Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

A HERETIC I AM

(24,701 posts)

3. You missed a step or 2;

Reply to EndGOPPropaganda (Reply #2)

Tue Jul 10, 2018, 08:25 PM

Jul 2018

Here’s the sequence:
Chinese crash
Chinese individuals pull money from the US
US crash

Revised;

Here’s the sequence:
Chinese crash
Chinese central banks flood the market with their US Treasury holdings in a desperate search for liquidity.
Chinese individuals pull money from the US
US Treasury Market collapses
US crash
Worldwide crash

I'm not far off I think. China has been unloading their Treasuries over the last 24 months such that they are no longer the largest holder - Japan is now.

The Chinese have been looking for hard , reliable, tradeable currency for quite a while. The Ren Min Bi is shit on the international currency market and they know it. They want to be a dominant economic force worldwide. They have been slugging money into Africa as an example, at an alarming rate, yet it seems in many ways their own economy is working on a tether.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

3 replies

= new reply since forum marked as read

Highlight:

If there is another major Real Estate related crash, it will start in China (edited) [View all] A HERETIC I AM Jul 2018 OP

I read something like this before concerning de-value of the dollar Iliyah Jul 2018 #1

A Chinese crash will spread to the US EndGOPPropaganda Jul 2018 #2

You missed a step or 2; A HERETIC I AM Jul 2018 #3