The Table may be setPressure (Countdown) Toward Breakdown
by Jim Willie
As a last footnote, never overlook the continued urgent Chinese initiative to ‘spend’ their USTBonds quickly, for useful tangible purposes, before any damaging sequence of events occurs. Simon Black (aka the International Man) wrote,
“I have been spending a lot of time this week talking to my sources in China, one of whom is inside one of the country’s sovereign wealth funds (SWF). He also indicated that the SWF analysts were working around the clock trying to put deals together. For China it is a race against the clock for how fast they can convert their $2 trillion in USDollar holdings into strategic assets, namely oil and gold. At today’s deflated prices, putting together a really good billion dollar deal is a difficult thing to do. Putting together 2000 of them is impossible. Doing it before the dollar collapses? Not a Chinaman’s chance. And they know it.”
Full article
:
https://news.goldseek.com/GoldenJackass/1250182943.php
(emphasis supplied)