HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree | |
Anonymous Coward User ID: 82683078 Austria 10/04/2022 01:54 AM Report Abusive Post Report Copyright Violation | Re: HOLY MOTHER of PEARL!! Red Friggin Alert!! China tells state banks to prepare for a massive dollar dump and yuan buying spree 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 Way too late. Real estate was already bought up by foreign, soon to be occupants, in the USA. |
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Anonymous Coward User ID: 66282421 United States 10/04/2022 04:22 AM Report Abusive Post Report Copyright Violation | 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. Quoting: NIMST3R 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. Thing is though any currency that has even a possibility of replacing us is MUCH heavier in debt than we are. That combined with the fact China can just confiscate whatever it please at whatever time for whatever reason makes it difficult to make an argument for the yuan. China's hidden debt also exceeds 200% this is a death blow for that as a currency replacement. Russia doesn't have much debt but they also dont manufacture much, finance much build large infrastructure projects outside of Russia or even much inside. Not sure who would be replacing the US dollar as the hegemon at this point |