I am 83 and totally disgusted with my country's attitude and behavior. I am changing my political affiliation to "Independent"--don't want major party-or my name associated with either major party. It's very embarrassing to admit to being American today. My country has gone beserk--thanks for listening.
Ordinary peace-loving hardworking Americans must force Washington Elites to abandon the American Empire and World Domination under the American rule-based international order. The US in general should live within its means and mind its own business in the rest of the world. The UN was/is designed to look after the world
The Arkansas law(s) to De-Chinese seemed pretty determined by the U.S. side. Most relationships are broken by one side. Very few mutually agreed dissolution. The mutual thing is usually began with an abusive partner. Then it became irreconcilable. That’s when it’s mutually agreed. Before, the Chinese didn’t want to just bring foreign reserves home (400- 500 billions usd annually). Now they can’t buy things in America with usd, to help the U.S. economy. Then the U.S. ordered their allies not to let Chinese investing in their countries as well. Can’t buy chips, stocks, land and businesses in U.S.. buying gold seemed to be the last choice. The Chinese were forced to de-dollars by the U.S. since 2017. The U.S. leaders shot themselves in the feet with sino hatred. Now, De-dollars was framed by the U.S. leaders as anti-American? Go figure that trips bitten. Thanks for sharing your insightful thoughts.
@@raygan777able yep, it might fit your ambition well. it’s a nice low cost of living state. There are Lots of fishing and hunting to go around in Arkansas. It’s a beautiful state. However, They weren’t a free black state. They have weird laws on the book, might not be very attractive for none native minorities.
I think calling someone an enemy is beyond imaginable. Of course, it was a calculated statement but most of people won't understand this could benefit only a small elite group of people while putting the majority of honest people in losing positions :(
USA treat china as an enemy Calling china as biggest threat And do mamy spy ops in china Also do incite revolt by funding separatist in china So, yeah, usa is china enemy As a matter of fact, usa is everyone enemy
But the Americans elected their prised president and also responsible for their leaders' actions and policies. Or now that American citizen's right have been curtailed?
It is just racism. We are the Yellow Peril. The government of China is not at all communist nor communal, but the US keeps up with the label. So we are also the Red Menace. Now all we need is to convert to Islam to be hated three times over.
I am not privy to what goes on in the minds of the Chinese leadership but it sure makes a lot of sense not to fund another country which considers you the enemy or invest where you're not welcomed.
Good point on 'death trap' and speaking of 'death trap', do watch that video of the implosion of the 'Titan Ocean Gate', which was also led by an equally idiot and stingy leader.
The "American Compete Act" is just one more example of American double speak, there is no competition when you prevent, by force, your adversary from competing. What this so called "compete" act signifies is the inability of the US companies to compete in a free market. True democracy is when legislation applies to ALL equally, not just a selective few.
This is bully , it is NOT a competition when only one side(U$A) can change rules. Just like your classmate(U$A) use his family power coercing the stationary shop(ASML,Japan,..) NOT to sell stationary to you.
It is encouraging for a Chinese like myself from Singapore to read your comments and notice that there are still westerners who are balanced in their view, about any thing China or for that matter foreign to the west. This is absolutely refreshing and speaks volumes for you and hope for enclaves of fair minded people to educate their neighbours. Tx u for hope for humanity.
The leadership is completely co-opted. I’ve come to the realization a while back that ‘democracy’ means that you get to choose between 2 candidates that work for the same special interests.
Thank you for summarized the current relationships between US and China. Systematically unloading the US bonds and treasury bill plus assets in the US by China is a good measure. For individual investors it’s even more important because there will be no recourse in case US get into war with China. The Chinese investments and properties could be confiscated and US citizens of Chinese decent could be round up in a concentration camps like the Japanese in the past, in Canada too.. History repeats itself. However, come back to the current situation, your video is 100% correct especially the analogy of two neighbours. You have maintaining the High quality of ordinary Americans, not afraid to say what you think and what you see. US is not the same before you went abroad, You know. and I hope your channel will not get banned from RU-vid. Have a nice day. Cheers.
