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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (115588)	1/15/2016 10:26:28 PM
From: Elroy Jetson	1 Recommendation Recommended By kidl Read Replies (1) \| Respond to of 219928

You guessed incorrectly. A Wiemar-style currency reset will be required to pay down Chinese debt. Chinese debt is repayable in US Dollars and Euros, not Yuan because the debt market for Yuan debt so far is very small. China has been able to sell only one small bond series in Yuan, primarily to investors in Hong Kong who will accept this type of payment. Like China the Wiemar Republic also had to make payments in currency other than German Marks, primarily French Francs and British Pounds. This is why Chinese citizens are obsessed with gold. It's one of the few ways they can protect themselves against the coming Chinese Yuan reset and hyperinflation. Unwind central bank currency swaps and all US government debt and essentially all private debt is owed to Americans. It appears different because of currency swaps and mutual debt purchase by Britain and the EU. Underneath the swaps, all American debt is denominated in US Dollars, European debt in Pounds and Euros, so the central banks of Europe and the US can pay off all debt with additional currency.