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rjs2248
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De-dollarization Not Now - Wolf Richter -

What if China slowly DUMPED US Treasuries that it has accumulated for foreign trade - putting the US into a tail-spin spiraling into the Crash Heard Around the World. This DUMPING of US Treasuries would seriously start the ball rolling for every other country around the world to DUMP their US Treasuries while they are worth a damn. Those countries would extricate themselves at just the right instant.

The effect would be catastrophic for the holders of US treasuries that had never played poker before. Maybe they were taught (and foolishly learned) the game to HOLD their cards to stay in the game. Well, maybe those countries could learn the game of "Ah Shitte" sort of like California with their New Sanctuary Cities. HA HA HA HA HA Ha Ha - The world laughs in their face. Or better yet, the world laughs at their DISGRACE.

The House of Cards Collapses.

Commented 2588 days ago

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Beginning of the headline :USD-denominated debt outside the US hits record – even junk bonds. China announced today that it would sell $2 billion in government bonds denominated in US dollars. The offering will be China’s largest dollar-bond sale ever. The last time China sold dollar-bonds was in 2004. Investors around the globe are eager to hand China their US dollars, in exchange for a somewhat higher yield. The 10-year US Treasury yield is currently 2.34%. The 10-year yield on similar Chinese sovereign debt is 3.67%. C... Read More

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