THE HIGHEST DEBTS SINCE 1970! China Continued Its Accelerated SELL-OFF U.S. Debt.｜AsianQuickTake

Welcome to Asian QuickTake, your go-to channel for in-depth analysis of global affairs, international relations, and technology. In this video, we delve into the recent statements made by U.S. Treasury Secretary Yellen and the implications for the U.S. economy. Yellen highlights concerns about the lowest employment growth rate in two and a half years, suggesting a possible slowdown and even a recession. Additionally, we explore a comprehensive report by Federal Reserve economists, which warns of a banking crisis triggered by continued interest rate hikes. Despite bailout efforts, the problem persists, especially in the institutional bond market. As global central banks are increasingly divesting from U.S. debt, we examine the consequences of this trend. The U.S. Treasury Department reports substantial sell-offs by U.S. economic allies, including countries like Saudi Arabia, Belgium, Germany, France, and Israel. Furthermore, China continues its accelerated sell-off of U.S. debt while increasing its gold reserves. These actions reflect diminishing trust in the dollar and a shift toward non-dollar assets. We also discuss the emergence of gold-backed digital currencies and their potential impact on the global financial system. Countries such as China, Russia, Brazil, and India are exploring the creation of new currencies supported by gold and may announce a formal scheme in August. This move aims to establish an alternative trade settlement currency independent of the U.S. dollar. The increasing popularity of gold among U.S. investors is highlighted, indicating a significant shift in sentiment. Moreover, Saudi Arabia is studying the potential of a digital currency backed by gold for cross-border settlements, while considering the use of the RMB for trading and purchasing gold. The combination of global digital currencies and gold’s intrinsic monetary properties may lead to a new global digital currency order alongside the dollar. This shift has strategic implications and signifies the ongoing de-dollarization process. As we explore these complex topics, we invite you to share your thoughts and insights in the comments section below. Don’t forget to like, subscribe, and enable the bell notification feature to stay informed about our latest videos. Thank you for joining us, and we look forward to seeing you in the next video. 💯TOP 3 Video Swiss Sells $36.4 billion U.S. Treasuries ▶ Africa Rejects US’ Blank Check ▶ China to Accelerate Dumping of Up to $800bn U.S. Debt ▶ ━━━━━━━━━━━━━━━━━━━━━ ✅ COPYRIGHT DISCLAIMER Asian Quicktake Doesn’t Fully Own Some of the Materials Compiled in Its Videos. It Belongs to People or Organizations Who Ought to Be Respected. If Used, It Falls Under the Following Provisions: Copyright Disclaimer Section 107 of the Copyright Act 1976. “Fair Use“ is Allowed for Purposes Such As Criticism, Comment, News Reporting, Teaching, Scholarships, and Research. ━━━━━━━━━━━━━━━━━━━━━ ✅ If You Are the Owner of the Materials Used in This Video, Let us Know in the Comments or Send a Email to me. We Will Follow Your Request Immediately. ━━━━━━━━━━━━━━━━━━━━━ ✅ FINANCIAL DISCLAIMER This Channel’s Content Should Not Be Interpreted or Construed As Financial Advice. We Are Not, and Do Not Claim to Be, an Attorney, Accountant, or Financial Advisor. This Channel’s Content is Not a Substitute for Financial Advice and is Solely for Entertainment Purposes.