China Does The UNTHINKABLE | Reveals Something That JUST TERRIFIED The West And Global Economy!

China Does The UNTHINKABLE | Reveals Something That JUST TERRIFIED The West And Global Economy #china #us #economy Guess what? China has a secret hiding place for foreign money, and it's worth a mind-blowing $3 trillion! It's like a hidden treasure that's kept away in special banks owned by the government. Surprisingly, these secret reserves have managed to stay hidden from the public. But how on earth does China manage to keep its financial moves hidden from the official records? But wait, there's more! The race for being the top currency in the world gets even more exciting as the BRICS countries aim to break free from the US dollar's control. Their bold idea to create a shared currency shows they want to change the old ways and be financially independent. As things change, we get to witness the interesting drama of de-dollarization happening right before us. It's a captivating story of strategic partnerships, economic changes, and the fight for financial freedom that grips the entire world. If You Like This Video: Like, Share, Comment And Subscribe. This Means A Lot To Us! Thanks For Watching Our Video; China Does The UNTHINKABLE | Reveals Something That JUST TERRIFIED The West And Global Economy According to the famous economist Brad Setser, China has a massive $6 trillion in reserves. But here's the surprise: a mind-boggling half of that enormous amount is not even listed in the official records of the People's Bank of China! Did you catch that? In a recent report, Setser reveals a shocking truth about what he calls “hidden reserves.“ He claims that a gigantic amount is hiding in places like state-owned banks, completely out of sight. This revelation pushes China's total reserves to an astonishing $6 trillion, a number that demands attention. Imagine this: while the People's Bank of China's official reserves have stayed the same, these secret reserves have been quietly growing. As China's export surplus increases, so do these hidden reserves, adding an extra layer of mystery to China's financial power. Suddenly, the global creditor status of this Chinese powerhouse looks even more interesting. Get ready for this one: China's massive foreign exchange reserves, which are the biggest in the world, took a dip of $28 billion last month. This makes them reach a total of $ trillion. And you know what? This is slightly less than what the experts expected and just a bit lower than the amount reported in April. It's like a thrilling dance of numbers and secrets that keeps us on our toes. Don't forget this important fact that often gets overlooked in the midst of China's domestic debt worries. Despite its own problems, China stands as a massive lender on the world stage. The impact of its huge foreign currency reserves ripples throughout the globe, my friends. This economic powerhouse holds an incredible amount of power that should never be underestimated. Now, let's explore the impact of these secret reserves. Imagine this: China's Belt and Road Initiative is causing a stir worldwide. It all started with a decision in 2009 to diversify their foreign currency holdings. The plan aims to connect countries through huge infrastructure projects. Those incredible reserves we talked about earlier played an important role in financing this massive infrastructure project. It shows just how powerful China's economy is and how it has the ability to shape the world. Setser reveals another shocking revelation: institutions under the central government may actually hold a mind-blowing $6 trillion in foreign assets. Compare that to the $3.1 trillion in official reserves reported by the State Administration of Foreign Exchange last year. It's a stunning difference that makes us raise our eyebrows and ask questions. Transparency becomes crucial in a world where every move China makes carries enormous weight. Investors and experts have long expressed concerns about the lack of openness in this Communist Party-led country. China's economic influence is so vast that every action it takes, whether visible or hidden, creates waves that eventually impact the global economy. How did they hide these reserves?But how did China keep these reserves a secret for so long? Sneaky state banks operated in the shadows, playing a part in concealing these hidden treasures. And you won't believe it: these reserves are rumored to be just as huge as China's official foreign exchange reserves. China also holds immense power as a global lender, all thanks to these undisclosed riches. These reserves also fuel massive projects like the Belt and Road Initiative, showing off China's financial strength to the world. Brace yourselves as we uncover their secretive tactics of the State Administration of Foreign Exchange (SAFE).. More Details In The Video