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U.S. Treasury Hands Over Access of the Doomsday Printing Machine to Bank of Red China

U.S. Treasury Hands Over Access of the Doomsday Printing Machine to Bank of Red China

May 22, 2012 D.Collins

The PBoC , or People’s Bank of China have become the main provider of global liquidity with its total assets topping 28 trillion yuan (about $4.5 trillion dollars). By comparison, the Federal Reserve’s balance sheet is a paltry $3.5 trillion dollars.

The PBoC has seen a 118 percent rise over the past five years in its balance sheet...

Read more: U.S. Treasury Hands Over Access of the Doomsday Printing Machine to Bank of Red China



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