What worst for US is not only China, but US ally are also dumping US Bonds & T-Bills by the Billions $$$ example are the Japanese, UK, France... Wonder whom going to buy up all this $779 Billions US Bonds selling this winter 2023.
US can do all the unthinkable, sure other nations would be afraid one day their assets could be frozen or being taken away by force. Jealousy destroys everything.
If youtube bans this channel, rumble can be another choice. I found out some videos with the title "America collapse" or "America ends" are not there anymore.
I love your videos since your one of the few non bias chinese geopolitic analysts. Too many CIA bots who preach about america being fully peaceful when they invade other countries for oil, and too many Pro CCP channels which fully ignore chinese problems. Keep up the good work
It's CPC, there never was such a thing as CCP. The term was first coined by American Imperialists to illegitimize the Chinese Govt by separating it from its people and addressing them as nothing but a mere Communist Party. It's part of anti-China propaganda.
Now it makes LOGIC for China to Promote the BRI . helping third World nations will be Beneficial in the LONG Run. At least it has LESS risk than Investing in US.
They have known for a long time but they couldn't just dump it without a backup plan. The backup plan is gold, BRI, BRICS and other alternatives to US imposed financial order.
The thing is, these American politicians are in power BECAUSE the majority of Americans voted for them. Therefore, the politicians speaks for the majority of American citizens.
"These days"? Hahaha! Tell you what -- since even befoe 1776. And, it is "congenital", you know -- one born with it and passing it down from generation to generation, like hemophaelia that got spread out by Queen Victoria all over Europe's royal house, even as far as Tsar Russia, which got brought down because of it. .
🤔💭 China economy isn't collapsing. 😅I'm aware of it in Germany & the trade collaboration between China & German is stronger than ever. As for America.. They should better focus on developing stringent laws related to death caused by guns & repair their broken highways & bridges .
@@TheRealMcCoyAndChipsAhoy The war mongering is for Oil & expectations of exploiting the cheap labour force. Otherwise uncle sam will put sanction.. Then might bomb too. But not with China. Uncle Sam can't or with the Russian's.
@@inderneilboseroychowdhury Americans tend to digest more bullsh1t from Gordon Zhang and Peter Zeihan rather than their own domestic affairs. Once you try to correct them, they will come personal attack. How can you convince people who believe everything in China is fake.
the reason is simple, previously the trade volume between China and USA was very high, therefore, China will buy treasury bond, now trade volume had dropped, so China is selling off.
The US government's idea of competition is the same as American skater Tonya Harding's idea of competing. Kneecapping your rival is the American way of competing.
The Chinese government and people hold 92,000 metric tons of gold. The US has less than 5k tons. When gold exceeds $2500, the chinese people will collectively be richer than the sum of all american ppl.
@@hclau218 Which number? The US gold? Yes, US probably actually has ZERO gold because there's no evidence that the US has any real physical gold whatsoever; just worthless paper chits, and US gold hasn't been audited for 80 years. Unlike chinese gold audited by reputable investigators from singapore. Well explained in journals and by some prestigious int'l PM dealers.
@@lucyng-pellicioli916 please check world bank reports. There's also world gold trade body that keeps tab on this. People just come up with nonsensical numbers instead of putting the source numbers. Might as will say "Superman has taken one million tons of gold from earth for safe keeping." So don't worry folks.. he will save the day.
Where America has gone wrong was in thinking that what it has done to Cuba will also work on China. The problem with that idea is that technically and industrially China was pretty much its equal in so many areas that sanctions were never going to work. Worse still, where sanctions have been applied China is redoubling its efforts and ability to achieve self sufficiency, and only in microchip manufacturing will there be a significant delay. So effectively America is weaponising its disadvantage by continuing to encourage China to make and do everything it needs, whereas in the past globalisation and supply chains fostered interdependence rather than dependence.
China has still have over $800 billion in Federal Govt bonds and about $500 billion in Federal agencies and State bonds. On top of that China also have about $2.5 trillion of USD Cash assets. So selling selling between $10 to $ 20 billion a month is hardly "dumping". I sincerely wish China would do the right thing and sell between. $50 to $100 billion a month.
