The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: DinoNavarre who wrote (5775)	6/14/2020 5:28:04 PM
From: Elroy Jetson	Read Replies (2) of 13801

China has created a toxic financial product worse than anything created by Goldman Sachs. What business would use a currency consisting of: 60% Chinaese Renmibu 20% Japanese Yen 10% South Korean Won 10% US Dollar / Hong Kong Dollar. It's a built-in currency risk in every transaction. With 60% of the value held in a non-convertible currency with a declining value. Absurd. . Not surprisingly debt priced in China's Yuan has found a market only in Hong Kong, with most of which is likely a disguised purchase by China itself through Hong Kong banks, with the balance chumps like TJ.

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