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To: SmokingJoe
You are delusional - China hasn't had to implement strict capital controls because they want to invest in their own country. Their is no BRIC reserve currency. They all have currencies, sure, so does Zimbabwe.

The wealthy in China have vastly more of their assets in China than in America.

This is simply not even close to true. The average rich person has 95% of their wealth in US assets.

Please invest in Chinese stocks if you think its such a sure thing. You'll be rich in a few years and I'll be destitute! LOL

194 posted on 09/15/2022 10:08:51 AM PDT by rb22982
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To: rb22982
Their is no BRIC reserve currency.

No?
Read and weep:

WHAT DOES BRICS’ NEW CURRENCY RESERVE MEAN FOR YOU?

https://www.themoneycloud.com/market-insights/current-events/2015/05/what-does-brics-new-currency-reserve-mean-for-you

197 posted on 09/15/2022 10:24:09 AM PDT by SmokingJoe ( )
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To: rb22982
China hasn't had to implement strict capital controls because they want to invest in their own country

Just like people of any other countries who invest in their country first. And China has a population of a massive 1.4 Billion, over twice that of the entire EU. And the second biggest economy on the planet. And their GDP is growing much faster than the US which is in a recession.

This is simply not even close to true. The average rich person has 95% of their wealth in US assets.

“The average rich person” of what countries?
Do you actually have any links to support your ridiculous, totally made up assertions?

Please invest in Chinese stocks if you think its such a sure thing

Better than investing in Facebook or Twitter, that's for sure.

199 posted on 09/15/2022 12:22:52 PM PDT by SmokingJoe ( )
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