>The Federal Reserve’s unparalleled stimulus risks plunging the world into financial crisis, according to the chairman of China’s banking watchdog, who also warned that bad debts at Chinese financial institutions could balloon significantly this year due to the impact of Covid-19.
>"In an international monetary system dominated by the U.S. dollar, the unprecedented, unlimited quantitative easing policy of the U.S. actually consumes the creditworthiness of the dollar and erodes the foundation of global financial stability, said China Banking Regulatory Commission Chairman Guo Shuqing.
based amerikkkans bringing the world to it's knees once again
Angel Powell
I'm sure the Americans were thankful for this warning and didn't start foaming from their mouths as soon as they saw the word China
Caleb Lee
>plunging the world into financial crisis Controlled crashes are normal, now. Get used to it guy, you don't own shit.
Adam Sanders
>China stopped reading there
Nolan Garcia
hope they're right, fuck the zoomer "free money" shit, maybe zoomtards will get an early glimpse at the perils of overspending
Landon Rodriguez
>China No thanks, Wu Mao shill. America is doing what it needs to, and keeps the world economic system intact.
Luis Jenkins
Based kikes
Landon Price
Let me guess. You're... 21?
Justin Barnes
China always lies. Who cares?
Matthew Stewart
stop handing subsidies to arms contractors and oil companies
Grayson Sanders
Yet dollar inflation is still low
This isn’t shit monetary policy will fix
Charles Rivera
>boomers create 40 trillion in debt destroying the foundation of america >BASED. FUCK ZOOMERS HOPE THEY GET A TASTE OF SOMETHING THEY HAD NOTHING TO DO WITH most zoomers can't even get debt cards yet retard. what kind of mouth breathing retard are you? goddamn
Jaxson Powell
it could not be easier to trigger zoomers lel
Mason Reed
do a tiktok dance zoomie
Ryder Williams
Theres actually way more potential to make money during a crash compared to "normal" stock market movement
Liam Price
That's why we should abandon the dollar as a international currency. It gives way too much power to a bunch of short-sighted selfish psycopaths
Christian Adams
>LOL! TRIGGERED SNOWFLAKE! incel balding 15 year old zoomer or incel balding 22-27 year old seething at zoomers
I think that the people that generally elected Trump are boomers, no?
Chase Reyes
What’s stopping the US just paying back it’s debt to China by printing more cash?
Hudson Perry
Nigga, literally what?
Nicholas Ramirez
nothing when the time comes that's exactly what will happen. people are now seeing how powerful the reserve currency status is.
it's crazy how much money they're printing. 1 trillion could rebuild the entirety of america but nowadays they're printing trillions and trillions giving it to corporations and wall street. it's really nuts.
Luke Scott
go back to twitter with your jogger-tier thinking
Jackson Reyes
>they're printing trillions and trillions giving it to corporations and wall street schizo, please just check your mailbox
Noah Hernandez
Printing money just increases its supply, it needs a commensurate increase in economic productivity to avoid devaluing the currency and causing monetary inflation. They already tried this by making money and using to buy off the debt of companies recently.
And China calling in the trillion dollar debt would have disastrous consequences for the dollar, American economy and the Chinese would start selling their treasury holdings and the yuan would appreciate. A stronger yuan means lower exports means economic slowdown
Hudson Sanders
Why do people say China can just claim their debt? You buy obligations which have fixed terms etc, you can just demand the full sum right away
Sebastian Roberts
they can sell the bonds at market value to claim. of course they drops the value if you flood the market. but you can claim the debt.
Dylan Thompson
they are though. the fed has injected vast amounts of liquidity into corporate bonds.
Gabriel Jenkins
cool, but he implied they're just giving money to the ebil billionaires
Michael Price
well who has to shore up the company if the government is going to do it for them?
