➡ A cybersecurity attack has hit China’s Industrial and Commercial Bank of China (ICBC), the world’s biggest bank, specifically affecting its US operations and reportedly disrupting Treasury markets. This happens amid reports of an imploding US Treasury market, dwindling foreign interest in buying bonds, and looming hyperinflation. Concerns are growing of a serious economic collapse akin to the Great Depression, while there is an apparent surge in factory building and preparation for war, indicating a possible governmental knowledge of an approaching end.
➡ ICBC Financial Services, a unit of Chinese bank ICBC, experienced a ransomware attack, disrupting its systems and information. Although the cybersecurity issue has not been definitively tied to any specific perpetrators, this hack reflects a global increase in similar attacks and is seen as a potential form of warfare that can seriously impact economies. The bank is currently working with professional security experts and law enforcement to investigate. The attack also raised questions about the financial relationship between China and the US, suggesting deeper implications for the global economy, including potential future economic recessions or crashes.

Hey, everybody, economic ninja here. I hope you’re doing well. We’ve got story right now breaking out of China. But it’s not out of China, it’s in the US. It’s entitled China’s ICBC, which is the world’s biggest bank just hit by a cyberattack that reportedly disrupted treasury markets. Now, as I talk about this story, you need to understand what’s going on behind the scenes. Our bond market, Treasury Market is imploding.

The other day we had a 30 year auction for bonds and it was abysmal. It is getting really bad. Foreign buyers are not showing up. I want to tell you that behind this story there are things being hidden from you and you need to realize how big of a deal it is. By the way, I put at the top link in the description a video I did on my other channel, the real estate ninja, which is actually blowing up right now.

The channel is blowing up. The video is blowing up. It shows you what is happening in our mortgage market and in our banks. And we have now hit the point where the corruption has now been brought out so evident. The mortgage backed securities market is blowing up and being investigated right now. You are going to see news stories in the next four weeks that will blow your mind when it comes to mortgages.

Okay? But with that being said back to the ICBC bank, they’re going to try and calm you. But you have to realize ICBC is involved in the repurchase market. The repurchase window, the Fed repurchase window. There is so much happening behind the scenes to hide what’s going on and how bad this collapse is. Let me give you an example. The treasury market had the 30 year bond sale.

It was so bad it was the longest tail and I’ll explain in the history of the 30 year bond sales. Never seen this tale. This is what happened. The government needs money so bad they are borrowing money at such a breakneck pace right now. We are talking on an average right now about a trillion dollars every twelve weeks. This is no joke. What they are doing is they are building factories in America, which you’d think is Good.

They don’t have the employees to fill them because we’re about to break out into multiple wars around the world, one of them being China and Taiwan. It’s very serious. It sounds funny. Yesterday, the pandas, right, left that zoo back to China because China has recalled even the Pandas. They are showing we are separating. America is showing we are separating. They’re building all these factories. They’re borrowing money. They’re spreading all the money around other different wars.

Okay. We are in collapse mode, which is causing the GDP to rise. Right. Unexpectedly because the amount of factories being built and the amount of money going into the war machine, this is when a government knows it is at the end. All right. Is it going to happen tomorrow? No. Will it happen over a handful of quarters, maybe five at the most? Yes. We are in serious times and a lot of information gets suppressed.

That’s why this channel is not growing. I have never, since I started this YouTube channel, seen this little views and this little subscriber growth since the first six months of me doing this. And you want to know why? The truth is because I warned about some things I shouldn’t have. They made it very clear to me. So this other channel is blowing up. So I’ve turned that into massive news as much as I can.

So please go check that out. It’s top line Description back to that government auction. This is why it’s so serious. And this story, this cyber attack that’s going on right now in the world’s largest bank. But it’s not the bank, the world’s largest banks getting attacked. It’s their US arm. You’ve got to realize how bad this is. When they went to go sell those treasuries, the government, nobody’s showing up anymore.

Foreign governments are no longer buying our treasuries. Nobody’s showing up. We are not able to export our inflation, which means we’re going to have a bout of hyperinflation in food and energy. Okay. We will have deflationary drops in other classes because people will be caring more about paying for food and energy. I get it. A barrel of oil dropped. Get over it. You’re not going to see lower prices of oil over the longer term when I’m talking about the next six months to a year.

Okay? Look at that as a gift. People only focus on what’s happening today. You need to look at what happened years ago and then look for what’s happening years from now. Okay? We’re entering 2024. This is no joke. Do you agree? Do you understand what I’m talking about? Type one, if you don’t, if you think I’m just an alarmist, type two, everyone’s entitled to their opinion. But the thing is, too, even as people are typing one, because they’re going, yes, this is getting bad.

We are in a moment in history where you are the rare type of person. You are a rare breed because that’s why booms and busts happen because the majority of people all are swimming one way and just a few fish are swimming the other way. That’s how you make money. That’s why I’ve been trying to wake up the nation and the world, for that matter of fact, to wake people up.

