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7 sats \ 1 reply \ @Undisciplined OP 18 Oct 2024 \ parent \ on: Chinese Authorities to Stop Economic Cleansing econ
If anything, it seems like China's looking to increase their gold holdings. They've been gradually unwinding their position in US Treasuries for a while, but I'm pretty sure it's just been normal central bank "borrowing".
Things would become affordable to 'the people'. It's so obvious.
Unfortunately, it's not obvious enough.
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0 sats \ 0 replies \ @xz 18 Oct 2024
Looking to increase their gold holdings and dillute their national currency simultaneously. We live in a world of playing chicken with our nation's material wealth.
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