China is having some money trouble

All the corrupt officials the world over already park their money in US dollars. Higher-ups in sketchy economies always know they are in a sketchy economy so they all have nest eggs in US dollars. Roughly 70% of US currency is held outside the US. They don’t need to “come over here” to do it. You can hold US dollars anywhere you like, while living like a robber baron in your cheap home country. It’s why the officials and oligarchs always come away clean and still wealthy when economies collapse.

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