- cross-posted to:
- worldnews@lemmygrad.ml
- worldnews@lemmy.ml
- cross-posted to:
- worldnews@lemmygrad.ml
- worldnews@lemmy.ml
China sold a record $53.3 billion of US Treasury and agency bonds in the first quarter of 2024, likely due to escalating trade tensions and a desire to diversify its assets. This move is raising concerns as China is a major holder of US debt and its actions could impact the US economy. Additionally, China has been increasing its gold reserves, potentially as a way to mitigate sanctions risk.
https://archive.ph/6f6XN
Probably a gentle reminder to the US that if Xi really wants to press the communism button he can just call in all the debt at once and tank the world economy.
I feel like that would be the world war 3 button and not the communism button but alright.
GOOD POINT
Yeah but imagine how fun it will be watching Cletus with his AR-15 try to shoot down a bunch of drones.
Chinese drones go whrrrrr