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Author: Wealthy Elites Want Their Money Out of China

The nearly $10 billion in fake business deals Chinese regulators Thursday announced they have discovered is just the “tip of the iceberg” of the money flowing out of China, says one leading U.S. financial expert. Jim Rickards, author of the book Currency Wars: The Making of the Next Global Crisis, says: “Wealthy elites are getting their money out of China before the [financial] collapse comes.” Rickards said it's been happening for a long time, but Chinese authorities seem less...

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