US ECONOMIC CHAOS! China Eyeing Total Gold Repatriation?Central Banks Repatriate Gold|AsianQuickTake

Welcome to Asian QuickTake! I’m Jacob, your host for insightful analysis on global affairs, international relations, and technology. Today, we’re tackling the recent downgrade of the US credit rating by Fitch Ratings. In early August, Fitch Ratings downgraded the US credit rating due to concerns about escalating fiscal woes and mounting debt. This move triggered a sell-off of US Treasuries and led to a plan by the US Treasury to increase quarterly bond issuance, anticipating around $1 trillion from August to October. The 10-year US Treasury yield surged past 4.0%, a level unseen since 2022. By 2030, the US national debt could breach $50 trillion. Fitch’s downgrade reflects Americans’ rising worry about fiscal management and risky conflicts. Confidence on Wall Street in addressing fiscal challenges is waning. Investor reluctance towards US bonds is evident. The US Treasury’s auction of 7-year, 5-year, and 3-year bonds faced weak demand. Increasing debt raises concerns about US repayment ability, contradicting Treasury Secretary Yellen’s claims. Fitch’s downgrade may impact US Treasury bonds’ role in the global market. The effects ripple across sectors. Analysts fear the downgrade could raise costs, especially with the Federal Reserve’s rate hike expectations, while US banks face instability. Wall Street braces for a debt crisis. A Federal Reserve rate hike could trigger an economic crisis, and the US Treasury market’s downgrade would spell financial turmoil. Investor Stan Druckenmiller highlights that actual US debt, including obligations like Social Security, could exceed $200 trillion. By 2040, interest payments could consume all tax revenues, impacting defense and welfare programs. The Federal Reserve’s aggressive rate hikes push it towards insolvency, possibly leading to more money printing. The US banking sector tightens credit, while a reliance on money printing threatens the economy and bond market. Gold demand rises, driven by central banks and investors repatriating reserves, signaling a global trend away from the dollar. Thank you for joining us. Don’t forget to like, subscribe, and enable notifications to stay informed with Asian QuickTake. See you in the next video. 💯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.