Comments by "AQuietNight" (@AQuietNight) on "The Power of Gold: China and Russia War on the US Dollar" video.

@zeusmaryusep China is running internal debts and I think that is why they are selling their U.S. Treasuries. They have large bills at home to cover.
3
@zeusmaryusep If the dollar drops, the Chinese Yuan goes up and boy what that will do to their exports. On the other hand, U.S. exports will go up and that will mean more jobs, maybe even better paying jobs and the Chinese will lose theirs. There will even be more money to start paying down the debt. Could a country face a worse fate than that?
1
@zeusmaryusep Let's see.. if the Chinese want gold and the U.S. says no gold, what happens? China has closed factories and many unemployed. Other countries will be building up their industrial bases and China will have much more competition and few people to sell to. China will probably say ok to U.S. dollars. As China's trade surplus drops and more gold leaves the treasury the Chinese will say we are losing our reserves. As reserves drop China will have to devalue the Yuan. That means raw materials will cost more. Imports start costing the Chinese more while imported food and fuel will go up in price. All that is gold is not always golden :)
1
@kanlu5199 Competition is happening now, examples being India and Vietnam. Many factories can go up weeks. Africans want some of the action too. In 5 years the world economy will look quite a bit different.
1
@kanlu5199 If I have to do your research for you I charge $250/hour. Paypal accepted. I gave you two freebies.
1
Gold is wonderful until you start running trade deficits. Then China will slam shut the gold window. As for Russia, they are becoming a welfare client of China. China has been keeping the lights on in Moscow.
1
An invasion by any other name is still an invasion. I guess we should thank Russia for making the world safe from Ukrainian apartment buildings.
1