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Comments by "" (@advancetotabletop5328) on "Massive Printing of 20 Trillion Yuan, RMB Devalued by 20%" video.
So much for Modern Monetary Theory. Which certain USA politicians embrace as well. And the USA has been printing too much money under Quantitative Easing. The slow increase of interest rates under Quantatitve Tightening is too slow and we certainly are heading into a recession. But that sure won’t mean China‘s recession will be any easier — especially with USA and EU being their largest trading partner.
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So how, exactly, does US having a problem fix China‘s problem? China still has the problem, regardless of the US.
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