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5min chapter
Liquidity Has Fallen Off A Cliff | Joseph Wang & Michael Howell
Forward Guidance
The Federal Reserve Is Just a Pupyter, Doesn't Have Any Real Power?
i think what's really important in the world? A is liquidity and global ok? We're living in a global world and interconnected world. Economic power is about the ability to move capital around. And hence, a currency and credit are really important. So the dollar credit system is paramount within the world system. The chinese have got ambitions, is fve got very clear ambitions. In the book capital wars, we go through what their pathway is. But ultimately, what they're trying to do is to challenge the dollar system. Hence, china is selling up equivalent swapine around the world to try and lure people into the uan system. There was no currency volatility across asia
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