Looks like #crypto #stablecoin #binance is not on good terms: https://dirtybubblemedia.substack.com/p/.. They have been #exchanging #customer #money between #wallets without telling anybody. This is likely because of a lack of #liquid , something they say they are not doing.
Ouch, #china 's #ccp have further cut their #reserves #requirements for #banks in order to get more #liquid #cash in their #economy https://www.zerohedge.com/markets/china-..
Interesting take, it appears that the #traditional #money #system relies on very little #realworld #assets https://www.zerohedge.com/markets/2-quad.. Even considering the other #assets , I think the #risk here is huge. No wonder they are trying to push us away from #cash ... Can't have too much backed #liquid in the system...
The #chinese #property #market giant #evergrande is burning the remainder of its #liquid #assets just to pay off the #interest on their #debt https://www.zerohedge.com/markets/evergr.. I suspect that #china 's #ccp have them a tap on the shoulder to buy more #time whilst they try to address this mess. There is no way out of it. *Watch this space.*