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

You won't worry about recession when starvation arrives. It's coming. :cool:
 
It seems the west is under sef destruction mode. Own self destroy ownself.
 
1-mth US T-bill reached 6%pa
very inverted yield curve

7dc5odtb5uxa1.jpg
 
SOS said:
The New Development Bank is having trouble finding dollar funds to repay debts, the Wall Street Journal said. It was established by the BRICS bloc of nations to offer alternatives to dollar lending.

https://www.msn.com/en-us/money/new...ying-its-dollar-debts-report-says/ar-AA1cEIxB
Click to expand...
this one chio ka peng. all these brics’ alternatives to usd championed by ccp are delusional jokes. due to ccp monetary policies within prc, banks in prc cannot hoard usd, but same banks outside prc are paying higher interest rates for usd deposits than other currencies. truly phucked up, delusional, and hypocritical. ccp can never understand international banking, finance, and how markets work.
 
eatshitndie said:
this one chio ka peng. all these brics’ alternatives to usd championed by ccp are delusional jokes. due to ccp monetary policies within prc, banks in prc cannot hoard usd, but same banks outside prc are paying higher interest rates for usd deposits than other currencies. truly phucked up, delusional, and hypocritical. ccp can never understand international banking, finance, and how markets work.
Click to expand...
According to this article, they need to print more money. China has entered a lost-decade scenario like Japan if the wages of commoners cannot keep up with the pace of inflation caused by FX drop.
https://www.reuters.com/markets/asi...er-private-sectors-growth-falters-2023-06-15/
 
laksaboy said:
You want to buy also no one is selling.

You may have to go without food for a few days.

There may be food rationing.
Click to expand...
No worry on that.... Many Borneo Indon cheekon arriving
 
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