These developments are interesting...

[Mwalimu-G]

1. China dumped the largest bulk of US paper ever a few days ago. (Nikipata link nitaweka)

Talk of de-dollarization is back on the table after new data from the US Treasury Department revealed that China offloaded close to $50 billion in US Treasuries in the first quarter and had reduced its holdings by more than $100 billion in the year through to March 2023.

China’s US Debt Sales Fuel Speculation

China’s US Debt Sales Fuel Speculation | Global Finance Magazine

gfmag.com

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How much is the U.S. in debt to China?
The United States currently owes China around $775 billion as of 2024. However, China does not disclose how much debt the U.S. owes them.

2.

 

[Mwalimu-G]

3.
Putin signs decree allowing seizure of Americans’ assets if US confiscates Russian holdings
BY THE ASSOCIATED PRESS
Updated 5:16 PM GMT+3, May 23, 2024
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President Vladimir Putin has signed a decree allowing Russia to confiscate assets of U.S. companies and individuals to compensate for any Russian assets confiscated in the United States.
The decree was published on the Russian government’s legal portal on Thursday as top finance officials from the Group of Seven industrialized nations began a meeting at which the question of what to do with Russian assets frozen in the West is at the top of the agenda.
Ukraine and many of its supporters have called for the confiscation of $260 billion in Russian assets frozen outside the country after Russia’s Feb. 24, 2022, invasion. But European officials have resisted, citing legal and financial stability concerns.
However, U.S. President Joe Biden in April signed into law the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act, which allows the administration to seize the roughly $5 billion in Russian state assets located in the U.S. The law was included in a U.S. aid package for Ukraine and other nations which includes roughly $61 billion for Ukraine’s defense.
But it’s not likely the U.S. will seize the assets without agreement from other members of the Group of Seven nations and the European Union.
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The decree signed by Putin says that Russian companies and the central bank and individuals could apply to Russian courts to declare the seizure of property in the U.S. as unjustified. If the court agrees, a government commission would offer assets in compensation that could include property owned by U.S. citizens or companies in Russia, securities and shares in Russian companies.

 

[Mwalimu-G]

4.Three days ago...

Russia Could Use Nuclear Weapons If...: Putin Warns West
Russian President Vladimir Putin said that the West had repeatedly accused Russia of nuclear sabre rattling but said this was wrong, and pointed out that it was the United States which had used nuclear weapons against Japan in World War Two.
World NewsReutersUpdated: June 06, 2024 5:08 am IST

Putin said that Russia's nuclear doctrine permits such weapons to be used in response to threats.



St. Petersburg:
President Vladimir Putin, asked about the risks of nuclear war over Ukraine, cautioned the West on Wednesday that Russia could use all available means to defend itself if its sovereignty or territorial integrity were threatened.
Putin said that the West had repeatedly accused Russia of nuclear sabre rattling but said this was wrong, and pointed out that it was the United States which had used nuclear weapons against Japan in World War Two.
Putin, speaking to senior editors of international news agencies in St Petersburg, said that Russia's nuclear doctrine permits such weapons to be used in response to a number of threats.





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"For some reason, the West believes that Russia will never use it," Putin said. "We have a nuclear doctrine, look what it says. If someone's actions threaten our sovereignty and territorial integrity, we consider it possible for us to use all means at our disposal. This should not be taken lightly, superficially."

 

[mzeiya]

The United States currently owes China around $775 billion as of 2024.

China also has a massive debt. Simplistic but it does make one wonder who we all owe. Aliens?

 

[Mwalimu-G]

China also has a massive debt. Simplistic but it does make one wonder who we all owe. Aliens?

Yes, but Yues owes all of them and is vulnerable if a big lender like China was to dump allthey owe. And China can afford to play those games.

 

[DeepInYourMind]

China also has a massive debt. Simplistic but it does make one wonder who we all owe. Aliens?

It is all a fake economy founded on thin air. Once the gold standard was abandoned. But BRICS is choosing gold as the standard