Customers that banked at SVB’s offshore tax heaven Cayman Islands branch had their funds (13.9 Billion) seized by the FDIC

They've been quite clear the Cayman accounts weren't covered…and why WOULD they be? FDIC is federal insurance…not foreign account insurance. pic.twitter.com/5xpgVRSdpf — NonnyLynda (@NonnyLynda) April 2, 2023 https://twitter.com/_/status/1658791388593389571 https://twitter.com/_/status/1658621262384730112 h/t inna

CHINA: Offshore #yuan weakens sharply… There is no “re-opening”… OCT Exports #slowed to 0.7% y/y in dollar terms from 5.7% growth in SEP

Offshore #yuan weakens sharply Monday morning…God bless Hang Seng… pic.twitter.com/d037XYOQIz — Cathy Yuan Zhang (@CathyYuanZhang) November 7, 2022 There is no "re-opening" in China this morning – those were 1-day trades China OCT Exports #slowed to 0.7% y/y in dollar …

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Evergrande officially declared indebtness on offshore/international bonds! Kaisa struggles for relief from bondholders as default risk looms

by Scrolling_Scroller Things are actually happening! ​   Link to below official statement: https://www1.hkexnews.hk/listedco/listconews/sehk/2021/1203/2021120302119.pdf China’s Kaisa struggles for relief from bondholders as default risk looms HONG KONG, Dec 2 (Reuters) – Chinese developer Kaisa Group Holdings Ltd (1638.HK) is unlikely …

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Evergrande’s offshore default risk…

Evergrande's offshore default risk. This is only Evergrande, there's 100's of others. https://t.co/UdcZra5Yyy — Financelot (@FinanceLancelot) September 22, 2021 Oh dear… https://t.co/Hbgz81XiXl — Godzilla Trader 🦖 (@David_Tracey) September 22, 2021

Should Investors Have Money Offshore?

by Dennis Miller A friend asked why I have an offshore account. I countered, “Do you REALLY trust the government?” He felt the Fed saved us in 2008 with their Quantitative Easing (QE). The economy is great, and employment is rising. …

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