Will this burst the bubble?
According to multiple reports from publications in the financial world, China's economy is about to collapse. One company that is putting tremendous pressure on the Chinese economy is the debt laden Evergrande. Last night the Hang Sent index dropped 3 1/2 %. This in turn has caused great concern on Wall Street which is seen in the Dow Futures. The Dow Futures are currently down 541 points. True this is not a massive drop, but will this situation burst the bubble?
A digital currency should be adopted as the world's leading reserve currency
Quote:
Originally Posted by
Pastor Guest
I believe TPTB intend to crash the world's economy and destroy the currency of every nation. This will enable them to "build back better" with a Marxist economic system and a global cashless monetary system. In other words, they want total control of every individual.
Here's an April 2018 article from the World Economic Forum that is in alignment with this thought. Interesting choice for a URL (/from-dollar-to-e-sdr).
https://www.weforum.org/agenda/2018/...ollar-to-e-sdr
A digital currency should be adopted as the world's leading reserve currency
As the risk of a US-China trade war mounts, creating a geopolitically neutral and fair monetary system has become increasingly urgent. The shift from a unipolar to a multipolar world order has not been particularly orderly. Instead, it has produced a kind of monetary non-system that depends on a debt-driven, dollar-based model that is too pro-cyclical, fragile, and potentially biased to support the management of trade conflict.
At the root of the problem are the structural trade and current-account imbalances that arise from the so-called Triffin dilemma: in order to meet global demand for the US dollar as a reserve currency, the United States must run persistent current-account deficits with the rest of the world. Last year, that deficit reached $474 billion, or 2.4% of US GDP.
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