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Frederick Miles
Bloomberg Television
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Comments by "Frederick Miles" (@frederickmiles8815) on "Take a Closer Look at the Tech Selloff" video.
This isnt rocket science - they dont have real collateral: just inflated blue chip, inflated crypto, and chinese paper. As margin calls trickle in they sell off or prop up chinese paper that has defaulted. Literally look at the RRP's drop in correlation to Evergrande's mystery payments. That is how corrupt and incompetent the oligarchy is.
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