31 Even Sovereign assets in central banks aren’t safe any more. Why would China buy any more US treasuries? (www.zerohedge.com) posted 216 days ago by NatalieBiden 216 days ago by NatalieBiden +32 / -1 REPO Act Passage Has Authorized Biden To Confiscate Russian Assets & Transfer To Ukraine ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero 26 comments share 26 comments share save hide report block hide replies
The US is now waiting for a Taiwan conflict to kick off so it can steal $1 trillion in US bonds from China.
So why would China continue to buy US treasuries? Literally burning their cash would be a better strategic move than allowing their enemy to benefit.
Allowing Winnie the Pooh to be our creditor doesn't benefit us either. I'm more concerned about the effect this will have on less hostile countries' willingness to buy our bonds.
He sends us everything from cars to mcdonalds toys.
We send him IOUs which we now plan to CANCEL.
That’s a massive benefit for us.
Offshoring our manufacturing to them is a benefit to the 1%, not to "us".
Offshoring our manufacturing to China is definitely going to hurt us all in the long run.
Especially if a war breaks out.
But them taking worthless pieces of paper for actual products and commodities was a good trade for us. Biden is now working to undermine that.