What's going on in the Global Monetary System w/ Matthew Pines
Bitcoin Magazine Podcast
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What Have They Been Doing With Their Dollars?
Vecaa: China's relationship to the dollar system pivoted in 20 13, when their a holdings of the treasury securities piqued. They kept acquiring dollars because we run structural trade deficits with them," Vecaa says. "They keep their currency at a fix exchange rate to evasively structurally weaken it" A lot of it has been expertly laundered into western real estate equity markets over the years, he adds.
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