BOND SELLING IS ONGOING! Yellen’s WARNING to China!12 Nations REPATRIATE GOLD from US｜AsianQuickTake

Welcome to Asian QuickTake, your go-to channel for an in-depth analysis of global affairs, international relations, and technology. In today’s video, we dive into the latest updates on the international capital flow and the concerning trend of decreasing US Treasury bonds holdings by major economies, particularly China and Japan. According to the latest International Capital Flow Report released by the US Department of the Treasury on July 19th, China’s holdings of US Treasury bonds have been steadily decreasing over the past decade, declining by 35% from the peak in 2013 to the current level of $846.7 billion, the lowest since 2009. This trend raises concerns about further reductions in China’s US bond holdings, which could potentially drop to $100 billion. US officials closely monitor major buyers of US bonds, but Treasury Secretary Yellen has candidly stated that if the US faces debt ceiling risks and cannot fully repay its creditors, including China, there is no guarantee of full repayment of US Treasury bonds. This statement adds to the worries about the impact of a potential US financial crisis on the global economy, with vigilance needed for the upcoming 2024 fiscal year budget. As the US debt ceiling crisis intensifies, not only China but also 22 global official institutions, including Japan, the UK, and Belgium, have continued to sell off US Treasury bonds, reducing their total holdings. This has led to significant selling pressure, causing the benchmark 10-year US Treasury bond yield to rise, indicating a potential bear market for bonds and concerns about US stocks and the dollar. China’s gold purchases have seen a surge since 2022, reaching a new high in nearly five years, and it has become the largest buyer of gold among global central banks. The trend of global central banks shifting from being the largest buyers of US bonds to the largest net sellers is becoming apparent. Many countries, including Germany, France, Hungary, Turkey, the Netherlands, Slovakia, Belgium, Venezuela, Austria, Switzerland, Australia, and Poland, have announced or executed plans to repatriate gold from the Federal Reserve or the Bank of England. China also plans to repatriate 600 tons of gold currently held in the US. The potential launch of a unified new gold-backed currency by BRICS countries in August could further weaken the US dollar and change the global trading standard. Thank you for watching this video. We value your thoughts and opinions, so please share them in the comments below. Don’t forget to like, subscribe, and enable the bell notification to stay up to date with Asian QuickTake. See 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.