FUEL GLOBAL DE-DOLLARIZATION! China & Saudi Arabia SELL OFF US Bonds.｜AsianQuickTake

Welcome to Asian QuickTake! Join Jacob as we explore the global de-dollarization trend. China and Saudi Arabia are selling off US Treasury bonds, causing significant implications for the international economic landscape. China, the second-largest holder of US debt, has been steadily reducing its holdings. In April alone, China sold $400 million of US debt, bringing its position to $868.9 billion, the lowest since 2010. This accelerated liquidation trend has persisted for over a year. The House Financial Services Committee issued a warning, urging the US Treasury and Federal Reserve to prepare for the potential risk of China selling $859 billion in US Treasuries. Such massive sell-offs could trigger turmoil in the US Treasury market and prompt other countries to follow suit. Top economists express concerns over the dollar’s declining status as the world’s reserve currency. The US budget and trade deficits, along with financial instability, have made maintaining the dollar as a reserve currency unsustainable. De-dollarization efforts have spread to over 100 countries, impacting global economic dynamics. Even Saudi Arabia, a key player in the petrodollar agreement, has started diversifying its transactions away from the dollar. It has also significantly reduced its US Treasury holdings, signaling a shift in reliance on petrodollars and US debt. This global trend of de-dollarization poses a challenge to US hegemony, signaling a call for a more equitable and multipolar international order. It is essential to critically examine the flaws of US hegemony and support efforts to establish a fairer global economic system. Join the conversation in the comments below. Don’t forget to like, subscribe, and enable notifications to stay updated with Asian QuickTake. Thank you for watching! #DeDollarization #USDebt #GlobalAffairs #China #SaudiArabia #Petrodollar #EconomicOrder 💯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.