@@dragon.fromindia3235 dollars aren’t fake… you can use them to buy stuff If you mean they are backed by government, yes.. yes they are.. and that’s why we should be investing in decentralized cryptos.
@@Mesozoic_mammal Yeah, keep worshiping and idolizing those liars with their fancy titles, sheeple. The more ordinary hard-working people believe in them, the easier they can rip you off. Financial elites are just licensed hustlers.
@@johnnocanuck really not sure depend on what sort of information your talking about I would assume there top clients would get better info. I'll be ring them now if I had a few million invested and asking their fund manager these question if no answer I'll be withdrawl funds if you understand what's going to happen.
The 2008 crisis was never solved, this is all by design, although at some point they will not be able to do anymore quantitative easing, so we are pretty much at the end of a 300 year cycle of the fiat system, it was a good run while it lasted
And if so unlike the US (zero foreign reserves), China has foreign exchange reserves of 3,23 billion US-Dollar. The only question they are asking themselves is how to delevarage without tapping into these valuable and huge reserves.
why would China prop up Evergrande and reduce their $ supply?? I can't think of a good reason.. they need time, lots of it, to study and build up their IC/fabrication facilities.. shedding $ reduces their ability to buy commodities
and lose your pants when the ccp bails them out ? placing short bets in china's market is like performing steps dance in a minefield .. highly unadvised to say the least ... just look at solar , that company has been losing money for years and were actually losing money on every piece they sold but the government kept bailing it out cause it supplied plenty of jobs
But long term effect is that China’s market is in stiff and stagnant status which is hard to invest for foreigners in Xi’s era. This would be worse when Xi approaches to fatuous age as in Mao’s era.
