Central Banks Aggressively Acquire Gold as Hedge Against Volatile Market Conditions on Nostr: China's Unprecedented Dump of $53 Billion in US Treasuries Rattles US Economy ...

China's Unprecedented Dump of $53 Billion in US Treasuries Rattles US Economy
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#9f051475 ver:0.32

China's unprecedented dump of $53 billion in US Treasuries rattles the US economy as part of its de-dollarization agenda. China aims to reduce reliance on the US dollar, diversify assets, and potentially weaken the yuan. This aligns with the BRICS alliance's plan to challenge the dollar's supremacy. Despite this, Federal Reserve Governor Waller dismisses the demise of the dollar, citing few alternatives. Rising tensions between China and the US, including trade war fears, add to the economic impact. China's move signifies a significant escalation in the economic rivalry between the two countries, shaping global economic relations. #China #US #economy #debt #geopolitics...

#newstr #China #Us #Economy #UsTreasuries #Geopolitics

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