onebyone
SENIOR MEMBER
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- Jul 2, 2014
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The Chinese have more money than God.
Their central bank has more money in its foreign currency reserves than the entire economies of Brazil, Mexico and Russia produce annually.
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And in September, for the eighth month in a row, despite Beijing alone dishing out $26.6 billion per month in 2016, for a total of $320 billion, which is what Brazil has in its central bank reserves, the People's Bank of China (PBoC) has ... even more money than it did in August.
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China can buy Venezuela in cash if it wanted it, and still have trillions of gold coins and dollar bills and euros available to prop up its own currency.
![960x0.jpg](/proxy.php?image=https%3A%2F%2Fspecials-images.forbesimg.com%2Fimageserve%2F729866137%2F960x0.jpg%3Ffit%3Dscale&hash=3f6c3bca0b26ab7d9896e5cf1d30fae9)
Their central bank has more money in its foreign currency reserves than the entire economies of Brazil, Mexico and Russia produce annually.
--------------------------------------------------------
And in September, for the eighth month in a row, despite Beijing alone dishing out $26.6 billion per month in 2016, for a total of $320 billion, which is what Brazil has in its central bank reserves, the People's Bank of China (PBoC) has ... even more money than it did in August.
-----------------------------------------
China can buy Venezuela in cash if it wanted it, and still have trillions of gold coins and dollar bills and euros available to prop up its own currency.