. Ltd. (HSDI) is part of the global HSBC Technology function. A Must Watch Pre-Election Top-Down Analysis For Investors From Lyn Alden and George Gammon. We know that Kyle Bass thinks HSBC is sitting on the greatest financial time bomb in history. Throw in mainland China and it reaches 75%. So I think when you think back to the US financial crisis, our financial markets, and specifically, our credit and mortgage markets collapsed in mid-2007. In other words, it goes further up this chart, closer to the middle of the range, which is 7.8. If the Hong Kong dollar starts to get too strong, meaning at the bottom of this range, the Hong Kong monetary authority has to sell Hong Kong dollars into the FX markets. That creates more supply for Hong Kong dollars, more demand for USD. Kyle Bass reveals HSBC insights YOU'VE BEEN LOOKING FOR! Hong Kong is the number one revenue source by far. If government is going … And that's an economy that's the most highly leveraged economy in the developed world. Going to uni Life events. I think you know what I'm talking about. The NOT so mighty Dollar will soon perish( How soon, could be years, but will happen). You may be asking yourself, “My gosh, George, how did their debt problem and their housing bubble get so out of hand?”. It simply wasn’t large enough to divest Asia and try to become a purely western bank. Kate Ng. Bear Stearns didn't go down until till March of '08, and Lehman, AIG, and Fannie and Freddie didn't go down until September of '08. If you’re interested in the economy THIS IS A MUST WATCH VIDEO! Posted at 12:10 17 Jun 2020 12:10 17 Jun 2020 HSBC to press on with 35,000 job cuts The bank announced the plan in February but put it on hold amid the coronavirus pandemic. Kyle Bass Predicts HSBC Collapse In 2020! If the Hong Kong dollar was a free-floating currency the issue wouldn't be as bad according to Kyle Bass, but with the currency pegged to the US dollar, it makes the situation grim. And in the next two years, they refi the developers out, and then they have a 50% LTV loan.”. explains more about how we use your data, and your rights. So you may be asking yourself, okay, George, well, what would make the Hong Kong dollar get to the top of this range, to where the Hong Kong monetary authority would have to come in and defend the currency? But what you might not know is that most of the interest rates, especially on the mortgages, are adjustable and they're not just adjustable in the way we think of ARMs or adjustable-rate mortgages. This is the banking relative to GDP for different countries. And you'll see that they mirror the interest rates in the United States. HSBC is still expanding. The latest breaking news, comment and features from The Independent. They go into the FX market and they buy Hong Kong dollars by selling USD. The branch closures where jobs are at risk: London Park Royal – to close on July 3 Peterlee – July 10 Chard – July 10 Royston – July 10 Tiverton – July 31 Ely – July 31 Pembroke – July 31 Saffron Walden – July 31 Thetford – to close later in 2020 Bourne – to close later in 2020. And when I say they, I mean the Hong Kong monetary authority, they're like the central bank. Britain's biggest bank moved the money through its US business to HSBC accounts in Hong Kong in 2013 and 2014. And that reminds me, if you're not following me on Twitter, make sure you go there and follow me as soon as this video gets done. ... triggered by coronavirus means HSBC is also going … HSBC bankrupt and on the brink of collapse? And Hong Kong’s real estate market is even worse. And to get even further insight on the insanity of their real estate bubble, let's go right to a real vision interview with one of my favorites, Kyle Bass. ‘No child should be disadvantaged' - teacher backs #Laptops4Kids campaign, Have you got an old laptop you could spare? So where is Hong Kong's banking system relative to GDP, right now? HSBC announces senior appointments in its wealth and personal banking division. But it may not be enough to save the the world’s most expensive property market from a very rocky 2020. HSBC has said it will close 27 stores across the country in 2020. Global Finance … To put that in dollar terms, that's over $2000/Sqft US dollars. News Release - 8 September 2020. HSBC enterprise clients say they've been left at midnight about bounce-back mortgage purposes Small companies say HSBC is pushing them to the brink of collapse due to the time it's taking to approve bounce-back loans. One other small enterprise proprietor says her psychological well being has been affected by #1 – They can jack rates Paul Volcker style, like they did in 1998, to defend the currency. Updated at 4.10pm EST. HSBC is going to be one of the first banks to fail and collapse. 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Throw in mainland China and it … Explain the dollar peg and how it spells disaster for Hong Kong and HSBC. All three of these have one thing in common. Kyle: Today I’m releasing our views on the financial, political, and legal plight of Hong Kong. Explain Kyle Bass's numbers on Hong Kong and HSBC. And that curve is very flat right now, and very low. How The Government Can Steal Your Money Through Inflation! Iran is closer 'than ever before' to regime collapse, says former Obama security advisor Published Mon, Jan 13 2020 11:51 AM EST Updated Mon, Jan 13 2020 … The government has defended its role in Flybe’s collapse… It is understood that the collapse of the deal is partly linked to the administration of Arcadia Group, which is the biggest operator of concessions in Debenhams stores. Once your account is created, you'll be logged-in to this account. If you've been affected by the Flybe collapse, you can find out how to raise a dispute here. HSBC Bank is not that weak to worry about what will happen if it collapses. HSBC is going to be one of the first banks to fail and collapse. During an economic collapse, major shortages and supply chain problems are highly likely, making these types of supplies one of your most important pre-collapse considerations. If they could see it, wouldn't they start selling their assets, getting their wealth out of the country as quickly as they can? And to put things into terms that we can all understand, the average cost per square foot on Hong Kong Island is over $16,000 Hong Kong dollars per square foot. And this time around Kyle Bass things the Hong Kong collapse is going to take down HSBC as well. That makes the Hong Kong dollar grow weaker with respect to the USD. In March 1865, HSBC opened its doors for business in Hong Kong. So what you're going to see, [Vonnie 00:13:55], in 2020, is you're going to see a full-scale banking crisis in Hong Kong because you've got such a tightly wound economy in a stage of free-fall, from an economic perspective. HSBC has said it will close 27 stores across the country in 2020. The 59-year-old was involved in a collision which shut the motorway for more than eight hours. In this Kyle Bass and HSBC Hong Kong video I'll discuss the following: Make sure to hit the play button on the video player above to follow along with the breakdown below. “And the first year they refi their family out. A final determination on whether to pay a conservative dividend for 2020 is expected to be made and communicated in February 2021 with our 2020 full-year results. Only 5 out of 20 of the issuance even yields above 5, and all of that has maturity dates greater than 2036! Withdrawals are made in branch at an HSBC it closer to the United States almost identically feel more about... 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