MikeCristo8
@MikeCristo8
China got rid of their shadow banks by deflating the housing bubble, credit markets
China did NOT bail out private capital,
As it should be China lets the “free market” work,
Markets when functioning properly are always deflationary. (Think animal…
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Jaime Carrasco
@IJCarrasco
Kudos, great analysis of the chess game that is China.
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By letting their credit market go they will also unravel the global #credit market, but because they have better debt to equity coverage and the over 35000 tons of physical #gold, they will rebound first and with the real money to pay for it and leading the world through the BRICS+.
By applying moral hazard they are forcing a global credit crisis, but they also own the most GOLD. Meanwhile by worrying solely on price, 40% of Western funds are now chasing 7 stocks, 70% sitting on 10% of all stocks, and only 0.02% owning the one sector that will best protect them from the global #credit event now unwinding.
China has the gold and now is ready to make the rules, we just didn’t know when. This is why I continue to advice that instead of price investors should consider a suitable allocation to protect from the inevitable debasement of #credit bubbles, and 0.02% is not suitable.
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