“China is reducing its holdings of US Treasury securities. Instead, the People's Bank of China is buying gold, and Beijing prioritizes imports of important commodities like oil and metals. Ben Norton discusses the geopolitical impact of de-dollarization in the world's largest economy.”

  • huf [he/him]
    ·
    2 months ago

    the only thing scarier than china holding US treasury bonds is china NOT holding US treasury bonds
    -- oscar wilde