Despite this, several heavy hitting hedge fund managers bet on China to come roaring back to life after Jinping threw the economic switch back to “on” again. In fairness to these bullish investors, the U.S. economy did appear to rebound after its comparably brief COVID lockdowns. However, about a year later the federal government realized the depth of damage it had caused to the labor market and inflation started to rise.
Today the Fed still struggles with the fallout. It should not have been hard to predict that China, after nearly a year of self-inflicted damage by their single-minded supreme leader, would face even greater economic challenges than the U.S. Still though, veteran hedge fund investors like Chua Soon Hock failed to see what the future held in store for the Chinese economy.
“I am writing to you with a heavy heart and utmost regret,” Chua said in a letter to clients after his $330 million fund plunged 19 percent this past month. “My confidence as a trader is lost.” Experts believe more than $6 trillion of market value from Chinese and Hong Kong stocks have been wiped out since a 2021 peak.
Scamdemic COVID "policies" turn out to be huge economic wrecking ball
The U.S. and other countries across the world with similar economic problems, brought on by incorrigible COVID policies, are now having their issues exacerbated by the Red Sea war. For two months now there has been incessant missile, drone and hijacking attacks against civilian ships in the Red Sea, causing one of the biggest diversions of international trade in human history.
Thanks to your generous support, we are building the infrastructure of human freedom and actively donating our technology to independent publishers, authors and home schooling organizations. Learn about our game-changing non-commercial AI project here. Support our ongoing efforts to preserve and enhance human knowledge by shopping at HealthRangerStore.com.
The world’s biggest commodity traders, the Trafigura Group, seem to have some optimism about the situation. “So far I think we have been lucky in that we haven’t seen an oil tanker get hit.” said Saad Rahim, chief economist at Trafigura Group. “That could be really something that then focuses the mind.”
But what Rahim has failed to recognize is that companies not wanting their oil tankers to run through that area actually is a major hit, even if not directly by a physical strike. We have seen this before with war in and around oil rich countries. Once pressure is put on oil prices, oil prices put pressure on everything else.
Some experts believe the disruption of traffic via the Red Sea/Suez Canal route could continue for months, with nations across the globe experiencing its negative impacts. As higher freight costs and delays in deliveries fuel the flame of inflation, it will be even harder for central banks to ease interest rates and attempt to recover from COVID.
When will most American voters realize that Trump ended wars, and the communists in charge now WANT wars. It's all part of the great embezzlement scheme of trillions of dollars claimed to be spent on "wars" that go nowhere, yield nothing and lead to countless lives ruined and lost forever. The Biden Regime is in cahoots with the CCP, so any "destruction" is good for their pockets, while the middle class of America gets wiped off the face of the earth by war, pharma and new-age scamdemics.
Bookmark Censored.news to your favorite websites for truth news about abortions, suicide and mental health horror stories that are being censored from mass media while you read this.
Sources for this article include:
Please contact us for more information.
