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Kyle Bass | The Present Danger: America, China, and the Second Cold War

Hidden Forces

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Hong Kong's Economy Is Getting Worse

Hong kong's economy is falling off a cliff. It looks like a war zone in beyrout back during the civil war, right? When you peg your currency to another currency, you're basically letting, i say, let jesus take the wheel. And so when you are ceating your control of your monetary policy to another power, you must have synchronisty in your economy. I e, if our economy is growing and theirs is contracting, and we're raising rates while they're contracting, that is the worst possible thing that can happen to an eco.

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