February 02, 2020 – USA Watchdog – Interview with Catherine Austin Fitts

Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts says she is less worried about the coronavirus and more worried about what happens to China’s economy. Fitts explains, “Whatever is going on, it is going to slow down the Chinese economy. If China slows down a lot, it is going to put them in a dollar bear trap. The thing that kept the global economy going after the bailouts were the Chinese, and the Chinese did that by levering. A lot of that debt is dollar based. So, now if their income shrinks, especially after the trade war with the U.S. administration, they are going to be in a dollar trap. That means it’s (dollar) going to be stronger than if this would not have happened.” In short, China will need dollars to pay debt, supporting the dollar. (More. . . . .)