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AQuietNight
Sean Foo
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Comments by "AQuietNight" (@AQuietNight) on "Global Treasury Dump Is Getting Worse - China’s Selling Big!" video.
Russia is taking good care of China's export markets.
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The Chinese economy is slowing, they are already printing money. China also has two other problems: They are playing Santa Claus to the Third World while dealing with a world economy their friend without limits helps to implode. Russia fights a war but the Chinese economy will pay for it with loss in product sales worldwide. Going around the world promising this country a new railroad here, a expressway there all drains money out the economy. There is a make work effect but if these recipient countries can't make the payments, that has to come of of China's treasury. A huge investment that may not pay off for China for decades. Add the cost of a slow housing market and growing unemployment and I am sure the Chinese Treasury would sell off the U.S. Treasury notes to pump that money back into the economy. I doubt the Chinese are buying much gold. In a brief moment of honesty Li Keqiang once said we have no idea how big our debt is. That was probably the moment Xi Jinping put Li Keqiang on the up for retirement list. I could see the oil producers in the Mideast loading up on gold. They have the cash for it.
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