@@wai-sunchia6190 Average daily volume (ADV) for the month was a reported record US$1.57 trillion, an increase of 30.8% YoY. For Q3 2023, total trading volume was US$90.4 trillion and ADV was US$1.42 trillion, an increase of 29.6% YoY. US government bond ADV was up 12.4% in Q3 2023 YoY to US$145.3 billion.11 Oct 2023
I expect it to be like the value of the British pound before and after Brexit. So when UK isolated itself from EU then the British Pound lost .3 and became same value as Euro. The US seems to be isolating itself when BRICS is looking much more attractive for generating wealth than the US which keeps going deeper and deeper in debt to prioritize defense spending. It almost feels like the US doesn't have any long term plans in comparison to China's Belt & Road Initiative.
It's not defence spending.. it's offensive spending..to provoke and create wars, pushing other countries into wars created by the US,on their soil... Like in Ukraine and trying to do the same in Taiwan. Guess who created the WWI and WWII? Coming in at the end as the knight in shining armour...as the saviour? Too many wars around the world.. and the common denominator? Do you see the hidden hand? 😮😮
Almost the whole world is working on the de-dollarization. The whole of South America, most Asian countries including US friends as Japan, a large number of European nations. And all current and future BRICS nations are working a the de-dollarization too. This has been going on for a few years already. Add this to the fall of the petro-Dollar and an American administration that just can't stop spending money that they don't have... and I don't have to explain you how this will end. What keeps on surprising me is that US inhabitants don't act on this, it will be them in the end who will live in poverty for the next generations to come. Sadly we never hear Americans speak about these issues, it is almost as if they do not even know about all of this. I know that people in my country would never accept such things from their political leaders, they would be kicked out straight away.
@@swissbiggyIt would be really sad for the common folks of US when that day comes. The rich politicians will take the money and their families migrate out of the US leaving the commoner behind with a huge debt.
Definitely should stop. Not only because we are big bullies but also because with so much debt, we will eventually default. It's just a mathematical certainty, so best to get out before that happens.
Slight correction bro. I believe the CBC is cashing in on bonds as they mature. It makes zero sense to dump / sell bonds before they mature because for every 1% increase in rate by fed it lowers the value of older bonds by 15%. Because if you were buying bonds, you rather buy the newer bonds at 5.5% return vs the older ones at 2%.
@@ThereIsAlwaysaWay2 Yup! The PBOC are reducing buying any US bonds and so are Chinese investors and that's the significant part. Usually you buy bonds using the USD you made exporting to the US because that where it is the safest and where you can park your money for international trade. It completes the recycling of the USD around the world and allow the US to suck up every surplus producing country's generated wealth, to fund its zombie economy. If China doesn't want to buy US bonds, and other countries are following suit, it is going to make it even harder for the Treasury to sell bonds and that mean higher interest rates. The interest rates will destroy the US economy in the future.
it's end of the month and time for another cup of coffee. enjoy. i can understand why china is selling, but i pay more attention to japan selling treasuries because japan is basically a vassal state of usa. there must be someting that japan doesn't like. love from canada.
Almost missed this comment because there was too many! Thanks for the coffee, Yvonne and I appreciate it. And yes, I agree with the concern around Japan not buying more Treasuries, but also Japan has been a little strange recently with letting the Yen fall and not raising interest rates. Not sure what their end goal is or if they have a strategy. If they have one, I'm not following it or seeing it right now.
Yes, but it was in a month. So, if they continue at that rate they could offload 800B in about 3-5 years. I don't think they would do that, but if they got it down to 200-300B in a few years it would mitigate some of the risk.
@@TripBitten If they sell before maturity, PBOC will take a big mark-to-market loss. I suspect they'll hold to maturity, let the pile running down, unless they plan a war and dump before the shooting starts. BTW PetroChina paid for a million barrel of oil with e-Yuan in the Shanghai Energy Exchange today.
