In a Grand Live Broadcast on October 14th, Miles Guo said that after the midterm elections, the United States will begin to sanction the China Development Bank (CDB), which would trigger a major banking war between Communist China and the US., The CDB acts as the biggest money laundering agency for the Chinese Communist Party (CCP)’s kleptocrats, as well as plays the most important banking role in the “Belt and Road Initiative”, which is known as the infrastructure development strategy adopted by the Chinese government in 2013 to invest in nearly 150 countries and international organizations.
At the same time, CDB is also a policy bank that manipulates national debt and foreign currency. It is the major purchaser of U.S. treasury bonds, transferring large amounts of assets overseas for the purpose of laundering money for the CCP’s kleptocrats. Miles added, America has gathered evidence about the CCP’s manipulation of the U.S. treasury securities, and that it will impose unprecedented sanctions on CDB after the midterm elections, considering the CCP’s dumping of U.S. treasury bonds that would cause the U.S. stocks plunge.
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