Hey Greg I've heard a theory about why the markets are falling the past week.
Has to do with China dropping some of their holdings of T Bills and saying they are beginning to question the credit worthiness of America.
Japan is the top holder of T Bills, this gives them preferred status because they have given us so much of their money.
China is below Japan, BUT if they China can take Hong Kong and take all its T Bills then it will then be the top T Bill holder and will have have a good amount of leverage.
The thing is that it could manipulate how everyone treats the T Bill, they could start a bank run on T Bills, but by doing that they wouldn't just bankrupt America, they would bankrupt a lot of other countries too.
But they are strategically moving in to gain more leverage and power this way.
Thats a theory I've been hearing, and I've badly paraphrased it.
Thanks Greg, Good Morning LIONS, and its going to be a WILD WEEK!!!
Hey Greg I've heard a theory about why the markets are falling the past week.
Has to do with China dropping some of their holdings of T Bills and saying they are beginning to question the credit worthiness of America.
Japan is the top holder of T Bills, this gives them preferred status because they have given us so much of their money.
China is below Japan, BUT if they China can take Hong Kong and take all its T Bills then it will then be the top T Bill holder and will have have a good amount of leverage.
The thing is that it could manipulate how everyone treats the T Bill, they could start a bank run on T Bills, but by doing that they wouldn't just bankrupt America, they would bankrupt a lot of other countries too.
But they are strategically moving in to gain more leverage and power this way.
Thats a theory I've been hearing, and I've badly paraphrased it.