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China's Assets In The US Could Be Annulled

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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
 

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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

In the event of war, maybe.
 

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A New York City expert on property investment once said back in the hayday of Japanese money (1980's), that "They can't take it [assets] with them."
 

BitterPill

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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

Shhhhh!
 

Gimmesometruth

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