Imagine the price of garbage bin or a tee cup will cost if something happen with China economy. Then imagine how much any paper assets will fall when everybody will began to sell them to get money to buy stuff they need. And so on.
When your country is not self-sufficient then real things skyrockets and all virtual things plummet if something happens with the source of real things.
Meanwhile China have T-bills too. Guess what they will do if they will need money to fix their economy.
If you are right, then, I hope you already get rid of any savings nominated in dollars and converted them in something really valuable.
That's the same paper shit, no any difference.
Imagine the price of garbage bin or a tee cup will cost if something happen with China economy. Then imagine how much any paper assets will fall when everybody will began to sell them to get money to buy stuff they need. And so on.
When your country is not self-sufficient then real things skyrockets and all virtual things plummet if something happens with the source of real things.
Meanwhile China have T-bills too. Guess what they will do if they will need money to fix their economy.