Latest data shows that China reduced its holdings of US Treasury bonds by 8.2 billion dollars in April, bringing its holdings down to 757 billion dollars, the lowest since 2009! As the US-China trade war escalates, Beijing is accelerating the diversification of its foreign reserves, with gold reserves increasing for seven consecutive months, clearly indicating a desire to 'decouple' from the US dollar.
⚠️ Is American credit collapsing?
Moody's has just downgraded the US sovereign rating from Aaa to Aa1, a collective 'star removal' by the three major rating agencies, a first in history! With 36 trillion in national debt weighing down, interest payments are about to consume the entire annual budget, even the Federal Reserve is panicking—cutting rates to save the market? Inflation rebound? Both sides are fraught with risks.