We have known for some time that the Evergrande collapse in China was going to spread and have widespread ramifications. Reading this piece leads me to think the Chinese might be forced to accelerate their rollout of the digital yuan. If a vast movement of the Chinese people stop paying their mortgages, taxes(don’t know if they have property taxes on real estate) and other payments the economy would likely collapse. If the government implements the digital yuan, they could take people’s obligations to banks, the government and others out of the accounts before people receive their pay, or proceeds from a sale or transaction. This may not have been the major type of control the creators of central bank digital currencies were thinking about but it may be something whose time has come. In China for now, and soon after in most other places as well, as more and more Western governments create totalitarian hell holes.                                          https://www.zerohedge.com/markets/we-decided-stop-paying-all-loans-chinas-mortgage-payment-boycott-spreads-property-suppliers