InterestedParty
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According to the World Gold Council, Mervyn King, former governor of the Bank of England, believes that in certain circumstances China’s assets in the US could be “annulled”.
“Of course the US would not want to renege on its debts, but if some awful conflagration occurred, then all China’s assets in the US might be annulled,” said the former BoE chief, adding that China and other countries should diversify their portfolios, making them less dependent “on the goodwill of other countries.”
Mervyn King's Alarmist Warning: "All China's Assets In The US Might Be Annulled" | Zero Hedge
pdf
https://www.gold.org/download/file/5003/Gold_Investor_Volume_1_June_2016.pdf
“Of course the US would not want to renege on its debts, but if some awful conflagration occurred, then all China’s assets in the US might be annulled,” said the former BoE chief, adding that China and other countries should diversify their portfolios, making them less dependent “on the goodwill of other countries.”
Mervyn King's Alarmist Warning: "All China's Assets In The US Might Be Annulled" | Zero Hedge
https://www.gold.org/download/file/5003/Gold_Investor_Volume_1_June_2016.pdf