The story around China issuing USD-denominated sovereign bonds in Saudi Arabia is generating an enormous amount of buzz in China, and could potentially be immensely important.
— Arnaud Bertrand (@RnaudBertrand) November 21, 2024
I strongly suspect it's a message to the upcoming Trump administration.
Let me explain what seems to…
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Well worth reading the whole message.
China has found a way to use all that US T-bill pile against America.
Might want to research Weimar Germany and Britian’s Winter of our discontent (Google search well past page one hidden) for how that AFFECTED average citizens when their money radically drops in value.
Got trusted friends, trusted family and strong faith in God?
All far more valuable than “Cash in the Bank” FROZEN or worthless.
Spot. On. The vast population has no idea what’s really happening in real time geo-politically, geo-financially….geo-spiritually, dare I say? Weimar, here we come and that may be the least of our problems, but will trigger multiples of landslide effects. I’m a small cog in the financial world- more in global or large corporate finance- and I see little indicators growing steadily more obvious. Comfort, I am lacking…convert paper into practical HG<F is my m.o. but I’m just a nobody, under the blood so not gonna worry myself sick.
(hard goods/long term food)
Weimar tribulations were caused by the same force that we now face, in Germany, an economy in freefall dur to reparations, with use unfettered spending outpacing the government’s intake (128%) Different influence, same end product.
remember, that cash in the bank or S&L or other financial institution, ISN’T yours. Once deposited it’s theirs and you are just the unsecured creditor at the very bottom of the totem pole.
All the US corporations that moved significant portions of their manufacturing to China like Apple, Emerson, GM, GE, Hewlett Packard, Hubble Incorporated, etc… have greatly contributed to the demise of the US economy. Add to that the weaponization of the SWIFT System, confiscation of property, economic sanctions, endless wars and insane support for Israel’s genocide then it is no wonder the majority of countries rapidly distancing themselves from the United States. BTW, most of the BLS monthty economic reports are rubbish. Who is $ John Galt?
Ahhh, the never ending excitement in your lives brought to you by your friendly BANKSTERS and the POLITICIANS that they own…..
Bonds denominated in USD are a world of difference than U.S. Treasury bonds. You can exchange them for dollars…..right up until you can’t. These bonds will not be recognized as a Tier 1 asset by central banks. Checkmate delayed.
As repayment for US dollar debts, they still work.
If bonds cannot be redeemed, guess what…
The US Dollar will be deemed worthless.
“Full Faith and Confidence in the US Dollar”….Bye, fiat currency returns to it’s intrinsic value of zero.
Checkmate in 2…
China has been dumping the T’s as well, moving them from first debt holder of the US to second, now behind the faulting Japan.