Part 6/9:
In a pivot to the international landscape, Mario touches on the growing economic activities in China, particularly concerning gold purchases and divestment from U.S. Treasuries. He notes that China recently experienced a surge in its net gold imports, suggesting an intentional strategy to accumulate gold as a means of financial stability amidst currency fluctuations.
Moreover, news reports concerning cybersecurity breaches involving hacks into the U.S. Treasury by alleged Chinese-backed entities raise concerns. This scenario, Mario posits, could serve as a precursor to greater geopolitical tension or economic manipulation, potentially leading to a future narrative where blame is attributed to external factors for domestic financial woes.