American Economics Thread
- Thread starter Bernard
- Start date
MMT!!! MMT!!! MMT!!!Sleepy Student: but muh printed dolurs
Fed warns of Housing Bubble forming:
Mortgage rates rising:
Remember they were excited about China's real estate collapsing because of Evergrande, but nothing happened? Well, now they are going to get a housing bubble.
Mortgage rates rising:
Remember they were excited about China's real estate collapsing because of Evergrande, but nothing happened? Well, now they are going to get a housing bubble.
I think the signs for the above has been there for quite a while, and I'm not surprised at all it is happening again (afterall their strategy/way to deal with what happened in 2008 was just LOL).
Whenever the US says some crap about China, it is projection.
AssassinsMace
Lieutenant General
I love how the US set themselves up because it was the US in their need to portray anything China is doing as bad associated digital currency with the government's ability to take away your money easily for any reason. All this is going to do is create more paranoia in the US on what the government can do to its citizens. And I bet they'll be using the same reasons why the US needs a digital currency that China used which won't help their case at all.
A look at what those senators says can already tell how clueless they are. Any US CBDC will be pegged to Dollar, it is not a digital token or some commodity that gets traded on the bourse market.
Its concerning they are accusing China of genocide.... if the projection patterns holds out in a couple years we will find out how deep down the rabbit hole this goes
In addition, I don't know what its supposed to accomplish, more control and monitoring of the currency? Don't they already have a system in place to track transactions and balances? Its going to be the same, where countries intentionally avoid these digital dollars because they don't wanna get tracked, then suffer sanctions and fines.
Digital currency for China is more useful, because this allows them to track possible money laundering, prevent capital flight, and it gives them more data on where the money/investment is flowing. With these benefits, they can now safely allow foreign ownership of RMB, and now it depends on the laws and regulation they will apply and the incentives they will use to encourage the use of it.