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Parent Post: China Said The Quiet Part Out Loud.
rick
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4/30/2026, 5:04:27 PM
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[Wall Street Is Quietly Funding Itself in Renminbi — and Goldman Is Leading the Way](https://europeanbusinessmagazine.com/goldman-sachs-renminbi-dim-sum-bonds-record-2026/) Weird eh? This is kind of a cliff note not an excerpt of the article.  This isn't about China shrewdly controlling and maneuvering itself into position to control the global currency. It doesn't want to and that proves out by it's actions in the framework being laid out for a new system with the backbone of the system being a neutral asset. As a big picture side note and mental exorcize think of a long drawn out war with China. It could be kinetic or not and the economic part is in it's infancy but has started. China's borrowing costs are less than half the U.S. - cost of capital - and it's energy costs are less and trending down. I think both are faced with a problem of time though. We've heard of their real estate crisis but not a lot about their demographic crisis. Super no bueno so sell China sell as in export. I think the urgency of the U.S. is pretty much understood.
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