Looks like it decreased slightly and if I understand correctly, China is trying to reduce reliance on USA in favor of other global assets including gold. Seems to explain gold prices lately. The article likens US debt to an unsustainable ponzi scheme where new debt is paying old debt.
DegTrader on
China is basically that friend who slowly Venmos you for a group dinner but starts buying Costco-sized bars of gold the moment the bill hits the table
buffotinve on
China knows that US debt could run into trouble and is also tired of financing US wastefulness; increasingly, national debts are rising to levels where everyone will have to clean up their own house (less demand and a lot of exponential supply of debt).
Diamond1africa on
Strengthens the Chinese yuan, which, for a Country reliant on exports, is pure stupidity. However, the CCP seems hell-bent on grasping Taiwan even if its citizens will suffer and die for it.
Smartimess on
The Dontard is destroying the US dollar as the world’s reserve currency. It’s the backbone of the US economy.
Do the idiots governing the USA see that?
ThatsAllFolksAgain on
What are the moves to protect ourselves finances if the dollar sinks and American economy crashes? Is buying gold or bitcoin worth it? What are people doing. I’d appreciate some insight into this.
Psychological_Ad1999 on
China is positioning itself to become the most dominant currency. Other entities like Black rock are also showing less appetite for US debt. The shift will be gradual until the bottom falls.
robustofilth on
When they declare they have significantly more gold than people realise and tie the yuan to a gold standard America is fucked. Totally ass invaded.
8 Comments
Looks like it decreased slightly and if I understand correctly, China is trying to reduce reliance on USA in favor of other global assets including gold. Seems to explain gold prices lately. The article likens US debt to an unsustainable ponzi scheme where new debt is paying old debt.
China is basically that friend who slowly Venmos you for a group dinner but starts buying Costco-sized bars of gold the moment the bill hits the table
China knows that US debt could run into trouble and is also tired of financing US wastefulness; increasingly, national debts are rising to levels where everyone will have to clean up their own house (less demand and a lot of exponential supply of debt).
Strengthens the Chinese yuan, which, for a Country reliant on exports, is pure stupidity. However, the CCP seems hell-bent on grasping Taiwan even if its citizens will suffer and die for it.
The Dontard is destroying the US dollar as the world’s reserve currency. It’s the backbone of the US economy.
Do the idiots governing the USA see that?
What are the moves to protect ourselves finances if the dollar sinks and American economy crashes? Is buying gold or bitcoin worth it? What are people doing. I’d appreciate some insight into this.
China is positioning itself to become the most dominant currency. Other entities like Black rock are also showing less appetite for US debt. The shift will be gradual until the bottom falls.
When they declare they have significantly more gold than people realise and tie the yuan to a gold standard America is fucked. Totally ass invaded.