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Rebel Capitalist News

News: BREAKING: Did You See What's Happening With CHINA And The DOLLAR?

Rebel Capitalist News

George Gammon

Investing, Business

4.71.1K Ratings

🗓️ 11 September 2023

⏱️ 13 minutes

🧾️ Download transcript

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Transcript

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0:00.0

Hello fellow rebel capitals hope you're well so breaking news we've got to look at what is happening right now

0:08.0

between China and the United States dollar this is going to shock you to say the least. Most of you know that

0:16.8

the United States dollar has been appreciating against the Chinese Yuan, but I just

0:21.8

stumbled across a chart on Zero Hedge that paints a much bigger picture.

0:27.1

It gives you an idea of what's really going on behind the scenes and I think it's something that

0:31.9

should, we should be concerned with let's just say let's get right over to zero hedge and check this out

0:36.8

title this article is dollar strength poses risk to China and global liquidity if you haven't been following this, Josh, do me a

0:44.2

favor while we're talking pulpit chart of the DXY that CNBC chart and we

0:48.9

were looking at this as of about two hours ago. We were about one oh five on the d x y so again if you haven't been following this

0:57.2

the d x y kind of spiked up to one twelve about a year ago it came back down. It got under a hundred if my memory serves me right down

1:06.4

about 99 and then it shot right back up and now it's back to about 105, which is not a good sign.

1:13.6

This is just one more thing to add to the list

1:16.4

of global macro metrics that point to risk off recession,

1:22.3

because whether you like it or not, whether it's right or wrong, the dollar is a flight to safety and as the dollar goes up in value, this makes the dollar denominated debt much more burdensome which leads to defaults bankruptcies and the

1:36.6

global euro dollar market tightening up their dollar liquidity which creates that feedback loop.

1:43.6

Okay, but getting back to this article, this is from, it's on Zero Hedge,

1:47.6

but it's authored by a guy named Simon White,

1:51.2

and he is a Bloomberg macro strategist. A strong dollar adding to Yuan pressure is an ongoing

1:57.6

risk to liquidity and shine in the rest of the world. So the first thing I want to point

2:01.7

out is I talk about, you guys have heard me talk about this several times or the last few weeks and even on a whiteboard video that went live last night on the George Giamen channel where China could trigger a GFC, because it's basically the exact same setup is GFC

2:18.7

one but centered in China instead of the United States.

2:22.3

And whenever I say stuff like that,

...

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