END of DOLLAR DOMINANCE! China Dumps $450 Billion US Debt, Yellen Questions Dollar’s Status.

Welcome to AsianQuicktake, the world’s premier channel for timely analysis of global geopolitics. In this video, we explore the recent sell-off of U.S. Treasuries by multiple countries, signaling a counterweight to U.S. hegemony. Notable countries, including China, the United Kingdom, Belgium, Switzerland, and Saudi Arabia, have reduced their holdings of U.S. Treasuries, reflecting concerns about the U.S. debt crisis. Even the U.K., a key ally of the U.S., sold a significant amount of U.S. Treasuries in April, becoming the largest overseas seller. Israel has also continued to decrease its U.S. debt holdings, highlighting the deepening worries among allies. As the world’s largest debtor, the U.S. faces mounting concerns over its debt crisis. Although the U.S. Congress has extended the debt ceiling, the underlying issue remains unresolved. The U.S. federal budget deficit continues to grow, raising the risk of a debt crisis. Recent data reveals a staggering deficit of $240.3 billion in May alone, contributing to a total deficit projected to reach $ trillion by September 30, FY 2023. The Federal Reserve, acting as the largest short-seller of U.S. Treasuries, is actively reducing its holdings through interest rate hikes and balance sheet shrinkage. The Fed’s holdings have significantly declined, indicating a net sell-off of up to $607 billion in U.S. Treasuries since tapering began. This strategy imposes additional financial burdens on the debt-ridden U.S. federal government. Furthermore, the U.S. is grappling with a banking crisis triggered by collapsing banks, such as Silicon Valley Bank, Signature Bank, and First Republic Bank. This crisis is a consequence of aggressive interest rate hikes and tapering by the Fed, causing small and medium-sized banks to struggle with U.S. Treasury-related assets and depositor withdrawals. Despite the Fed’s efforts, the U.S. federal debt remains alarmingly high, reaching nearly $32 trillion, equivalent to 121 percent of U.S. GDP. In this high-interest-rate environment, the net interest cost of the U.S. federal debt surged by 41 percent last year, posing further challenges to the debt-ridden economy. The sell-off of U.S. Treasuries by multiple countries and the growing banking crisis expose the vulnerabilities of the U.S. economy and challenge its hegemonic position. The U.S. debt economy model heavily relies on major global monetary authorities’ purchases, highlighting the urgent need for a more just and sustainable global order. Join us at AsianQuicktake as we closely monitor the evolving dynamics of the U.S. debt crisis, the shifting global balance of power, and their implications for the world. Don’t forget to subscribe to our channel for in-depth analysis on global affairs. 🔷 Tags: U.S. Treasuries, debt crisis, U.S. debt, global sell-off, counterweight to U.S. hegemony, U.S. allies, Federal Reserve, interest rate hikes, banking crisis, global balance of power, global order, AsianQuicktake, geopolitics, global geopolitics, U.S. economy, U.S. Congress, debt ceiling, debt risk. 💯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.