Economist’s “ News and Views” 10-27-2024

G7 Banking Giant Joins China’s RMB Payments System, Bypassing USD In Global Trade

Sean Foo:  10-27-2024

In a big move, UK banking Giant, HSBC, has officially joined China's interbank cross-border payment system.

This is a signal that no matter the political pressure from the US, China's economy is just too important to ignore.

Meanwhile, China is preparing for a fierce economic battle in 2025 where the stimulus bazooka could be fired again.

Timestamps & Chapters:

 0:00 UK Giant Joins China Payments System

2:57 China's Economy Too Big To Ignore

6:17 Beijing's Russian Advantage

 8:33 Yellen Scolds China Again

9:25 Unthinkable Economic War In 2025

11:57 Big Stimulus Bazooka Coming

https://www.youtube.com/watch?v=Rjr7p8PAdAY

Why Social Security Is On Borrowed Time

Lynette Zang:  10-27-2024

Today we are talking about social security and the looming crisis that's about to hit as the entire program is on borrowed time.

https://www.youtube.com/watch?v=clEZUlxPFVI

IMF WARNS “New Financial Crisis”: Your Savings at Risk

Taylor Kenny:  10-27-2024

Discover the truth behind shadow banking and the unregulated lending sector threatening global financial stability. Learn how shadow banks, which operate outside traditional regulations, pose a significant risk to your savings and financial security.

Find out why financial experts are warning of a potential crisis and what you can do to protect yourself.

CHAPTERS:

00:00 Introduction to Shadow Banking

00:35 The Growing Threat of Shadow Banks

 01:09 The Size and Scope of Shadow Lending

02:22 Lack of Regulation and FDIC Limitations

 03:37 IMF Warnings on Shadow Banking Risks

04:12 Traditional Banks’ Risk from Shadow Banking

05:24 Increased Volatility as the New Norm

06:33 Potential Economic Fallout and Hyperinflation

 08:12 Protecting Wealth Outside the System

 08:50 How to Take Action for Financial Security

09:52 Conclusion

https://www.youtube.com/watch?v=SC9ZtwasAng

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