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Deindustrialization in Europe?

submitted by happytoes to EconomicCollapse 7 monthsNov 3, 2024 15:14:57 ago (+0/-0)     (www.youtube.com)

https://www.youtube.com/watch?v=Ev4soChNHtE

Half hour deep dive. Partly in response to Mario Drghi's report on EU competitiveness


2 comments block


[ - ] happytoes [op] 0 points 7 monthsNov 3, 2024 15:24:34 ago (+0/-0)

At 26'52" we are told about "...China pumping out more exports than ever before, while importing next to nothing."

But I'm not hearing about the Yuan soaring in value. What is balancing the books? Are the Chinese buying Euro and Dollar bonds while American and Eurozone governments get deeper and deeper into China's debt?

[ - ] xmasskull 0 points 7 monthsNov 3, 2024 15:55:10 ago (+0/-0)

China is now the "World Bank",most Govts. owe Chiner big money.