The KGB Oracle Forums General Public Discussion (SPECIAL ACCESS) KGB Political Debate Central Currency war enters open escalation phase

This Is A Global Currency War.

Global hyper inflation is here.

Of particular interest - couple years ago CN banks opened non-insured branches in the US that took deposits, paid decent interest. The only catch - account was in RMB.

Number people I know invested into this, rationalizing risks away by currency pegging. I hope they got out or they are about to take heavy losses.

During all-out currency wars winners will be countries with heavy debt exposure, that would be US, Japan and losers will be countries with healthy currency reserves, like China.

At the same time something like 70% of US debt is held internally, so kiss your pensions goodbye.

How do you weather this? Well, gold, but it is already in the bubble. Inflation-adjusted bonds, but way inflation calculated is cooked, so you will only be partially safe. Large cap stocks with minimal international exposure, like utilities, toll road operators and so on.

Realistically? Your savings are fucked, if you wanted to buy that fancy car or go on expensive vacation, well now is the time to do it.

Well, China has been soaking up land and hard assets even in the USA as well as hoarding gold and other precious metals. You are correct that the calculus regarding the winner/loser in regards to a fiat currency war is the debtor/debtee. In this case though, it is not like China has not seen this coming or failed to prepare.

Even though their T-bill holdings will surely decline in relative value, their overall purchasing power as the USD devalues is likely to increase making devaluation of the USD a Pyrrhic victory at best for the USA bankster elites.

They have also moved recently to set up a new gold-back currency for resolving international trade. Ofc the question is, who trusts the CCP to be proper custodians of the actual metal reserves. They undoubtedly hope their new currency will catch on in an age of fiat hyperinflation, thus giving them immense future political leverage over holders of their gold backed notes.

It will be interesting to see how it plays out.