China ran out of fX:reserves because of tariffs. So all the repo madness is China selling their treasuries. Our banks are super well capitalized. Once China sells out of all their treasuries, they will collapse (after they eat through the rest of their Fx), along with Italy, Iran (corona coincidence? not) and other BRI partners. Once that happens the EU will break apart as Italy will default on its debt. US stock market will take off shortly thereafter, (after China is finished with its treasury sale). Trump knows what’s up, but he has to play along because people are panicking.
Yup... CCP/PLA psyop