Thanks for sharing the information on these global economics entanglement. We can understand that it is scary for USA to call rival countries their enemies yet the reasons for financing wars and hundreds of military bases seem to suggest that USA has unlimited wealth to support wars for as long as it takes. Seems like USA has figured out that their strength in technology and military products will be more profitable in a world full of military conflicts.
Not only in arms sales. For example, starting a conflict in Ukraine will greatly reduce its agriculture output and benefit US own agriculture exports. EU will sanction Russia and buy less oil and gas from Russia which again benefit US oil and gas exports. Similarly, accusing China on Xinjiang will provide an excuse to sanction Xinjiang cottons and thus benefitting US cotton exports, with the added benefit of demonizing China and hopefully destabilizing it at the same time.
Somebody needs to educate the new governor of Arkansas that she’s not entitled to engage in foreign policy. It’s an illegal and criminal act under US codes. This is why the incoming Secretary of State in 2016;- general Flynn -was arrested and convicted of the Logan act crime, although obviously, it was unfair, because he was incoming secretary of state, and it is traditionally OK for him to reach out to foreign ambassadors in the weeks Just before the elected? administration takes office. But regardless, it’s still a crime and it has serious repercussions. China could react to a single governor of a single state and do exactly what you’re telling us they did. They’re pulling out all their billions of dollars and selling stocks. And more importantly, this action to deprive China of a purchase in our country because of their nationality violates the US Constitution, which protects even corporations as persons or any of the entities even though there are foreign country owned entity. It seems to me that we’re heading towards a new McCarthyism where Something that was written in the 1940s by Mao Tse rung is in is used to interpret the current behavior of China. Do you know who’d are the most peace loving countries on this earth measured by the amount of wars it is engaged in in the last 70 years? Other than Switzerland, and a few other countries, China is right at the top of the list as the most peaceful on war like people. So who has created the most war since that time? . It’s the United States by far so, they should have more fear of us than we should have them. And we ship arms to a province of their country known as Taiwan. And whether we like it, or not, our country, and every administration, since Nixon has agreed that Taiwan is a province of China, and that we agreed there’s only one China and that is the People’s Republic of China. It’s amazing how much restraint China actually has had and not been using any force all these years. And this was long before the United States started shipping armaments in there. We’ve whipped up hysteria in Taiwan so they’ll buy our armaments. We have to go back to the Monroe Doctrind ., which is not only do we not want anyone in our hemisphere, but we don’t want to go to hemisphere abroad and operate. That’s not our agenda. Our agenda is to worry about this country. And this governor, although she thinks she’s caring about our country is actually harming our country by trying to do foreign policy that can under cut our administrations ability to borrow money from foreign countries. China has gone down from over $8 trillion of owning our debt to less than one trillion dollars approximately about $800 billion is all they have borrowed from us. And that is going down fast. That means we will not be able to have anybody by our debt in the future. And when you don’t have anyone buying your debt, the inflation factor is multiplied where you’re just purely printing money with no one, borrowing it to sustain itgiving you hard capital that they earned abroad. So we have people who are totally ignorant of financial issues, economic issues, threatening world, peace of a little state of Arkansas. And for the record, I’ve been a card carrying member of the Republican party since I was a child. But whoever these Republicans of today are, I can’t recognize them.
Openly calling China “Enemy”, this is expected response from China to a country showing hostile teeth and hissing ! Is this the right way of dealing between the two biggest economies in the world?
I am sure there is a penalty clause , if one party breaks the contract unilaterally .Funny how this cunning lady failed to mentioned the amount of penalty money they will have to pay the Chinese . Probably in the millions . Cheap bravados and arrogance.
China’s economy is directed by the CPC, which is a socialist government. They dominate politically and own and direct the commanding heights of the economy. Much consumer part of the economy is left to the private sector or, as in the case of foreign investors, in partnership with Chinese investors. In the west, the capitalist class directs politics. In China THEY HAD A SOCIALIST REVOLUTION which means their trajectory is fundamentally different and far superior to liberal capitalism because it can plan where and when to invest, and more importantly, in whose interest to invest for. It uses capitalism for some things and socialism for others. The CPC is a very sophisticated and brilliant organisation. They look at the west and see increasing financialisation, poverty, dysfunction, imperialism and perpetual war. China’s model is a centripetal force for peace and development. The US model is for Armageddon. No wonder so many countries want to go with the former - BRI, BRICS+, SCO etc.
