Copied from another site I follow.......
I am keeping an eye on the money spigots for the big event. The UKR war is largely a distraction. Imo, the ever widening of the war by USA vs Russia, then China is all about replacing their competitors. If the US can’t compete and, facing financial collapse, it has deployed sabotage and theft.
The 2022 USA trade deficit is $1 trillion and its budget deficit is $1.4 trillion, the latter does not include off-books liabilities. [you mean they keep off-books accounting? Not looking good.]
Paul Craig Roberts, former Assistant Secretary of US Treasury, noted the two deficits are largely funded by petrodollars –
“For a half century the petrodollar has supported the value of the US dollar and ensured financing for America’s large budget and trade deficits”
Fast forward. The seizure of RF's Foreign Reserves held in gold and USTs (not Grenada, she) has put into question the custodial safety of other countries’ Foreign Reserve accounts. Additionally, the western dimwits have announced, “China is a threat”, - meaning, after Russia, they are slated for the slaughter and sanctions queue.
As Mr. Lavrov recently observed (those dimwits) “they forgot something” >>>
When it applies to budgets, that ‘missing something’ is the fact that China is the largest buyer of USA debt – USTs .
The Dragon whispered, “Oops, let’s be proactive.”
China is dumping USDs and buying gold, for storage at home and out of harm’s way. Not only China, - - “Foreign Selling of U.S. Treasuries is Accelerating”
Source:
LINK
Red phone emergency calls for Ms. Yellen and Mr. Powell.
Well, karma is a B*tc*. You shouldn’t have stole Russia’s foreign reserves.