China’s is seeing unprecedented money supply growth:
China's M2 money supply is up to a record ~240% of GDP, the highest among any major economy in the world.
This metric has surged +100 percentage points since the 2008 Financial Crisis.
Over this period, China’s M2 money supply has surged +500% in Dollar terms.
By comparison, the country's gold reserves and total FX reserves have risen +100% and +60%, respectively.
To put this into perspective, Japan's M2-to-GDP ratio, the next highest, stands at ~185%, while the US sits at ~70%.
China's monetary expansion is unlike anything seen among major economies.
@UnpluggedOz Currently these overseas migrants are wiping the bum of older ‘Australians’ , same would continue after these guys become old Australians. If u don’t have problem now, u shouldn’t have it later too
The $BTC inflowing to the accumulation addresses yesterday was 29.3302k, an increase from the previous day.
Whales are currently accumulating a massive amount of $BTC amidst the downtrend. The strongest accumulation of this cycle is currently underway.
A significant number of retail investors who had been holding until now have also sold their $BTC to whales.
JUST IN:
Tom Lee (@fundstrat)'s #Bitmine is down $8.9B on 5,416,901 $ETH ($10.03B).
Michael Saylor (@saylor)'s #Strategy is down $7.6B on 843,706 $BTC ($56.26B).
@LotusRises Usually it’s the Indian companies that cleanup the left over mess, because white people just leave companies in the middle of things when they can’t handle things anymore.
While Australians grapple with inflation and declining living standards, India aims to stabilise its population at replacement level and improve living standards.
Consider this:
Australia and India have a similar working age population (65% and 68%).
Both Australia and India have a birth rate below replacement (1.42 and 1.93).
Australia has a lot of old people and India has a lot of young people.
Both Australians and Indians face strain on services and infrastructure, and unaffordable housing.
Australia’s seemingly accepted population replacement over population sustainability.
But what is India doing?
Signing agreements with western nations to export its excess population.
And in doing so:
1. Mitigating against inflation due to excess demand
2. Reducing strain on services and infrastructure
3. Generating income in western countries to send back to India
4. Using that income to improve the lives of Indians in India
How much?
India is the world’s largest recipient of remittances - raking in $135bn last financial year alone.
@ausstockchick This is what happens when the parents are financially illiterate and the governments in all the countries have incentives to keep people financially illiterate