China’s DONE With The Dollar – US Treasury Dump Just Got Worse
By Sean Foo
China’s treasury dump isn’t stopping as relations with the United States continue to break down. We have hit a 13-year low in China’s US bond holdings. However, this won’t stop as China has two clear avenues in using their dollar assets, which means they will keep selling off their debt. Here’s what you must know about this bond dump and how it will affect the global economy.
Here’s what others had to say:
@geumdon6932
Buying US treasury bonds is actually funding US military spending and thus US military intervention around the world.
@gabbyfoo2
Hello Sean, the USA is tragically in a downward spiral in every aspect….Good on you for expounding the whole Hegemony negative effect to the big Bully.
@bobkids009
Another professional session with Sean…….It is kind of international financial warfare that US is facing with deep concern by the Americans while China is playing its smart game along ways to safeguard and propel herself through the winding roads the world is facing. Good presentation with good data to complement this episode.
@mna7308
Bye petrodollar, no more unnecessary money printing and exporting inflation to developing countries.
@kkhalifah1019
China to US: “Don’t worry, we’re not de-coupling. We’re just de-risking.”
@panigALI1199s
Why were all 3 dignitaries visiting China Jewish? This is extremely bizarre. Why are dual citizens with dual allegiances in all 3 cases representing the US in such a critical historical time?!?! This is absolutely insane actually!
@tayyirawashahtrawasiay5837
Imagine making and sending products to US/EU and getting paid in US Treasury/Bonds etch knowing what happened to Russian USD reserves.
Might as well give it for free.
@thyson6136
That China didn’t sell its Treasury holdings much earlier and more aggressively is unfathomable.
@stevenliew2507
China should continue to sell those US Bonds and only pause at USD500B which will be sufficient to cover most importants from US for a couple of years.
@johngough2958
Wow! I’m Irish and never realized we held so much US treasury bonds! Nearly as much as Canada holds – but we’ve only 5 million in population.
@jackchiu7560
Despite a flurry of visits by U.S. officials to Beijing, there weren’t any concrete steps by the American side to lower the tensions between the two nations. The U.S., on its part, continues its high-handedness as if it holds all the trump cards while everyone knows that they came to ask for help. So, be it.
@horridohobbies
China’s BRI funds thousands of overseas projects in dozens of countries. Might some of these countries default? Yes, some but not all. On balance, the net gain will be positive.
As you said, BRI is a two-pronged strategy. One is ROI, at least positive if not tremendously profitable. The other is a huge diplomatic win — making friends. BRI is an absolutely brilliant strategy, and that’s why the USA is scared to death of it.
@maureen-paulbarnes-vonkulm480
I think one of the very best strategic moves for China is the continue to decouple from the US and to eliminate the stress and distrust with India. India is a close neighbour, the US is not. One needs to question US motivation now that trust is so low and US behaviour is so antagonistic.
@user-lb4yx1ms5f
Not only is China accelerating the selling of their existing US Treasury bonds holdings, they are no longer buying anymore, why should they when US is taking actions in the US-China relationship that is determinant to their interests.
@alvinelong
Thank you Sean for your insight. I’m glad that someone is speaking some sense in these chaotic time. We have too much false narratives coming from western MSM.
Thank you being the light in this age of darkness and chaos.
@tinaoffice9274
China is doing the right thing. The countries that need more than developing. do it with China. Africa, dont look back focus on what is China motivation for the developing world.
