HARVEST GLOBAL WEALTH! Global Moves AGAINST US Bonds&Currency! India:28-Year Setback.｜AsianQuickTake

Welcome to Asian QuickTake, your source for in-depth analysis of global affairs, international relations, and technology. In this video, we delve into the latest developments in the global economy, focusing on China’s significant sell-off of US Treasury bonds and the ongoing trend of de-dollarization. According to the International Capital Flow Report released by the US Department of the Treasury on July 19th, China sold off $22.2 billion of US Treasury bonds in May, reducing its holdings to $846.7 billion, nearing the historical low since May 2010. Comparing this to China’s holdings of approximately $ trillion in November 2013, the country has net sold a substantial $470 billion of US Treasury bonds, accounting for nearly 36% of its total holdings. Analysts, including the US House Financial Services Committee and Ray Dalio, founder of Bridgewater Associates, suggest that China may continue its trend of selling off US bonds and potentially divest its entire holdings. This situation poses risks to the US economy, which heavily relies on the US dollar’s reserve status and operates with a high dependency on debt. The de-dollarization efforts are gaining momentum, with discussions among BRICS countries about the possibility of issuing currencies backed by gold or rare earth resources in August. At least 41 countries have expressed acceptance of this new currency form for trade, and in total, at least 121 countries are engaged in various de-dollarization methods. The US federal debt has soared to $32.6 trillion as of July 19th, with the US needing to continuously offload its debt risks to economies with high external debts and low external reserves. India is one such country facing significant pressures, with its total public debt standing at $13.8 trillion, accounting for about 231% of its foreign exchange reserves. The Federal Reserve and US Treasury have leveraged the dollar’s reserve currency status to offload their debt risks to economies like India and Vietnam, leading to substantial capital outflows from these countries. India’s economy is currently facing an urgent crisis, and de-dollarization efforts are becoming increasingly inevitable. Despite efforts to stabilize the vulnerable rupee, India’s international funds continue to flee, causing another dollar shortage in the country. The internationalization of the Indian rupee faces challenges, with direct settlements in rupees accounting for less than % of its total trade. However, India is taking steps towards de-dollarization, including discussions about conducting trade settlements in national currencies with other countries. As global trade dynamics shift and multiple currency choices emerge for payment, the demand for the US dollar and its reserve status may be reshaped. The era of the US dollar’s dominance is coming to an end, as more countries seek alternatives and the trend of de-dollarization continues. We appreciate your thoughts and opinions, so please share them in the comments below. Don’t forget to like, subscribe, and enable the bell notification to stay informed with Asian QuickTake. Thank you for joining us, and 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.