There Will Be Blood
The ACID Capitalist Podcast
00:00
Hong Kong Dollar Liquidity
There is far fewer hong kong dollars in existence than there are us. Dollars and so, you know, they hold a huge amount of reserve assets relative to the amount of cash in circulation. And so well, you no ton de the balance sheet just to keep people with us. Is so the hap that the honcong munch authority has a war of us dollars. But, buti actually, that's not really how the monetary policy system works. The impact of removing hongkong dollar liquidity is wayway bigger than the impact on their reserves.
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