I hold virtually no “dollars”. That’s dead money.
I hold companies, where people go to work each day to make me a real profit in whatever debased currency they have to deal. Companies automatically adjust their machine to generate me real profits, no matter what.
China’s global role is about to diminish bigly. Trump’s salvo at Panama isn’t about Panama, it’s about forcing China to start defending all its territorial incursions over the past decades. Let’s see if they can project their power when Trump starts kicking their asses out of our hemisphere.
They can’t and it will become very apparent to all these countries they are raping with their Belt and Road nonsense. Once they are exposed as a third rate power, other countries will start kicking them out.
Big deal. China has a history of missing big monetary changes, starting with the switch from silver to gold - it continued to hold massive quantities of silver, and eventually became very poor and had a revolution as a result. Now they are missing the switch to Bitcoin and are piling on to gold. What happens to them if Trump decides to sell 1,000 - 2,000 tons of gold to use the proceeds to buy BTC for our national stockpile? The price of gold will crater, and China’s economy will finally go down the toilet.
They’ll need triple what they have now ,LOL
I’ll stick with silver.
Why can’t we just create gold yet?
In this case it may be China is trading their falling currency for hard assets. Their total government debt is huge. Their stimulus efforts are now taking 6 units of debt to create 1 unit in growth to GDP. They are falling fast.