The YUAN INSTEAD! 28 million tons of Iranian OIL have been DELIVERED to China.

According to data models from Morgan Stanley, following the increase in the US debt ceiling, the US Department of the Treasury will immediately issue new US Treasury bonds, potentially reaching a scale of $1.2 trillion, to bridge the funding gap and balance expenditure and debt repayment. This will bring sustained turbulence to the banking industry, with the risk of further erosion of bank reserves and increased bank losses. The secondary consequences of the debt ceiling crisis may worsen the banking crisis. Similar conclusions were drawn in a report by the Hoover Institution, which found that over 2,315 US banks currently have assets worth less than their liabilities, with the market value of their loan portfolios being $2 trillion lower than book value. Therefore, the recent collapse of three US banks is just the beginning, and more and larger US banks may follow the same path of collapse. This outcome will also accelerate global central banks’ divestment from US Treasuries, directly affecting the US Department of the Treasury’s ability to borrow new funds to repay old debts. The US Treasury may request the Federal Reserve to resume buying Treasury bonds, similar to the emergency bond purchases conducted by the Bank of England in August last year, effectively engaging in quantitative easing. Ray Dalio, the founder of Bridgewater Associates, issued a warning on May 28th, stating that it is unlikely that the current problems facing the US dollar will be substantially resolved regardless of the scale of the agreement reached by Congress or the monetary policies adopted by the Federal Reserve. The “great problem of US debt and inflation“ will eventually lead to a “catastrophic financial collapse“ of 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.