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China making loans to other countries gives them ‘enormous’ global power: Dick Bove


China Has Now Loaned 140 Countries Money, The Odeon Strategist Said

By FOX Business Staff

Odeon Capital Group chief financial strategist Dick Bove argued China’s system of lending other countries money has resulted in power and resources on FOX Business’ “Mornings with Maria.”

DICK BOVE: It was clear that about seven, eight years ago, China and Russia made a deal to break the dollar. And it wasn’t a simple set of ideas — it was well thought out. For example, China and Russia right now are acquiring a lot of gold. They both [are] two biggest gold miners in the world.

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