Do me a favor. Hashtag what country or what state you’re watching from right now. I just love to see this time of day where everyone’s coming in from. All right. When the government tried to sell 30 year bonds yesterday. I’m sorry, I’m fired up. I’m going all over the map. They had the longest tail ever. This is what it meant. The government tried to issue 30 year bonds at a certain rate.

Crickets. Nobody showed up. So they had to offer a higher rate. Nobody wanted to buy. They had to offer a higher rate and then a higher rate. And then finally, at the end of the closing, you have the spread, which is the tail of what the offering opened at, to what they ended up having to sell those treasuries for. Nobody wants to buy it. So the media is touting mortgage rates plummeted.

No, they didn’t. They’re straight up lying to you. They went from 7. 8 to 7. 6%. They are straight up lying to you. They’re saying mortgage applications exploded. No, they didn’t. They’re lying to you. They went up 2. 5% week over week. They are freaking lying to you. And you want to know why they’re lying? Because they’re selling. Some of the biggest people on YouTube and social media right now are selling.

They’ve been selling for two years. Stocks, bonds, and real estate. I know this personally, but you know what? Every time you say it, they threaten to sue you or they come right after you. They spend more money on ad spend to get in front of you, to lie to you, sell you all their crap on the backside. That’s why I started that real estate crash course. I’m like, yeah, for $200, you want to complain? For $200, I guarantee you watch that, you’ll save ten times or you’ll make 100 times more than the cost of that course.

That’s a gift. That course will no longer be that price forever. As of January 1, because I’ve done everything I can, one full year will have passed since I started that course. And look, when you watch the course type. Hey, guys. Everybody that’s students, put down the course. How much of that course has already happened in one year? All right, here’s the story. And I digress. Sorry, but it’s so important that people understand how serious this is.

This is out of CNBC. This just happened. This story just broke a few minutes ago. About 45 minutes ago, China’s IBC, ICBC, the world’s biggest bank, hit by a cyberattack that reportedly disrupted treasury markets in the US. Just the US arm, it says the US Financial Services Division of Chinese bank ICBC was hit with a cyberattack that reportedly disrupted tradings of Treasuries, industrial and Commercial bank of China, the world’s largest lender by assets.

This is not a joke and I’m telling you right now. Is the bank going to be okay? Are they going to crash tomorrow? No, they’re going to be okay. They’re going to be fine. They’re not going to crash, right? You have to understand what’s going on. It’s the US arm. There are policymakers trying to hide the greatest collapse since the Great Depression. Right now it’s been going on, we’re in crash.

If anyone is real smart and wants to say you’ve been worrying about this for eight months, you have no freaking clue what’s happening. The treasury market is melting. Higher interest rates are out of control. The Fed even came out. I’m going to report this on the real estate ninja next. Jerome Powell came out the other day and says this is an exact term, but it’s close. You’re delusional if you think that rates are going down next year.

People are delusional. They have no idea how big this is and this is the greatest opportunity of your life. It says that Thursday its financial systems arms called ICBC Financial Services, experienced a ransomware attack that resulted in the disruption to certain systems. Immediately after discovering the hack, ICBC isolated impacted systems to contain the incident. The bank said ransomware is a type of attack that involves hackers taking control of systems or information and only letting them go once the victim has paid a ransom.

It’s a type of attack that has seen an explosion in popularity among bad actors in recent years. There is so much behind the scenes of this that they’re trying to hide. I’m telling you right now, this is being done by the US. See, I got to be careful what I say. This channel has been hit so hard, it’s crazy. There are people that don’t want you to know what’s going on and there is a war.

There’s physical shooting wars going around the world and there are financial wars and someone wants to attack other countries economies. I don’t know how to explain this any better. And we, in our place where we live, America, we want to blame other people for what’s happening in our banking system. Okay. ICBC did not reveal who was behind the attack, but it said it has been conducting a thorough investigation and is progressing its recovery efforts with the support of its professional team of information security experts.

The Chinese bank also said it is working with law enforcement. ICBC said it successfully cleared. Now this is what you need to understand. It successfully cleared US treasury trades executed Wednesday and repo financing trades done on. So how much involvement does a Chinese bank, the US arm of a Chinese bank, have in our repo program, which is held by the Fed? You should start looking down that aisle.

I can only lead you a certain way because there are people that don’t want this information out. On top of that, when they said they successfully cleared US treasury sales or trades, what side of the trade were they on? Were they on the buy side or the sell side? I’m just curious. I have a feeling you all know, keep typing down below hashtagging the state or the country you’re from.

I’d love to hear it. It’s important. Trust me. I’ve got a reason. However, multiple news outlets reported there was a disruption to US treasury trades. See, we’re trying to wake the algo up. The Financial Times. Let me read this again. However, multiple news outlets reported there was a disruption to US treasury trades. Okay, this is very serious. People need to understand this. Our bond markets imploding, the greatest crash in bonds since the 1780s.

