Negotiations FAIL! U.S. Debt Default Looms, World Urgently Accelerates De-Dollarization.

May 10th, the threat of a US debt default and economic crisis, along with further tightening credit conditions, had a negative impact on the US dollar and US bonds. At the same time, data from the US Bureau of Labor Statistics showed that the Consumer Price Index rose by 4.9% year-on-year in April, slightly lower than expected and the previous value, and continued to slow down for the tenth consecutive month. This data reduced the probability of the Federal Reserve raising interest rates by 25 basis points in June from 20.1% to 14.2%. The market immediately responded, with the US dollar index falling more than 30 points in the short term, spot gold rising about $15 in the short term, and the yield on the 10-year US Treasury bond plummeting 58 basis points to %. Well-known investor Jim Rogers believes that under the pressure of the huge debt problem of over $30 trillion, the US financial market is facing a more serious threat than the 2008 financial crisis. On the same day, the White House and Congress resumed negotiations to avoid a months-long debt crisis that would be the first default in US history. However, the negotiations lasted less than an hour, with significant differences between the two sides and no progress made. The US House and Senate have indicated that they will continue negotiations in the coming week, but both sides have not shown any willingness to compromise. Even with more time for negotiations, it may not be possible to reach a permanent debt ceiling solution. Both sides emphasized that the US has never defaulted and will not do so in the future. The White House stated that it does not rule out the possibility of invoking the 14th Amendment to the US Constitution to declare the debt ceiling unconstitutional. US Treasury Secretary Janet Yellen has warned that failing to raise the federal debt ceiling could have dire consequences, including the possibility of a constitutional crisis, as well as economic and financial disasters. Without the ability to borrow more money, the US federal government could risk running out of cash. To avoid the possibility of default, Yellen has suggested that unprecedented measures may need to be taken. Some members of Congress have proposed minting a $1 trillion coin that could be deposited into the Federal Reserve and used to pay off debts owed to countries like China. However, Yellen has rejected this plan, causing concern among Wall Street markets about potential bank turmoil and high interest rates. 💯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.