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47 sats \ 0 replies \ @Solomonsatoshi 6 Sep \ on: China’s Currency Gamble: Hedge Funds Thrive as State Banks Risk Billions econ
The Chinese government directs banks, capital flows and allocations.
The Wests governments are directed by banks and capital.
The CCP knows that if it does not deliver improvement in citizens lives it will be held accountable under the brutal principles of the Mandate of Heaven.
Western governments serve their corporate sponsors, not citizens, and there are no substantial negative consequences for their serial betrayals.