Everything you said is right. China has been steadily dumping US treasuries for months now. YOY comparison showed that China is not only dumping, they are also not buying to replenish any mature bonds. China now still holds 800 over billion in US assets and treasuries. They are also not the only one dumping US treasuries. Japan is dumping too and they hold even more, and they have to do it because the yen is getting decimated by US rising interest rates. They need to buy back their own currency to stabilize it. What's also notable is that Saudi Arabia is also dumping and is now holding at its lowest for years. Even then, overall people are still buying US treasuries because of the high interest rates but it also signal that people are only willing to buy at these higher interests rates. It is getting more and more expensive for the US government to borrow money. This will translate into higher debt servicing for years to come. If the debt servicing becomes too high, it will create a lot of pressure for default and that is unthinkable for the US. But now, it is not so unthinkable anymore. It should be pointed out that while China dumping their US treasuries seem like a lot of money, I mean 21 billion is a huge sum, that is nothing compared to what the Treasury can do. janet yellen routinely issued hundreds of billions of bonds week in, week out. When you look at how much debt the Treasury issued, whatever China holds is peanuts. We are looking at trillions, now that biden insist on funding 2 wars and trying to prop up the zombie economy with government spending before the election next year. Government spending is now at 23% of the GDP of the US. 23%! China's dumping won't affect the overall bond market but the significant part is that they are not buying anymore, at least not much. Which means China is actively looking to invest their capital outside of the US. They don't want to lend money to the US because you cannot trust the Americans not to do something absolutely underhanded and stupid. China is diversifying for insurance against American aggression, and what China does, the world notices. China is leading de-dollarization and the more they divest from the US bond market, the more that de-dollarization is a signal to everyone. Every country will have to examine if they really want to put so many eggs in the American basket or is it better to divest even if interest rates are high. That will put pressure on the US borrowing and they might have to issue bonds on even high interests just to keep the capital flowing in. That interest rates will come back and haunt them for years to come. That could be what breaks the camel's back.
Hi there, an excellent summary video, although a few things to add to your points. You mentioned that after seeing what happened to other countries China is dumping T-bills, and to clarify for those uninformed, what he is talking about is Russia being locked out of the Swift system and all of the intense sanctioning. What the Imperial government essentially did was weaponize the dollar by destroying huge amounts of wealth - stored in Russian owned US dollars and T-bills - to try and weaken Russia during the Ukraine War. They did this at the start of the conflict, and because the USD is always used as the standard for international trade it did some serious damage. This type of extreme action has never been taken before and I don't think we should push this point aside. In all of the wars and coups that the Empire has supported - from Nazi Germany to the Nam war all the way through - this Trump card has never been played, at least certainly not to this extent. The result of this willingness to use a nuclear solution of the Empire weaponizing the dollar like this is that numerous countries - not only China - are dumping Imperial T-bills or in many cases letting them roll over and not buying more. China has been a principal buyer of Imperial debt since the trade with the Empire ramped up in the last few decades as seen in the provided chart. They didn't really know what to do with all the USD and so just bought a butt ton of T-bills. But now that they've seen whats happened to Russia they along with many others are not coming back to buy debt. This of course adds massively to the impending debt crisis and insane deficits the Empire runs each year. There is no voting constituency out there that will support major cutbacks on many budgets or defaults and rising taxes, and because of the revolving door of the military industrial complex and insider trading there's no way anyone who doesn't want their political career destroyed will even think to take a single dollar away from the military budget - nearing a trillion a year now. What will happen is they have this thing called a printing press and they'll use it as said, tanking the dollar. It is worth mentioning that in China, if you wish to buy Imperial dollars, you must do so from the Chinese government. This serves two purposes, which are to protect the people if and when the Empire pulls out the rug from under China and destroys their wealth just like they did to Russia (I think they mentioned a war with us in 2025) and to keep the value of the RMB stable. I apologize if this note is long or if what I've said is incorrect in any way. Please forgive a youngster like me who may not at 17 have the life experience to know what he is talking about. I hope that whatever pieces are correct might shed some further insight into this matter. Thank you if you did make it this far and have a good day.
