Greg 🎩 on Warpcast

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Trump constantly threatens that if any country tries to challenge the petro-dollar, he will impose tariffs on its imports to the U.S. in order to deprive them of access to America's strong economy. I want to share some insights about the global economy with you and explore how the world is progressing. In today’s cast, I will discuss the seriousness of the threat to the petro-dollar. If you find it helpful, I would appreciate your support. Stay with me.👇👇

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1/ The most important country we are discussing is China. China is implementing one of its major financial incentives, but Chinese investors are fleeing the country in fear. Like in 2008, China is desperately buying and stockpiling gold, having added 225 tons to its reserves in just the past year. Foreign companies are also leaving China for the first time in 30 years. In the third quarter of 2024 alone, over 8 billion dollars left China, with a total of 13 billion dollars exiting the country this year, a level not seen since 1994. Despite the economic stimuli China has in place, it continues to experience negative inflation, with average prices in China falling for the sixth consecutive week, marking the longest recession since 1999. While China's market faces its deepest recession, the U.S. stock market remains indifferent, consistently hitting new highs. China is repeatedly lowering interest rates in an attempt to stimulate its economy.

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2/ Since May 21, 2022, the Chinese real estate index has dropped by over 82%, and Evergrande, a giant in Chinese real estate, has declared bankruptcy. If you've read all this and think China is cornered and struggling, you're mistaken—it's not that simple.

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3/ One of the recent bombshells in financial markets has been China's issuance of bonds on the Saudi Riyadh stock exchange, worth about 2 billion dollars. Although this amount may not seem significant, over 40 billion dollars were registered for these bonds. This is remarkable because when the U.S. issues bonds in international markets, there is at most 2 to 3 times the demand as the supply. The key point is that China issued these bonds at interest rates similar to U.S. government bonds, meaning China can borrow dollars at the same rate the U.S. borrows them! No other country in the world has the ability to do this.

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