Friends sharing thoughts...

[Wrinkles]

MUST READ / VERY IMPT, I have not heard this anywhere else, has my attn, read these from top down.....

Jim Rickards
@JamesGRickards
·
9h
There is one story that may be bigger than the elections, the riots, and the pandemic, but it will take a few years to play out. The U.S. will convert China's $1.2 trillion of Treasury notes to a trust fund for COVID-19 victims and for economic damages. Bye-bye China reserves.
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Sean Leaver
@Sean_Leaver
· 9h
If this happens USD is going to tank big time as China moves into EUR, JPY, gold, & other reasonably liquid currencies such as AUD. Question is what will happen to commodity prices? If they rise in USD terms the Fed will get their inflation. twitter.com/JamesGRickards…
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Jim Rickards
@JamesGRickards
·
9h
Wrong. Reserves are not kept in "currencies" they're kept in bonds denominated in currencies or in gold. Most JGBs are already owned by BOJ. AUD market is tiny. Treasuries will rally on reduced floating supply. Your alternative markets are all too small. Gold will get a lift.
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Steve Henningsen
@Stevephenni
· 9h
Pretty sure China would consider that an act of war so..... twitter.com/jamesgrickards…
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Jim Rickards
@JamesGRickards
·
9h
The war started ten years ago.
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Steve Henningsen
@Stevephenni
· 9h
Replying to @JamesGRickards
I agree with much of what you say Jim, but that would take it to a whole other level. It’s one thing to poke the tiger in the rear and quite another in the eye.
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Jim Rickards
@JamesGRickards
·
9h
Releasing SARS-CoV-2 and covering it up is what I call taking it "to a whole other level." Converting China's bonds to a trust fund is simple justice for the original crime. If one has a problem, I suggest you call Chairman Xi.
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https://twitter.com/JamesGRickards