Where there is an Arkansas, there is a California, the governor of which just paid a visit to China. California's gdp is 28x that of Arkansas. Despite a lot of noise the Arkansas Legislature has made, i don't think it'll affect a whole lot of things, maybe in some voters' minds.
I completely understand the restrictions on foreign-owned agricultural lands, which are a national security asset. But to decouple from the Chinese altogether is asinine. We are headed down the wrong road in that regard. 🙁
Treasury bill is.a topic for experts, best remain that way. Nowadays, everybody are seling (or rotating T bill), including Japan, UK and Israel, let alone FED itself
Let's make it simple. Let's say you're in high school and a guy wants to borrow ten bucks from you. Now you know this guy already owes six other guys ten bucks a piece, and not one of them has been able to collect. Would you loan the guy ten bucks? Hell no, you say. When you buy US bonds, that's the US government asking if it can borrow money from you and the bonds (also called treasury notes) are the promise to pay it back, with interest...the same government that is 35 trillion in debt and adding another trillion every 100 days. It should also be noted that China is buying gold with the money it gets by cashing in the bonds. Tell you something?
I have the mirror image issue as Chinese investors. I want to invest in Chinese companies. As my brokerages are in the US I have to use American Depository Receipts (ADRs) to make these investments. How long will it be before ADRs in Chinese companies will be frozen by the US government?
I don’t care about the effects on China. As a US citizen, I can sell my land who I want to sell to and there are laws against that they can’t be based on race and I can buy products from other countries if they perform better. We’ve based entire world economy on competition, and now we wanna just throw that aside for a few special interests are probably just just donors that will receive a financial benefit from passing laws like this. Again, people in the USA shouldn’t care about the effect on China. Think about what your government government (and in this case a state government which are always rife with corruption) now saying what US citizens can’t do in the market that’s the issue and it’s a big one.
A flurry of visits by Biden's top lieutenants between June and September 2023 -- first with Antony Blinken followed by Janet Yellen then John Kerry and finally Gina Raimondo -- all signaled Washington's intention to re-engage with Beijing in the face of the financial crisis confronting America. Problem was, Washington DC could not lower its ego and still talked tough to Beijing even when their body languages displayed otherwise. The level of tolerance Beijing had towards Washington DC was remarkable, given the fact that none of the pledges spoken by Joe Biden right in front of Xi Jinping at the 2022 G20 Bali Summit were honored by the American party. Offloading U.S. debts is actually a very mild action by the Chinese leadership while they are hoping for sight of a softening position by Washington DC. If Xi returns from the upcoming 2023 APEC Summit in San Francisco with no concrete results, the boat will be rocked when China starts to relinquish its holdings of $3.2 trillion in foreign exchange reserves accumulated over the past 40 years.
This is a big amount for normal people. But this is a small amount for USA. Most of American debts are owned by American financial institutions. Therefore, it is not a big deal at all.
No brainer for China to invest the the US - plenty of much safer & better options with the growing BRI network of countries willing to work WITH China.
you want to know how to make a friend you enemy? ask USA they are champions in it. Remember the history teachings? about concentration camps? The English concentration camps in S. Africa where they CONCENTRATED the Dutch Boers, remember the German concentration camps where the concentrated and killed Jewish people in WW2? remember the Goelag Archipel in Russia where political dissidents were concentrated? remember the American concentration camps where they concentrated Japanese descendant in WW2? And now maybe American concentration camps for Chinese descendants in the USA? And Americans talk about concentration camps in China, Xin Jiang for Uyghur (Muslim) people, which turns out to be a straight lie and fabrication of the CIA. Ask Mr. Mike Pompeo, he said it himself as former director of the CIA, CIA was trained to tell lies, so they sounded believable, and everyone would indeed believe them? Oh and Americans claim hard to be for freedom and democracy, but do not know nor understand the principles of those concepts.
