Blinken in China was a disaster. The US is pushing Russia and China ever closer together with its increasingly aggressive foreign policy stance. The whole BRICs-states complex is likely to gain massive momentum this year again. The US government bond buying pool is shrinking and shrinking. The US government bond buying pool is shrinking and shrinking, which could create further interest rate pressure in view of the disastrous fiscal policy.
42 sats \ 1 reply \ @wingalt 27 Apr
China is playing the long game, they are not taking chances selling US bonds but they let them expire and roll them out in gold instead. The Fed will have to print the difference like a banana republic
reply
42 sats \ 0 replies \ @Satosora 27 Apr
China can play the long game onky so lkng because their economy is collapsing. They will need everything they have to not go negative.
There are ghost cities, used to push up the gdp.
reply
0 sats \ 1 reply \ @bellabaxter 27 Apr
More and more foreign governments are calling the US's bluff. Morally, militarily and economically... and it's working.
reply
42 sats \ 0 replies \ @Satosora 27 Apr
But they are still buying as the usa prints them lol
reply