Debt Ceiling Deal FAILS TO SAVE US! China and Japan may DUMP $700 Billion U.S. BONDS.｜AsianQuicktake

According to the latest reports, the United States has reached a preliminary agreement to address the debt ceiling issue, with the drafting of the bill expected to be completed by May 30th. The agreement would extend the debt ceiling for two years, and a vote is planned for June 1st. However, analysts point out that signing the debt ceiling agreement could trigger a more hidden but intense crisis. Prominent US economist Nouriel Roubini notes that the recurring struggle over the debt ceiling in the United States has an impact on the country’s currency, potentially weakening global confidence in its ability to repay massive debts. This impact is causing systemic damage to the US dollar and US Treasury bonds, which could lead to economic recession and cascading effects such as bank collapses. Several significant events indicate that despite Janet Yellen and Wall Street’s claims of the US financial strength, the foundation of the US dollar and US Treasury bonds has been eroded by certain parasitic financial entities representing US interest groups. The decoupling of the US dollar from gold signifies a weakening of its value and credit. The US dollar’s ability to purchase globally priced goods and enjoy a luxurious lifestyle through fiat currency is built on its status as the primary global reserve currency. However, with the recurring debt ceiling crises, the trust and value of the US dollar have been diminishing. Global confidence in the US dollar and US Treasury bonds is declining, and US allies are also recognizing the importance of selling off US bonds, investing in gold, and reducing dependence on the US dollar. Additionally, the irresponsible monetary policies implemented by the Federal Reserve have prompted central banks worldwide to shift their focus toward other currencies or gold-backed digital currencies for de-dollarization purposes. The accelerated liquidation of US Treasury bonds by global central banks, the purchase of gold, and the de-dollarization efforts by major oil-producing nations in the Middle East indicate that the process of resetting the US dollar as the primary global reserve currency has already begun. This demonstrates that the US dollar is not a gold standard and has an expiration date. Gold, with its intrinsic monetary properties, serves as a natural currency. As reported, the state of Arkansas officially announced on May 28th that gold can be recognized as legal tender, possessing the same functions as the US dollar. Apart from Arkansas, 26 other states have recognized gold as legal tender. This means that more than half of the US states have declared the use of gold in monetary matters, making it a universal currency for debt repayment. These measures remove barriers to using gold for debt repayment and payment of interest, indicating that the monetary value of gold is returning to the edge of US monetary history. Texas has also stated that it is accelerating the development of legislation to establish gold as legal tender on par with the US dollar, serving as a universal currency for debt repayment. The state proposes using a gold-backed digital currency as an alternative to the current US debt issuance mechanism anchored by the US dollar. 💯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.