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HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree

 
Anonymous Coward
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10/03/2022 09:04 PM
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HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
China tells state banks to prepare for a massive dollar dump and yuan buying spree as Beijing's prior interventions have failed to stem its currency's worst year since 1994

The People's Bank of China has told major state-run banks to prepare to shed dollar holdings while snapping up offshore yuan, which has continued to fall despite prior interventions,

The scale of this latest effort to prop up the yuan will be big and could provide a floor to the Chinese currency,

[link to markets.businessinsider.com (secure)]
Anonymous Coward (OP)
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10/03/2022 09:05 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
Assume crash positions!!!


Woot woot woot!
Anonymous Coward (OP)
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10/03/2022 09:07 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
Anonymous Coward
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10/03/2022 09:08 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
They're collapsing for sure. It's going to be hilarious.
Anonymous Coward
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10/03/2022 09:10 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
Will this make our inflation worse?
Anonymous Coward
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10/03/2022 09:11 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
Zetas right again!
Anonymous Coward (OP)
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10/03/2022 09:13 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
Now we know what the Fed’s closed door meeting was about today.
Anonymous Coward
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10/03/2022 09:14 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
time to print trillion contracts of gold to keep it down lol
Anonymous Coward (OP)
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10/03/2022 09:16 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
time to print trillion contracts of gold to keep it down lol
 Quoting: Anonymous Coward 84146480


Good luk!


Can’t believe this isn’t already super pinned
Anonymous Coward (OP)
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10/03/2022 09:17 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
Will this make our inflation worse?
 Quoting: Anonymous Coward 83689824


Who will be the buyer of last resort?
Anonymous Coward
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10/03/2022 09:26 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
bump
Anonymous Coward
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10/03/2022 09:32 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
Will this make our inflation worse?
 Quoting: Anonymous Coward 83689824


those dollars gotta go somewhere
Justsayno

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10/03/2022 09:36 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
Will this make our inflation worse?
 Quoting: Anonymous Coward 83689824


those dollars gotta go somewhere
 Quoting: Anonymous Coward 76423614


They will be trying to buy real estate driving up prices to insane levels, especially farmland, gold silver, ammo, anything that might hold value

Europe will be doing the same thing as they crash, all those dollars are coming home


We should ban foreign ownership of real estate in the usa
Malu
Anonymous Coward
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10/03/2022 09:38 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
Will this make our inflation worse?
 Quoting: Anonymous Coward 83689824


those dollars gotta go somewhere
 Quoting: Anonymous Coward 76423614


They will be trying to buy real estate driving up prices to insane levels, especially farmland, gold silver, ammo, anything that might hold value

Europe will be doing the same thing as they crash, all those dollars are coming home


We should ban foreign ownership of real estate in the usa
 Quoting: Justsayno


Yeah!
They should be forced to keep all that pesky inflation we exported to them!

Hell, this could mean war!
Anonymous Coward
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10/03/2022 09:47 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
Biden will outlive the USA.

He is the form of its Destructor!

bidendid
Agent 99

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10/03/2022 10:15 PM

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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
Someone is gonna nuke something, somewhere.
Woogy

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10/03/2022 10:30 PM

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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
Total fucksville world-wide. I pray cooler heads prevail..my gut says the spiral down is hitting 6th gear.
You know..you never know..you know?
Alpacalips

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10/03/2022 10:33 PM

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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
bump
Anonymous Coward
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10/03/2022 10:34 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
Excellent cover story for finally dumping the last of its US debt paper.

China will diversify FX holdings and continue to build its gold reserves.


Now, when will Japan begin the big dump?


Famous Asian proverb... he who dumps last eats cat food under a bridge
Agent 99

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10/03/2022 10:52 PM

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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
Futures aren't responding yet.
Guess we have to wait until the morning.
Anonymous Coward
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10/03/2022 10:57 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
The world stage is being set for The Antichrist. Soon the economy will collapse along with World War 3 and out of the ashes he will come to power. Accept Jesus Christ as your Lord and Savior today! You have little time left. Tomorrow is not promised. You have nothing to lose and everything to gain!


Thread: Have you accepted Christ yet?
Anonymous Coward
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10/03/2022 11:00 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
China owns less than a trillion of US debt.

Or 3%.

Dumping it all seems like an extreme act. It's more likely they'd dump $300 to $600 billion.

Why?

Because it's always good to keep a little debt in major currencies. Everybody holds a little bit of everybody's debt.
Anonymous Coward
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10/03/2022 11:12 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
If it helps the dollar increase it could be a good thing since our rising dollar is destroying every other economy. Im sure its more complicated than that though.
Anonymous Coward
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10/03/2022 11:14 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
Meh no big deal.

Nothing in the markets. China has $988 billion in total. That's nothing.
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10/03/2022 11:15 PM

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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
Credit Suisse….

dominoes
“We have assembled the most extensive and inclusive Voter Fraud Organization in the history of America”—Joe “SippyCup” Biden

Joe Biden will never be the man Michelle Obama is

The worst thing about dying is that you become a democratic voter for eternity
Anonymous Coward
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10/03/2022 11:15 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
based on this thread being pined


dow up 10% tomorrow


Idol1
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10/03/2022 11:16 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
seal

Onward silvertards, we finally ride!
Anonymous Coward
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10/03/2022 11:17 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
seal

Onward silvertards, we finally ride!
 Quoting: Anonymous Coward 84077474


two cheeks

s226
LunaticCC
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10/03/2022 11:18 PM

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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
This was all over twitterverse over the weekend. We shall see what happens. Credit Suisse and Deutsche bank news too.

Let is all fall for all I care. I am in far out shorts so if it happens it is a win for me. If it does not then I will extend them out for next year. :)
Restricted User

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10/03/2022 11:20 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
Precious metals and diamonds are just as nice every one of them like solid gold
NIMST3R

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10/03/2022 11:22 PM
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Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree
it just means they get out of the USD before it becomes toiletpaper.

These things are worth taking note of, prepare accordingly.

It is a big signal in a long line of signals that something is about to go bust.
—— There still is time if you RUN NOW!! —





GLP