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Global US-Dollar Shortage - Are We Already in a Recession?

2023-11-03_14-28-56.jpg
 

China, once an unstoppable economic powerhouse, has hit a wall​

Local governments are shouldering a substantial portion of the debt — $12.8 trillion in 2022, equivalent to 76 percent of China’s annual economic output — and they possess only a small fraction of the cash reserves needed to cover immediate debt obligations — 20 percent https://thehill.com/opinion/finance...stoppable-economic-powerhouse-has-hit-a-wall/
 
China needs to peg yuan soon - 7.30 now

The Chinese central bank kept such a tight grip on the reference rate, sending its volatility to almost zero, something that last took place 13 years ago. From the onset of global financial crisis in 2008 to the middle of 2010, Chinese authorities essentially pegged their currency at 6.82 per dollar.

China should do it again.

onshore%20yuan%20daily%20closings.jpg
 
realDonaldTrump said:
China needs to peg yuan soon - 7.30 now

The Chinese central bank kept such a tight grip on the reference rate, sending its volatility to almost zero, something that last took place 13 years ago. From the onset of global financial crisis in 2008 to the middle of 2010, Chinese authorities essentially pegged their currency at 6.82 per dollar.

China should do it again.

onshore%20yuan%20daily%20closings.jpg
Click to expand...
Why need to peg yuan to usd ? When Chinese yuan is commonly accepted as gold currency
 
ChinaCommunistSG said:
I hope China to bankrupt soon
Click to expand...
China just need to depreciate their currency a little more like Yen, confiscate foxconn & alibaba and nationalized their over-geared property companies, they will be fine.

They can also integrate HK and Macau's reserves (about 40-50% of China's reserve-size) to bail out their central bank. There is so much they can do.

Read this: China's Grand Strategy - The Four Wars
https://kunstler.com/clusterfuck-nation/the-four-wars/
 
realDonaldTrump said:
China just need to depreciate their currency a little more like Yen, confiscate foxconn & alibaba and nationalized their over-geared property companies, they will be fine.

They can also integrate HK and Macau's reserves (about 40-50% of China's reserve-size) to bail out their central bank. There is so much they can do.

Read this: China's Grand Strategy - The Four Wars
https://kunstler.com/clusterfuck-nation/the-four-wars/
Click to expand...
China better confiscate all foreigners assets
 
 
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