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Re: hinkydink post# 65496

Monday, 09/06/2021 5:27:00 PM

Monday, September 06, 2021 5:27:00 PM

Post# of 96337
I was talking about the ridiculous video labeled as "BREAKING - HUGE ANNOUNCEMENT BY CHINA SOON" and how it was bullshit. The guy in the video says that the digital Yuan will take over as the world reserve currency and that the dollar is going to zero. Did you watch it? I am also saying that China's economy is about to completely collapse due to their debt and housing bubble which is far worse than ours. The Chinese housing bubble is literally the biggest bubble in human history. As far as:

I guess that the unfunded trillions that the US government is spending does not enter into the equation at all.....


Looks like the powers that be think that Modern Monetary Theory (MMT) is the solution, however I believe that it is what will eventually destroy the US dollar and this country as we know it, NOT the digital Yuan. Voting has consequences, right? At least we don't see any more "mean tweets" right? All of this is great for cyrpto, and our investment here with MONI, but bad for our country and the rest of the world.

https://money.usnews.com/investing/investing-101/articles/what-is-modern-monetary-theory-mmt

China defaulting means the USA will default means the EU will default. In turn, every other nation will default as the network of loan dependencies cascades into non-existence and hordes of government traders start a firesale. At that point the masses will notice their bonds are in trouble and start retrieving them early, which worsens the firesale, so on, so on, so forth. This could be the big one, we'll see.


https://archive.is/a9LTF

https://www.zerohedge.com/markets/doomsday-evergrande-arrives-creditors-demand-immediate-payment-bonds-no-longer-eligible

The company is seen as crucial to the health of China’s financial system because of its vast debts, which it needs to continually generate cash through sales of its apartments to service.


China has big problems...