I don't know if everyone's following what's going on, but China just pulled the rug out from under a lot of investment firms -- costing pension and hedge funds at least $400B.
That's a huge amount of money and will dramatically and negatively impact the public pension funds. For instance, Illinois pension fund already has a $100-$300B deficit.
Combined with this effort, not only has billions of U.S. dollars just went to China without anything in return, but now they're only purchasing within their own country.
https://www.wsj.com/articles/investors-rethink-china-bets-af...
That's a huge amount of money and will dramatically and negatively impact the public pension funds. For instance, Illinois pension fund already has a $100-$300B deficit.
https://www.illinoispolicy.org/moodys-report-illinois-pensio...
Combined with this effort, not only has billions of U.S. dollars just went to China without anything in return, but now they're only purchasing within their own country.
This economic war is accelerating.