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Why shouldn't China convert its Foreign Reserves to commodities like grain? Grain is worth more than fiat paper that's due to lose its value overnight, sooner
by simonblack 5y ago
Why shouldn't China convert its Foreign Reserves to commodities like grain?
Grain is worth more than fiat paper that's due to lose its value overnight, sooner or later.
(The US will NEVER repay its more than 30 trillion dollars of debt. It WILL default, probably sooner rather than later. On that day, the USD will be worth less than the paper it's printed on - just like happened to the Zimbabwe Dollar.)