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Why is China hiding $700 billion dollars?
China runs large trade surpluses with the United States. Typically these funds would be returned to the US as capital investments, either through buys of fixed assets, securities, or lending.
China, however, is liquidating stakes in companies in the United States, and is selling off its portfolio of Treasury bonds.
These two trends are resulting in enormous imbalances in Balance of Payments, which much be re-balanced via China's central banking activities. China is clearly recycling giant capital pools from the United States for investment purposes inside China, and among China's top trading partners.
And because the US dollars are never returned to the capital markets, it is also clear that China and the BRICS countries are setting up their own trading and economic bloc, funded largely with US debt instruments.
(Editor note: At about the 2:00 mark, I misspoke. The US ran a trade deficit of approximately $800 billion, not surplus. Apologies.)
Resources and links:
Bloomberg, US Trade Deficit Widens to $78.8 Billion, Largest in Two Years
https://www.bloomberg.com/news..../articles/2024-09-04
Why is China dumping US Treasuries for gold?
https://x.com/SputnikInt/statu....s/178313812393054619
Vanishing Act: The Shrinking Footprint of Chinese Companies in the US
https://rhg.com/research/vanis....hing-act-the-shrinki
China Should Explain ‘Enormous’ Data Gaps, US Ex-Official Says
https://www.bnnbloomberg.ca/in....vesting/2024/09/06/c
Bloomberg, China Plans to Sell Dollar Bonds in Saudi Arabia as Ties Deepen
https://www.bloomberg.com/news..../articles/2024-11-05
The Economist, Chinese firms are growing rapidly in the global south
https://www.economist.com/brie....fing/2024/08/01/chin
Closing scene, Yangzhou Gardens, Jiangsu
I respect the Chinese.....so much.
United States and the Western Powers to African Presidents and Politicians:
Africa should explain the discrepancies and gaps in its financial balance of payments data.
—“You have to report to us what you are doing with your money. We want to know exactly what you are doing with your money. As a matter of fact, we will print your money for you, we will invest your money for you, we will deposit your money in our financial banks and institutions for you. Don’t worry we will do everything for you. Trust us, nothing bad we will happen to your money. No economic depression, recession, or financial crisis or debt will happen in your country. We have the greatest and best financial and economic minds in the world who handles the global financial system and financial market in the world. Your money is in good hands with us.”
African Presidents and Politicians to the United States and the Western Powers:
—“Thank you. That sounds great. Where do I sign”.
United States and the Western Powers to African Presidents and Politicians:
—“And for being such a great traditional partner and ally, we will put a couple of millions of dollars in your Swiss bank accounts and fly your family and close friends for vacation in Dubai, Paris, London, New York, Los Angeles, etc., Whatever you and your family wants, we can get it for you. We got you.”
African Presidents and Politicians to the United States and the Western Powers:
—“Thank you. Thank you. Thank you. Me and my family have always wanted to visit those places, especially Paris, London and Dubai. Thank you. Thank you very much.”
United States and the Western Powers to African Presidents and Politicians:
—“No problem. We got you. That’s what traditional allies and partners are for, to help each other”.
United States and the Western Powers to Chinese Leaders and Politicians:
China should explain the widening discrepancies and ‘enormous’ gaps in its balance of financial payments data.
—“You have to report to us what you are doing with your money. We want to know exactly what you are doing with your money”.
Chinese Leaders and Politicians to the United States and the Western Powers:
—“FUCK YOU.
As a matter of fact, pack your stuff and get the HELL out of my country”.
Some economic and financial experts are speculating that some of the $700 billion dollars that China is “hiding” from the United States is going to Africa, for African leaders and presidents who are friendly and allies to China, to help pay off some their predatory IMF and WORLD BANK loans.