This is not a joke, all right? The Federal Reserve has already seen that rates are going out of control and the Fed is loving this because the Fed is not going to be blamed. Okay? This is your narrative that is going to make up 2020 four’s economic crash. The Fed is not going to be blamed for raising rates anymore. They’ve pulled back because the bond market’s doing it for them.

Because everything’s crashing because nobody wants to buy our treasuries or bonds anymore. This is not a joke. So now the Fed gets to sit back and go, it’s out of our control. Look at what’s happening. The foreign buyers aren’t showing up. They’re the boogeyman. Remember? Rates keep going up. The government’s out of control with its borrowing. You’ve seen this before where the Fed comes out and goes, they go, hey, the president is doing too much.

They’re borrowing too much. You’re going to run yourself into. They did this with the last president. You’re going to run everything into the crash. THe next president comes out and imprints even more, right? And it’s an eternal Ponzi scheme. And they’re sitting there putting the blame out of people, keeping it off of them. They’re not going to be the boogeyman. But hey, oh, we’ve got to keep the rates higher.

We can’t drop the Fed funds rate even though mortgages are skyrocketing up and housing’s crashing. We got to keep these rates higher, which are going to put more of a pinch on economies, on businesses, which are going to crash the real economy. Right? Because look it, look it, we’re not in a recession. There’s an explosion in GDP. People don’t realize it’s because the government’s borrowing so much money and they’re building factories and they’re preparing for World War and they are supplying other wars, proxy wars, to get ready for World War.

And they know that it’s endgame. This is what the Romans did. They started like melting different metals into coins. They’re going, crap, we’re going down fast. So let’s print as much fake money as we can and let’s get it out to the people before everything implodes. Before, remember what the Romans couldn’t do? They couldn’t feed their soldiers. Remember that that is coming in our future, which means entitlements will be drastically cut.

Please understand that if you’re not preparing for this and not only preparing out of, don’t prepare out of fear. I mean, shoot, fear is a good motivator. When you see all this crap going down, you’re like, okay, this is real stuff. I’m not going to go out to dinner tonight. I’ll just save my money. I’m not going to go tell them that vacation and put it on my credit card.

I’m just not going to do that. And then identify the opportunities, man, there’s going to be so much money to be made because there’s going to be so many idiots that didn’t listen to you before and they’re stuck now. Their credit score is shot. Banking lending goes down by, let’s say, 60, 70, 80%. And since 60, 70, 80% of Americans lose their credit score because they missed a mortgage payment or a credit card payment or a car payment or student loan payment.

Understand? Then you’re going to be able to pick up the scraps and make money. This will be akin to what happened in the Great Depression. A million people are going to make a million dollars. I’m telling you right now. Because you’re watching and you’re preparing right now. So they’re hiding everything. So it says right there, the US Treasury Department told CNBC, we are aware of the cybersecurity issue and we are in regular contact with key financial sector participants in addition to federal regulators.

We continue to monitor the situation. This is happening right now as we speak. The ICBC said the email and business systems of its US financial services arm operate independently of ICBC’s China operations. They’re good. This is a US deal with the Chinese bank, okay? They’re secure. Just like when Evergrande closed their doors, went bankrupt. And I was reporting on that years ago and they turned around, they said, hey, China’s going to get their money back first.

China said, hey, Evergrand, you’re paying back all your Chinese investors. First us, you’re out and it already is rippling through into your pension fund, into mine. I’m telling you, this is epic. What did the Chinese government say? Wang Wen Bian, spokesperson for China’s Ministry of Foreign affairs, said Friday that ICBC is striving to minimize the impact of losses after the attack. Speaking at a regular news conference, Wang said ICBC has paid close attention to the matter and has handled the emergency response and supervision well.

According to Reuters, they’re okay. They know this is happening in America. Nobody has claimed responsibility for the attack yet and ICBC has not said who might be behind the attack. It’s probably Russia. I’m just telling you that’s what CNN is going to say. But there are clues about what kind of software was used to carry out the attack. This is what I want to tell you. This is a big deal and it’s going to be a bigger deal.

The news story, the video I did at the top line of the description, and right after this is done, I’m going to pin in the comment section. It’s about what’s going on, Fannie and Freddie and investigation and our mortgage backed securities are now imploding. You’re gonna find out in four weeks. But go check out that video and you’re going to be able to find out right now. Think about this.

This is exciting stuff to be able to uncover this stuff prior. That’s what this channel has been doing for three years. It’s not bragging, it’s just, it’s easy to see these cycles and then it’s easy once you see the cycles, easy to make money from them. I hope you guys have a great day. I’m going to put that link down in the description right now. Go check it out.

If you don’t mind hitting, subscribe over at the real estate Ninja channel. It’s going to be a broad based economics channel. It’s blowing up right now because some people want this one held back. I don’t know why the economic ninja is out. .