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I don’t watch tv much but I overheard something about China preparing for war and what I thought was something about having their citizens pull out of investments in the US.
So what would happen if this was indeed encouraged? It wouldn’t be an act of war or aggression — perhaps just China wanting to keep wealth within their own country.
China can’t pull out of the USD as they do too much business with the US. If folks in China started liquidating USD or USD denominated assets, where would they put them? If they are selling a lot of goods to the US currency risk would be a major issue for a total or even large exit
The senior government officials are asked to dispose of their OVERSEAS investments lest the fate of Russian oligarth will fall on them as well.which includes not just the officials,but their families -children and spouse.
China can’t pull out of the USD as they do too much business with the US. If folks in China started liquidating USD or USD denominated assets, where would they put them? If they are selling a lot of goods to the US currency risk would be a major issue for a total or even large exit
Whatever we buy from them,they will ask us to pay them in CHinese currency.
They buy soybean and wheat and gas from us,then we will ask them to pay in US dollars.
since we buy more than we sell to the Chinese,buying Chinese dollar will make the Chinese dollars more expensive vis a vis US dollars and possibly Euros as well.
The senior government officials are asked to dispose of their OVERSEAS investments lest the fate of Russian oligarth will fall on them as well.which includes not just the officials,but their families -children and spouse.
That's just to keep them from jumping ship when the SHTF. They're pretty good at hiding their foreign assets, though. Since everyone is doing it, it's not something The Party can really enforce.
That's just to keep them from jumping ship when the SHTF. They're pretty good at hiding their foreign assets, though. Since everyone is doing it, it's not something The Party can really enforce.
The government is asking senior govt officials to dispose their overseas investment,not everyone.
some have real property in spouse and children name.
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