PBOC announces stimulus package, Chinese stocks jump

The People's Bank of China (PBOC) has unveiled a new stimulus package aimed at revitalizing the nation's economy. This package is the second largest stimulus effort following pnly that of the pandemic. Chinese stocks (000300.SS) are rallying in Monday's pre-market session in response to the announcement. Yahoo Finance markets & data editor Jared Blikre analyzes the market reactions to this news, explaining the significance of this stimulus and its potential impact on global markets.
#youtube #NEWS #china
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[@oscarwindham6016]

Everyone should keep the fact in mind that China, just like the U. S. and a couple of other sovereign nations, like Japan, now routinely electronically generates their currency (renminbi/yuan) in order to meet federal expenditures without any real negative consequences, and without the need to have even one cent of federal tax revenue $s being involved, so this "stimulus package" is no big deal which is to say that there is no "national debt" involved.

[@TiandGranny]

@@oscarwindham6016 tysm I’ve been trying to figure out how countries are fighting inflation. It’s all digital currency now. lol so corporate and government money laundering

[@oscarwindham6016]

@@TiandGranny No, inflation doesn't have anything directly to do with corporate money laundering, but instead inflation is usually caused by the greed/avarice of corporate America, here in the states, anyway, and the only tried-and-true system ever used to deal with inflation of a permanent basis was the Office of Price Administration (OPA) system of price controls. The OPA system of price controls was very effectively used back during WW2 when it came to being able to tamp down the greed/avarice of corporate America of that era. Despite the great success of the OPA system of price controls, it was done away with shortly after the war by that era's corrupt, incompetent Congress, just like we have today, over the objections of President Truman. As for our now routine practice of electronically generating we the peoples' $s in order to meet federal expenditures without any real negative consequences, and without the need to have even one cent of federal tax revenue $s being involved, you can watch video (9) on the TH-cam channel - Equity Spending - that is not my channel, but the videos are, and after watching video (9) you'll have a real good grasp of what is really going on.