PONZI SCHEME COLLAPSES? China Dumps $ US Debt, 12 Nations Ship Gold from the US|AsianQuickTake

In this episode, we explore the critical issue of America’s soaring debt and its profound implications for the global financial landscape. Tags: Debt Crisis, U.S. Economy, Gold Standard, Inflation, U.S. Dollar, Global Reserve Currency, Central Banks, De-dollarization, Petrodollar, Digital Currency, Gold-backed Currency. Since President Nixon’s decision to end the gold standard in 1971, the United States has seen its debt skyrocket from $1.7 trillion to a staggering $158 trillion today. During this period, U.S. stock markets have surged by a remarkable 54-fold. Discover the connection between these two phenomena. The real value of the U.S. dollar in relation to gold has plummeted by a staggering 98% since leaving the gold standard. Is a revaluation of gold on the horizon? Explore the impending threat of a severe debt crisis in the United States, potentially leading to a financial collapse and currency reset. Learn why servicing these massive debt obligations might be an insurmountable challenge. The Federal Reserve’s quantitative easing and aggressive interest rate hikes have contributed to higher deficits and have eroded the U.S. dollar’s global reserve currency status. Discover how the U.S. dollar’s dominance is linked to the Petrodollar agreement, which has kept it central in global oil transactions. However, with recent crises and disputes, the U.S. dollar’s role is changing. Learn about the global trend of de-dollarization as countries adopt strategies to reduce reliance on the U.S. dollar in trade, foreign exchange, and international reserves. Central banks worldwide are bolstering their gold reserves or repatriating gold held overseas, signaling a growing trust in gold as an anchor for the global financial system. Explore the possibility of oil-producing nations establishing a digital reserve currency backed by gold, potentially supported by central banks worldwide, as an alternative to the U.S. dollar. Discover recent developments in central bank digital currencies (CBDCs), including gold-anchored digital currencies, aimed at reducing dependence on the U.S. dollar. Learn about the strategic moves of Saudi Arabia and other nations in reducing their U.S. bond holdings, potentially pushing the Petrodollar system to the brink of collapse. Delve into the significance of China’s accelerated liquidation of U.S. bonds in exchange for gold, a trend that underscores the shifting dynamics of global finance. As countries repatriate gold and central banks reduce their U.S. bond holdings, the U.S. faces challenges in finding buyers for its bonds, raising questions about the future of its debt system. We value your insights and opinions, so please share your thoughts in the comments section below. Don’t forget to subscribe and enable notifications for more thought-provoking content like this. Join us for our next episode! 💯TOP 3 Video China Shocks Yellen With Massive Selling of U.S. Bonds and Buying of Gold ▶ China to Accelerate Dumping of Up to $800bn U.S. Debt ▶ Swiss Sells $36.4 billion U.S. Treasuries ▶ ━━━━━━━━━━━━━━━━━━━━━ ✅ 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.