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The irony is China was (is) the strategic beneficiary of the Treasury Standard, that let them fix the most important exchange in the world (CNY/USD) for three decades, accumulating the dollar assets & industrial capacity now critical to their expansionary geopolitical objectives.
21.7. klo 02.05
China knows U.S. debt is a rigged game. It’s not yield. It’s tribute. You lend us your surplus. We print paper. We sanction when we feel like it. Beijing has had enough. (7/12)
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