ProletarianDictator [none/use name]

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Joined 3 years ago
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Cake day: December 21st, 2022

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  • How is the foreign currency-denominated debt of the Global South countries going to be resolved? Meanwhile, China is hoarding trillions and trillions of dollar reserves which has become an obsession, rather than putting them into good use. If a solution to this key issue cannot be found, the finance capital led by the US will continue to reign supreme.

    Is China preparing to use their USD supply to bail out or restructure the loans of global south countries?

    The only way it makes sense to me is if China is readying an economic bomb to detonate an an opportune time to expedite the collapse of the United States. When US financial markets are vulnerable, dump all your USD supply to the global south to:

    1. Alleviate the debt of the global south, freeing them from their remaining obligations to the US & IMF, and allowing them to move away from the unequal exchange with the West in favor of trade denoninated in yuan or local currencies.
    2. Flood the markets with USD to reduce American purchasing power and neutralize the US’s ability to deficit spend their way out of a crash.