So China just set the machines to max brrt:
The tweet above raises a good question. What comes next? What is China doing with such a massive increase to their money supply? Are they in the midst of fighting a TARP/QE style crisis? I hear all the time that their economy is a house of cards, but I'm not aware of any domino exposing such a dire, imminent risk to warrant that response.
I got to thinking (which is dangerous - I know), what if it's a response to the massive gold and silver metal flow to the USA over the last 2-3 months? What if China printed all that money to compete in buying as much of the shiny as they can? What if they don't care about the value of the RMB because gold and silver are all that is going to matter in the coming months...
The tweet above raises a good question. What comes next? What is China doing with such a massive increase to their money supply? Are they in the midst of fighting a TARP/QE style crisis? I hear all the time that their economy is a house of cards, but I'm not aware of any domino exposing such a dire, imminent risk to warrant that response.
I got to thinking (which is dangerous - I know), what if it's a response to the massive gold and silver metal flow to the USA over the last 2-3 months? What if China printed all that money to compete in buying as much of the shiny as they can? What if they don't care about the value of the RMB because gold and silver are all that is going to matter in the coming months...