Originally posted by ozexplorer
It is said it is because the the USA dollar is very high at the moment and the Chinese government is stabilising its currency the Yuan...
What does this mean in layman's terms for everyone...?
Seems it just started in a very Big way by the Chinese Banks in the last couple of days......
Well mate,,,that is a very complex question that ATM, would not even begin to try and answer,,,
as there are way to many
Factors in flux...
m
MM
But consider this
[SIC] part from 2014
China Now Owns a Record $1.317T of U.S. Government Debt.
China stepped up its purchases of U.S. government debt late last year,
increasing its holdings of Treasurys to an all-time record of $1.317 trillion
in November, government data released this week revealed.
News_Link_2014
Now,,,
2018.....Updated November 01, 2018
[SIC] part: yep it sure is sick.
The U.S. debt to China is $1.17 trillion as of August 2018.
That's
19 percent of the
$6.3 trillion in Treasury bills, notes, and bonds held by foreign countries.
The rest of the $
21 trillion national debt is owned by either the American people or by the U.S. government itself.
China holds the greatest amount of U.S. debt by a foreign country.
Japan comes second at $1.03 trillion, followed by Brazil and Ireland at around $315 billion each.
The United Kingdom holds $273 billion. These are the top five countries owning U.S. debt.
....
So you see,,if the US sneezes,,, the rest of the world gets a Major Cranial Infarction...
Info_Link
...............
NBD thoughts
Now if China Shores Up the Yuan,,,
They have even more clout,,, cause if the start to sellll>>>>>>>>
We it dont need a rocket geek to fig out,,,
See wars are not shoosten bangs any more...
They are milisecond EFT's
PS if one nation can cause another nations Indexes to drop,
and have spare pocket change,,,
they then increase their overall power,,by buy in on the bye bye,,
,
Its a mad mad world,,,,
m