Hello, fellow noble capitalists, hope you're well.

I'm here with my good buddy and research assistant Josh,

and we are going to dive right into an article from ZeroHedge

talking about the world's largest asset class collapsing as we speak.

It's not clickbait.

Josh let's shoot right over to this Zero Hedge article

and tell them what we are referring to.

Furious investors protest outside of China's insolvent

shadow banking giant.

Now, this shadow banking giant is called Zon Grom, I'm sure I'm mispronouncing that, but basically

they're China's version of Blackstone.

So you guys know Blackstone very, very well, not to be confused with Fink and

ESG boy, as we call him, over at Black Rock, but basically, I mean mean they're all in the same category as far as I'm concerned but look at this

They have massive exposure to the Chinese real estate sector we've been talking about this for the last few days. I got to

give a huge hat tip to my good buddy Jeff Snyder who's been talking about the problems

that the Chinese economy has been having literally for months. He has been on top of this. He has been on top of this.

And it's not just the real estate sector.

I'd like to point out that it's also the manufacturing sector.

We talked about this yesterday

with the youth unemployment rate going up to 21.3% at an all-time high.

But look at this chart.

If you don't think what is happening in the Chinese property market has

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