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
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.
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