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Moody’s cuts China credit outlook to negative on rising debt
Credit: IndiaTimes- Published on December 5, 2023
Moody's cuts outlook for Chinese sovereign bonds to negative, highlighting global concerns about debt levels in the world's second-largest economy. China's usage of fiscal stimulus to support local governments and state-owned companies poses downside risks to the economy, according to Moody's. This comes as China ramps up...
Video credit: Rumble
Published on December 6, 2023 - 48:54
China’s Gold Hoard: Dominic Frisby Says China's Holdings 10x Beyond Official Admissions
Michelle Makori, Kitco News Lead Anchor, sits down with Dominic Frisby, Founder of The Flying Frisby, to uncover China's clandestine gold buying spree. Frisby reveals that China's gold reserves are tenfold more substantial than reported officially. Delving into the geopolitics of money, he suggests that China's acknowledgment of its true gold reserves would be akin to declaring war on the United States. Frisby also explores the prospects of a gold-backed currency and provides his predictions for the future prices of both gold and Bitcoin. Stay tuned for insightful revelations that could reshape the global economic landscape.
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