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: John Vosilla who wrote (1171)	10/7/2018 4:45:03 PM
From: Elroy Jetson	Read Replies (1) of 13803

The economy staring into the abyss of economic depression is China. China could easily implode the Hong Kong real estate market, at any time, by removing the Dollar-peg and replacing the Hong Kong Dollar with Reminbi. A lot of Chinese citizens have paid hefty costs to smuggle their wealth out to the Hong Kong US Dollar haven. No need to wait until 2026. China could create this implosion today with a single edict. Converting the Hong Kong Dollar to Yuan would make the safe haven into the place China's wealthy have already paid once to leave — They'd dump Hong Kong real estate in a panic to again get to a safe haven. At an average price of $1.28 million, you've been priced out of the starter-Studio-Condo market in Hong Kong. But a large discount will one day be yours, if you're willing to exchange your Dollars for Renminbi.

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