{"id":14694,"date":"2016-12-19T19:10:19","date_gmt":"2016-12-20T00:10:19","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=14694"},"modified":"2016-12-19T19:10:19","modified_gmt":"2016-12-20T00:10:19","slug":"chinas-day-of-reckoning-the-market-oracle","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2016\/12\/19\/chinas-day-of-reckoning-the-market-oracle\/","title":{"rendered":"China&#8217;s Day of Reckoning | The Market Oracle"},"content":{"rendered":"<p><a href=\"http:\/\/www.marketoracle.co.uk\/Article57599.html\"><img data-recalc-dims=\"1\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/12\/china-18-2.png?w=525&#038;ssl=1\" alt=\"\" \/><\/a><\/p>\n<p>From Michael Pento:<\/p>\n<blockquote><p>Therein lies China&#8217;s dilemma: Allow the yuan to intractably fall, which will increase capital flight and destroy its asset-bubble economy. Or, raise interest rates to stabilize the currency and risk collapsing asset bubbles that will crumble under the weight of rising debt carrying costs.<\/p>\n<p>China embodies a Keynesian dystopia that results from central planning gone mad. It&#8217;s mirage of prosperity should soon be coming to an unpleasant end. The misguided belief any government can print unlimited amounts of money and issue a massive amount of new credit; while providing the conditions that are the antitheses necessary for viable growth, has one significant Achilles heel: eventually, it will destroy your currency. Currency is always the pressure valve that explodes in an economy that has reached the apogee of dysfunction. The Red nation isn&#8217;t the only offender on this front, but is certainly one of the worst. Therefore, China and the yuan may have finally run out of time.<\/p><\/blockquote>\n<p>Source: <a href=\"http:\/\/www.marketoracle.co.uk\/Article57599.html\">Chinese Yuan&#8217;s Day of Reckoning :: The Market Oracle ::<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From Michael Pento: Therein lies China&#8217;s dilemma: Allow the yuan to intractably fall, which will increase capital flight and destroy its asset-bubble economy. Or, raise interest rates to stabilize the currency and risk collapsing asset bubbles that will crumble under the weight of rising debt carrying costs. China embodies a Keynesian dystopia that results from &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2016\/12\/19\/chinas-day-of-reckoning-the-market-oracle\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;China&#8217;s Day of Reckoning | The Market Oracle&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41,45,13],"tags":[],"class_list":["post-14694","post","type-post","status-publish","format-standard","hentry","category-china-hk","category-debt-levels","category-inflation-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>China&#039;s Day of Reckoning | The Market Oracle - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China&#039;s Day of Reckoning | The Market Oracle - the patient investor\" \/>\n<meta property=\"og:description\" content=\"From Michael Pento: Therein lies China&#8217;s dilemma: Allow the yuan to intractably fall, which will increase capital flight and destroy its asset-bubble economy. Or, raise interest rates to stabilize the currency and risk collapsing asset bubbles that will crumble under the weight of rising debt carrying costs. China embodies a Keynesian dystopia that results from &hellip; Continue reading &quot;China&#8217;s Day of Reckoning | The Market Oracle&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2016\/12\/19\/chinas-day-of-reckoning-the-market-oracle\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2016-12-20T00:10:19+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/12\/china-18-2.png\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/12\\\/19\\\/chinas-day-of-reckoning-the-market-oracle\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/12\\\/19\\\/chinas-day-of-reckoning-the-market-oracle\\\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"China&#8217;s Day of Reckoning | The Market Oracle\",\"datePublished\":\"2016-12-20T00:10:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/12\\\/19\\\/chinas-day-of-reckoning-the-market-oracle\\\/\"},\"wordCount\":176,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/12\\\/19\\\/chinas-day-of-reckoning-the-market-oracle\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2016\\\/12\\\/china-18-2.png\",\"articleSection\":[\"China &amp; HK\",\"Debt Levels\",\"Inflation\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/12\\\/19\\\/chinas-day-of-reckoning-the-market-oracle\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/12\\\/19\\\/chinas-day-of-reckoning-the-market-oracle\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/12\\\/19\\\/chinas-day-of-reckoning-the-market-oracle\\\/\",\"name\":\"China's Day of Reckoning | The Market Oracle - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/12\\\/19\\\/chinas-day-of-reckoning-the-market-oracle\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/12\\\/19\\\/chinas-day-of-reckoning-the-market-oracle\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2016\\\/12\\\/china-18-2.png\",\"datePublished\":\"2016-12-20T00:10:19+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/12\\\/19\\\/chinas-day-of-reckoning-the-market-oracle\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/12\\\/19\\\/chinas-day-of-reckoning-the-market-oracle\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/12\\\/19\\\/chinas-day-of-reckoning-the-market-oracle\\\/#primaryimage\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2016\\\/12\\\/china-18-2.png?fit=620%2C294&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2016\\\/12\\\/china-18-2.png?fit=620%2C294&ssl=1\",\"width\":620,\"height\":294},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/12\\\/19\\\/chinas-day-of-reckoning-the-market-oracle\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"China&#8217;s Day of Reckoning | The Market Oracle\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. Strategic. Unfiltered. \",\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/thepatientinvestor.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\",\"name\":\"The Patient Investor Pty Ltd\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"The Patient Investor Pty Ltd\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/profile.php?id=61572934660810\",\"https:\\\/\\\/www.instagram.com\\\/colin_thepatientinvestor\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\",\"name\":\"ColinTwiggs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"caption\":\"ColinTwiggs\"},\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/author\\\/colin58s\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"China's Day of Reckoning | The Market Oracle - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"China's Day of Reckoning | The Market Oracle - the patient investor","og_description":"From Michael Pento: Therein lies China&#8217;s dilemma: Allow the yuan to intractably fall, which will increase capital flight and destroy its asset-bubble economy. Or, raise interest rates to stabilize the currency and risk collapsing asset bubbles that will crumble under the weight of rising debt carrying costs. China embodies a Keynesian dystopia that results from &hellip; Continue reading \"China&#8217;s Day of Reckoning | The Market Oracle\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/12\/19\/chinas-day-of-reckoning-the-market-oracle\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2016-12-20T00:10:19+00:00","og_image":[{"url":"http:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/12\/china-18-2.png","type":"","width":"","height":""}],"author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/12\/19\/chinas-day-of-reckoning-the-market-oracle\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/12\/19\/chinas-day-of-reckoning-the-market-oracle\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"China&#8217;s Day of Reckoning | The Market Oracle","datePublished":"2016-12-20T00:10:19+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/12\/19\/chinas-day-of-reckoning-the-market-oracle\/"},"wordCount":176,"commentCount":1,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/12\/19\/chinas-day-of-reckoning-the-market-oracle\/#primaryimage"},"thumbnailUrl":"https:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/12\/china-18-2.png","articleSection":["China &amp; HK","Debt Levels","Inflation"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2016\/12\/19\/chinas-day-of-reckoning-the-market-oracle\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/12\/19\/chinas-day-of-reckoning-the-market-oracle\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/12\/19\/chinas-day-of-reckoning-the-market-oracle\/","name":"China's Day of Reckoning | The Market Oracle - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/12\/19\/chinas-day-of-reckoning-the-market-oracle\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/12\/19\/chinas-day-of-reckoning-the-market-oracle\/#primaryimage"},"thumbnailUrl":"https:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/12\/china-18-2.png","datePublished":"2016-12-20T00:10:19+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/12\/19\/chinas-day-of-reckoning-the-market-oracle\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2016\/12\/19\/chinas-day-of-reckoning-the-market-oracle\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/12\/19\/chinas-day-of-reckoning-the-market-oracle\/#primaryimage","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/12\/china-18-2.png?fit=620%2C294&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/12\/china-18-2.png?fit=620%2C294&ssl=1","width":620,"height":294},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/12\/19\/chinas-day-of-reckoning-the-market-oracle\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"China&#8217;s Day of Reckoning | The Market