DEBT CLOCK TICKING! 118 Nations Join Dollar Exodus, China to Empty US Treasuries.

Welcome to AsianQuicktake, the world’s premier channel for timely analysis of global geopolitics. In this video, we delve into the pressing issue of the United States’ mounting debt and its implications for the global economy. As of June 22, the U.S. federal debt has soared to a record-breaking $32 trillion, with each American shouldering an average debt of approximately $96,000. This debt-driven economic model heavily relies on the U.S. dollar’s status as the reserve currency, which is sustained through the sale of significant amounts of U.S. Treasury debt. Renowned investor Jim Rogers has repeatedly warned about the far-reaching consequences of the U.S.’s historic and pervasive debt burden. The sustainability of this economic model hinges on key foreign holders of substantial U.S. Treasuries, as they play a crucial role in upholding the dollar’s status as the primary reserve currency. However, an increasing number of countries are embracing de-dollarization measures, with the dollar’s share of global reserves plummeting to a 20-year low of 58%, as reported by the International Monetary Fund. The global trend of de-dollarization is further evidenced by central banks diversifying their holdings, particularly through gold reserves. In 2022, global central bank gold purchases hit a remarkable high of 1,136 tons, marking the most substantial net purchase since 1950. Central banks continue to increase their gold holdings, with 24% of them planning to augment their reserves in the next 12 months, according to the World Gold Council’s 2023 Central Bank Gold Reserve Survey. This strategic shift indirectly bolsters the accelerated de-dollarization movement and reduction of U.S. bond holdings. Even traditionally allied nations like the United Kingdom and Israel have joined the wave of U.S. Treasury sell-offs, signaling concerns about the dollar’s diminishing status. The U.K. emerged as the largest overseas seller of U.S. Treasuries in April, divesting a total of $30.4 billion. Meanwhile, Israel consistently reduced its U.S. Treasury position, shedding nearly 36% of its holdings over the past year. Notably, Saudi Arabia, the initiator of the petrodollar deal, has also sold a significant amount of U.S. Treasuries, contributing to doubts surrounding the petrodollar’s long-standing dominance. Switzerland, known for its neutrality and robust financial sector, has witnessed various countries shifting their focus to gold reserves instead of U.S. Treasuries and the dollar. Switzerland, acting as an intermediary, has facilitated the transfer of gold reserves for numerous countries, playing a role in the gradual replacement of U.S. Treasury bonds and dollar reserves with gold-backed assets. China, a key player in global finance, has been steadily increasing its gold reserves while concurrently reducing its U.S. Treasury holdings. In the first quarter of 2023, China’s gold imports reached their strongest level since 2015, with a staggering 546 tons imported in the first four months of the year alone. Join us at AsianQuicktake as we closely follow the repercussions of the U.S. debt crisis, the shifting reserve currency landscape, and the evolving relationships among major global players. Don’t forget to subscribe to our channel for comprehensive analyses on world affairs. 🔷 Tags: U.S. debt, global economy, reserve currency, U.S. Treasury debt, debt-driven economic model, de-dollarization, gold reserves, central bank holdings, U.S. Treasuries, dollar status, global geopolitics, dollar decline, relations, China’s U.S. Treasury holdings, foreign exchange reserves, global financial system, economic consequences, Jim Rogers, sustainability, geopolitical analysis, AsianQuicktake. 💯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.