If we go to financial war with China let's not forget who buys the most U.S. debt. And China has already said last week that they were planning on scaling back their purchases of U.S. Treasury debt. Is this the response from the Treasury Dept? Shit could be getting very real.
You are viewing a single comment's thread from:
China has been around for thousands of years longer than the US. They strategize in terms of Millenium, when we in the west think of tomorrow. In the long run, China isn't going anywhere, they can outlast any fiscal policy known to man, and they know it. The dollar standard is nothing but a spec of dust to them.
CHINA also Invented Paper, Fiat Currency! They ran the gamut of Precious Metals money, to PM Backed Paper, to FIAT (unbacked) to hyperinflation and back to real money, all before most of Europe was getting a good start.
You're pretty smart for a BABY! ;)
I'm on up-vote lockdown but here's a token :P
LOL I've been covering financial markets as a writer for forex companies for going on 7 years. I've been digesting this shit every single day. Anyone with half a brain who follows GLOBAL markets can see what's going on.
Too many people just focus on one market, but they're all interconnected. Currencies and precious metals have been acting weird for at least six months (precious metals actually longer), but no one cares because equities keep rising and equities are what the msm feeds to the masses.