Warning: China Starts Dumping US Dollars - Financial Crisis Is Coming
Warning: China Starts Dumping US Dollars - Financial Crisis Is Coming
China is currently concealing an astonishing 3 trillion dollars in foreign currency within shadow reserves. While official reports from China’s State Administration of Foreign Exchange confirmed this figure, experts believe the actual reserves might be around 6 trillion dollars. This lack of transparency in China’s financial practices raises significant concerns, creating new and substantial risks to the global economy. What’s even more unsettling is that over time, China’s management of its currency and foreign exchange reserves has become increasingly opaque, making it difficult for the rest of the world to gauge their true intentions and strategies. It’s not just about hiding a portion of their wealth; it’s about the collateral damage that the world will experience. China’s role as an economic giant directly affects the rest of the world, by how they manage their economy, and their currency. The lack of transparency also makes it extremely challenging to predict their next move, which has now become an even bigger problem.
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