Oracle"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. Strategic. Unfiltered. ","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5","name":"ColinTwiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","caption":"ColinTwiggs"},"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-3P0","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":32756,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/05\/14\/current-turmoil-and-its-impact-on-gold\/","url_meta":{"origin":14694,"position":0},"title":"Current turmoil and its impact on Gold","author":"Colin Twiggs","date":"May 14, 2022","format":false,"excerpt":"Michael Every from Rabobank is bearish on Gold in his recent video: \"I can't see the case for Gold while the Fed is hiking -- you don't get a correlation with the Fed hiking aggressively and Gold going up.....If you want to buy into the Gold argument you are buying\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Bank Credit & Fed Funds Rate","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-11-bankcredit-ffr.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-11-bankcredit-ffr.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-11-bankcredit-ffr.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-11-bankcredit-ffr.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":7352,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/28\/chinas-glass-ceiling-geoff-dyer-foreign-policy\/","url_meta":{"origin":14694,"position":1},"title":"China\u2019s Glass Ceiling | Geoff Dyer | Foreign Policy","author":"ColinTwiggs","date":"March 28, 2013","format":false,"excerpt":"Geoff Dyer points out why China's Remnibi cannot compete on the international stage with the dollar, even if China's economy grows larger than the US: For the renminbi to assume a central role, China would also have to make massive reforms to its own economy. The key to Chinese state\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10201,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/07\/01\/economonitor-china-not-piketty-explains-confused-signals-in-u-s-asset-prices\/","url_meta":{"origin":14694,"position":2},"title":"EconoMonitor \u00bb China, Not Piketty, Explains \u2018Confused Signals\u2019 in U.S. Asset Prices","author":"ColinTwiggs","date":"July 1, 2014","format":false,"excerpt":"From Benn Steil & Dinah Walker: As for bond prices, China\u2019s central bank holds the key.After more than three years of steady appreciation, the RMB has declined over 3% this year \u2013 erasing the past year\u2019s rise. Driven by the Chinese government\u2019s desire to re-juice failing economic growth, RMB depreciation\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11513,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/02\/01\/will-the-global-economy-follow-japan-michael-pettis-china-financial-markets\/","url_meta":{"origin":14694,"position":3},"title":"Will the global economy follow Japan?| Michael Pettis&#8217; CHINA FINANCIAL MARKETS","author":"ColinTwiggs","date":"February 1, 2015","format":false,"excerpt":"More from Michael Pettis on \u201cJapanification\u201d of the global economy. How abundant capital and investment in unproductive works may lead to long-term stagnation: \u201cPanics do not destroy capital,\u201d John Mill proposed in his 1868 paper to the Manchester Statistical Society. \u201cThey merely reveal the extent to which it has been\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1442,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/21\/chart-of-the-day-chinas-u-s-debt-holdings-credit-writedowns\/","url_meta":{"origin":14694,"position":4},"title":"China\u2019s U.S. Debt Holdings","author":"ColinTwiggs","date":"October 21, 2011","format":false,"excerpt":"According to China Daily, China owns $1.13 trillion of US debt. China has $3.20 trillion in foreign exchange reserves. via Chart of the day: China\u2019s U.S. Debt Holdings | Credit Writedowns. The key statistic here is the $36.5 billion decline in August which dwarfs previous monthly changes. No wonder the\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13035,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/03\/18\/chinas-looming-currency-crisis-wsj\/","url_meta":{"origin":14694,"position":5},"title":"China\u2019s Looming Currency Crisis","author":"ColinTwiggs","date":"March 18, 2016","format":false,"excerpt":"The Yuan strengthened against the Dollar, breaking support at 6.50 (USDCNY) as Chinese authorities attempt to squeeze short-sellers. But the primary trend is unchanged and warns of further weakness. From Anne Stevenson-Yang and Kevin Dougherty at WSJ: After initial declines in the Chinese market to start the year, the past\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"USDCNY","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-03-18-usdcny.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-03-18-usdcny.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-03-18-usdcny.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/14694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=14694"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/14694\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=14694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=14694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=14694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}