IN DOLLAR DEBT TRAP! 98 Trillion Vietnamese dong WITHDRAWN From Vietnam.｜AsianQuicktake

On May 16, US Treasury Secretary Janet Yellen issued another warning, stating that unless Congress raises or suspends the federal debt limit, the US Treasury could run out of cash as early as June 1. This would bring the United States close to the brink of a debt default, triggering a financial and economic crisis. Meanwhile, a report released by the Federal Reserve reveals that US banks are facing safety and solvency risks, with over 50% of banks experiencing losses. The catalyst for these bank losses is the tightening of interest rates, which has led to a shortage of US dollars. Jamie Dimon, CEO of JPMorgan Chase, stated in a shareholder letter that the US banking crisis is far from over and that credit conditions will become even tighter, exacerbating the shortage of US dollars. Some low-risk-bearing “shadow banks“ in the US are facing the possibility of a financial crisis at any time. With the increasing expectation of a US debt default, the tightening of credit will pose challenges for businesses in accessing financing, thereby impacting economic growth and consumer spending, and affecting the revenues of the US Treasury and the Federal Reserve. The economic and financial risks triggered by a US debt default and banking crisis will be transferred to some countries with a single economic structure and relatively fragile foreign exchange reserves, including Lebanon, the Czech Republic, Poland, Pakistan, and Egypt, among others. These countries are facing the dilemma of a dollar shortage or rising dollar funding costs as their economies have already entered a fragile mode of currency depreciation and debt crisis. The Federal Reserve will shift the risks of high inflation and debt default to other economies and continue to exploit economies with obvious structural and financial debt issues, especially the Vietnamese economy and its questioned investment market. The recent collapse of the Vietnamese economy and export market indicates that the impact of the ongoing US harvesting cycle on the market is still continuing. 💯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.