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: elmatador who wrote (13038)	10/13/2024 1:10:24 PM
From: Elroy Jetson	Read Replies (3) of 13780

China's debt bubble which has been funding their revanchist foreign policies is coming to its end. Fortunately virtually no one outside of China or Hong Kong own any of this debt paper that will soon attract no buyer outside their "system" at any price, not even if hugely discounted. China's local governments are indebted to the point of collapse and requiring bailouts with only the central government able to spend, owing to their ability to print Chinese currency. . How this matters to the rest of the world: China's demand for imported raw materials and finished goods will continue to decline as buying at market price would quickly deplete China's small reserves of foreign currency. The one exception to this will be oil, gas and other products imported from Russia. But only for as long as Russian products have few other global buyers due to their extravagantly ill-considered invasion of Europe.

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