U.S., China to hold more financial shock exercises, Yellen says

reu ^ | 4/10/24 | Reuters

[RomanSoldier19]

The U.S. and China are deepening co-operation on financial stability issues, Treasury Secretary Janet Yellen said on Monday, with more simulations of financial shocks due after a recent exercise on tackling the failure of a large bank.

Wrapping up four days of meetings in China, Yellen issued a stern warning to Chinese banks that facilitating transactions providing material support or dual-use goods to Russia for its Ukraine war effort would lead to "significant consequences."

[A_Former_Democrat]

Oh My God

[ABStrauss]

Thanks for posting this sickening graph.

At this point in our abortion posing as history, we are so damned embarrassing and dishonorable as to be labeled grifters. We owe everybody!

America needs a Pinochet to take over the government for about ten years and decimate the central socialist government. The Congress should be dismissed the military cleansed and a draft instituted. All non-citizens escorted by force out of the country and our borders shut down.

Handouts to ‘green energy’ and other useless subsidies ended and monies diverted to helping companies to begin manufacturing of ALL imported items here.

Any properties owned by foreign interests should be seized.

ANything being done by the states should lnot be duplicated by the central government.

In its present condition the country is bankrupt and unmanageable as well as being ungovernable; it is a sow’s dinner. (Apologies to Nancy and Janet.)

[Scott from the Left Coast]

One fascist government working with another fascist government.

What’s the problem?

[CMailBag]

And she huffed and she puffed and pppfffttt.

[Candor7]

So Biden is going toshow China how to destroy the US economy with shock tests? If Fort Knox is not empty now, it sure as hell will be.Moo Goo Gai Gold who fly upside down have "clack up!" I mean you can't make this stuff up, Yellin , our resident socialist toad sec. treasury,is delivering our US monetary system to China right on a platter for destruction. China's currency will become the world's reserve currency and the USD will go down to 3rd world proportions, and our standard of living will be impoverished with NO chance of recovery.

I reckon the black folk caN say goodbye to any reparations, and the great socialist experiment and Green New DEAL WILL END. And our USA will decend into darkness, states will become armed camps.THis is the Biden plan, because the USA does not deserve to continue its so called "neo-colonial aspirations?" The final chapter of the Obama plan.

WHAT IDIOCY !

Yellin is proving to be a traitorous turd.

Notice the China hand on Yellins wrist, she is totally powned and subjugated.

[TigersEye]

So Biden is going toshow China how to destroy the US economy with shock tests?

Exactly. China will love this economic war gaming. What a great way to gather intel on how to crush the U.S. Takes all the guesswork out of how to do it.

Gramma Yellin is a moron.

[Candor7]

Yellin "softly" betraying us , all for the sake of appeasement/cooperation with the most vile of enemies. The Chinese will know all of the nexus points in order to attack and bring down the US monetary system.

Welcome to the China Great Co-prosperity Sphere ( another name for abject poverty).Next comes your social tracking quotient to show your level of good citizenship.Hand in ALL of your guns.

People should be yelling blue murder over this fiasco but the Yellen toad is allowed to smirk and do her destructive work.