An essay analyzing the vast disparity between the financial power of George Soros and that of the Chinese government during the 2016 market collapse. It explores how China demonstrated its ability to overwhelm private capital, recoup lost reserves, and retaliate against Soros’s currency remarks.

February 12, 2016

The friend mentioned earlier called me again almost immediately.

“I completely agree…”

“One could also think of it this way: they demonstrated the astronomical difference between the amount of money that George Soros—whom they denounced as spouting nonsense—can move, and the amount that they, the Chinese government, can move.”

“At the same time, the profits equivalent to the amount of foreign exchange reserves that had flowed out due to the U.S. dollar’s appreciation were more than covered this time by pushing the markets into a massive collapse…”