Biden committed suicide by weaponing the USD….stealing a sovereign Nations money ( Russia) is NOT going over big with the world…
“ CHINA sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nation’s move to exit the US debt market thanks to war. Beijing dumped a total of US$53.3 billion of Treasuries and agency bonds combined in the first quarter, based on Bloomberg calculations of the latest data from the US Department of the Treasury. Belgium, often seen as a custodian of China’s holdings, disposed of US$22 billion of Treasuries during the period.”
https://www.armstrongeconomics.com/international-news/china/china-dumping-us-debt-at-record-levels/
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Fact is even Western nations are dumping US debt….something like $15 Trillion in debt is coming up to be rolled over just this year….there are fewer, fewer buyers….and then ther3 wer3 none.
For the simple minded- if our debt ( government securities) has no buyers-
We go into default.
“For the simple minded- if our debt ( government securities) has no buyers-We go into default.”
Isn’t the degradation of debt a reason interest rates go up?
So wouldn’t our government be trying to roll over its debt by offering higher interest rates?
But the US dollar is very high, and still rising.
Which is good for me, as my income is in dollars and my expenses in Euros.
There IS international demand for US debt.
China is in a bad economic situation. Any guesses why it sold? Think real hard.
Could it be that China needed an influx of cash to shore up?
Well... yes!