If Japan dumps U.S. debt, Trump could face a treasury market meltdown that sends yields surging sky-high
Japan is the next nation to fall from a debt crisis,( already in motion) then the EU. China is selling off US debt because they do not want the US to confiscate / steal their funds like they did to Russia ( as are many others).
Note: ALL nation’s currencies are rapidly declining, massive losses of purchasing power. Hopefully Trump will undo what senile Joe did to us. His Gold backed ( redeemable) 50 year Bonds may entice countries to re invest in the U.S.
Judy Shelton has spoken about the new Gold backed Treasuries, unveiling slated for July 2026.
To put it bluntly, China doesn't have nearly enough internal demand to fund its economy including the debt and it has subsidized overproduction to the extent that even its vast trade surpluses can't supply enough product demand keep the industries it has subsidized afloat.
As far as Russia goes, freezing foreign assets in a conflict is not new. It just seems shocking because many had thought we had entered the era of perpetual peace and global "free trade."