Sunday , 1 December 2024

Tag Archives: yuan

China’s Debt Binge & Buying Spree Is About to Burst! (+2K Views)

When it comes to reckless money creation, China is the king. Over the past five years Chinese bank assets have been fueled by the greatest private debt binge that the world has ever seen. Unfortunately for China (and for the rest of us), there are lots of signs that the gigantic debt bubble in China is about to burst, and when that does happen the entire world is going to feel the pain. Let me explain.

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BRICS Plan to Abandon U.S. Dollar Will Hurt U.S. and Help Gold (+4K Views)

Frustrated with what they viewed as being ignored by the West and not having a prominent role in institutions like the World Bank and the International Monetary Fund, Brazil, Russia, India, China and South Africa (also known as the BRICS countries) have held their second summit...[and declared war on the U.S. dollar. Let me explain.] Words: 572

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