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This is the #China #ponzi scheme, summed up for you. And how about this: might China's #moneysupply relative to #GDP be FAR HIGHER THAN THE $28trn / $13trn (the author references China's REPORTED GDP, at two-thirds the #US)? How do you think China spent that $28 trn?pic.twitter.com/n0055THGoi
I'll tell you. They used the $28trn to "manufacture GDP," building wind farms with no power grid, streets to nowhere, and empty replicas of Manhattan. This is why we call the #RMB (or the #CNY) #MonopolyMoney - it's not worth the paper its printed on. #yuan #devaluation
That's the other thing a few ghost Cities are broken but some are actually starting to get people in them.
Did this by ~$4T (RMB) of PBOC bank reserve adds and 6-7x RRR multiplier. How grow bank reserves? Increased FX assets for PBOC. With this process stalled/reversing, why nothing seems to get their engine going anymore. Very hard to grow credit at same pace without the M0 growth.pic.twitter.com/qGysdFkjN2
Can see they’re trying to plug the massive hole a little bit with RMB assets, but that comes with its own set of problems (fx)
One can read the M2 Money Supply Vs National GDP. The sum value of M2 Money supply has exceeded the total value of national GDP.
https://youtu.be/4cwXifDaCjE Interview with the Guo Weng GUI by Kyle Bass at the undisclosed location.
More than the missing $21 trillion dollars that Catherine Austin Fitts @TheSolariReport has documented so well. China's got big, big, big problems now too.
@TheSolariReport has documented so well --> link ?
hey! thx for that! Do you have a source for that article/research or author?
Yes, please provide the source? Also what’s the difference between what the Chinese are doing and the Fed printing money to buy Treasuries to create GDP?? Fed was no longer able to sterilise any longer so their money also just appeared right?
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