China Makes MASSIVE Move As Trade Tensions ESCALATE!
Josh Sigurdson talks with author and economic analyst John Sneisen about the recent move made by China to release a $3 billion bond backed in US dollars! This would be only the third US Dollar denominated issuance by China in the last 14 years. So the rarity of this bond is quite incredible considering the number of non-USD backed bonds over the past 14 years as is illustrated in charts in the video.
As the trade disputes grow more and more unstable and China actually loses some ground, they are making moves that can possibly turn the tides.
All of these economies will eventually come crashing down, but with that said, China has the upper hand as their citizens stock up on gold, their populace is ridiculously subservient to their cashless system and China basically buys up countries throughout the world much like the IMF did for so long. This makes China terrible, but also smart. They are setting themselves up to be the next world reserve currency and the world order itself. The IMF is looking to base itself in Beijing and one can imagine what that means for the SDR as the US dollar comes crashing down.
So is China backing themselves up with a bit of security after a string of losses? Yes. Does it impact China dramatically long term? No, they appear to have found a few ways around this current trade dispute and they look like they’re getting the upper hand long term.
Stay tuned as we continue to cover this story!
Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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