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THREAD
:
Coronavirus is accelerating what had to happen anyway:
Devaluation of the US dollar, and the end of its role as world reserve currency.
2 days ago @realDonaldTrump was asked about a German news report about China getting a $160 bill for Covid’s impact:
1/
:
Coronavirus is accelerating what had to happen anyway:
Devaluation of the US dollar, and the end of its role as world reserve currency.
2 days ago @realDonaldTrump was asked about a German news report about China getting a $160 bill for Covid’s impact:
1/
Trump said:
"Well we can do something much easier than that. We have ways of doing things a lot easier than that … And we’re talking about a lot more money than Germany’s talking about.”
So what is this easy thing that the US can do to make China pay?
Does it exist?
2/
"Well we can do something much easier than that. We have ways of doing things a lot easier than that … And we’re talking about a lot more money than Germany’s talking about.”
So what is this easy thing that the US can do to make China pay?
Does it exist?
2/
PROBLEM:
Behind the virus there has been a bigger US/China conflict brewing for years.
From 2001 to 2010 China helped fund a large % US deficits by purchasing US treasury paper.
Then they stopped.
Ouch.
3/
Behind the virus there has been a bigger US/China conflict brewing for years.
From 2001 to 2010 China helped fund a large % US deficits by purchasing US treasury paper.
Then they stopped.
Ouch.
3/
