https://news.yahoo.com/nothing-left-live-evergrande-meeting-174442622.html
The situation on the ground contradicts the reassuring headlines in the US. Evergrande is about to topple and start a chain reaction around the world. Blackrock will be significantly affected.
Before I ever read a Q post, I had concluded it was Trump's protectionist trade policy toward China that triggered the bribed/controlled Democrats and MSM to spaz out and desperately try to impeach him. I now see there were other reasons, but the China policy is still a main one. Evergrande is proof.
Now those policies -- along with anemic supply chains and shutting down illegal income streams from human trafficking and other criminal enterprises -- have resulted in cashflow problems for China. Their aggressive hoarding of real estate and loans has left them asset heavy and cash poor. This is what happened to Lehman Brothers in 2008. If you can imagine cash as the oil in an engine, China's engine is dry and the pistons are locking up.
This, I theorize, was one of the purposes behind the ridiculous $3.5 trillion infrastructure bill. You have to think of infrastructure bills and "stimulus" bills these days as Democrat slush funds. The money is never accounted after it changes hands. As Trump called out before he left office, the covid stimulus sent billions overseas to China and Pakistan. It's likely the infrastructure bill was going to give China the cashflow to get their engine unlocked.
Then consider how an authoritarian regime relies on state corporatism for its economy. In this economic model, insolvency of your largest corporations can leave the state with cashflow problems as well. It'll be interesting to see how woke our corporations and sports will be at after that. Also, when a despotic state has little cash, they eventually will have trouble paying their military. When the military eventually does not get paid, they coup your despotic ass.
Only in relation to the Dollar. The trick in currency war is to allow your opponent to overextend itself.
Please, check what an SDR is, and what currencies are in there. Should the USD collapse against the other currencies in that basket, it would make only a splash, as it would be removed and replaced.
Then there is another dimension:
It is true China is holding around 1Trillion USD in bonds. In case of a collapse of the USD, that trillion is worthless.
However, all debts denominated in USD in China would be worthless as well. SO .... I dunno, it cancels each other out I guess.
That leaves the question of markets. In case of a collapse of the currency, chances are that such markets will not be available, unless more secure payment methods can be exacted. Under UCC there are ways to exact that. As a matter of fact: Germany, as a country, as in soil, was put a lien on in 1944, just prior to D-day.
In short, such "currency wars" are carefully scripted and nothing happens without the approval of the Post-office and the BIS. And China as the CCP is just as much a part of the Postal system as is the US.
Postal = banking = judicial = shipping = commerce. There is no denying that.