The US Economy Is On The Verge Of Collapse, With 23 Trillion Yuan Of Water Released In 23 Days, China May Reduce Its Holdings Of 700 Billion U.S. Debt

The US Economy Is On The Verge Of Collapse, With 23 Trillion Yuan Of Water Released In 23 Days, China May Reduce Its Holdings Of 700 Billion U.S. Debt

Date:May 22, 2020

 According to the website of Zerohedge Financial News, under the current epidemic disaster in the United States, the US economy is also suffering further shrinkage. However, the premature opening of the domestic economy will cause unnecessary secondary outbreaks. Underestimated, it will be more difficult to recover. It can be said that the economy of the United States is now on the verge of collapse. Even if the US Treasury and the Federal Reserve have been devoting themselves to economic stimulus, the 23-day counter-tack of 12 trillion and the restoration of the domestic economic level, but the effect is still very small. The United States has nearly 25% of its wealth already It was volatilized because of the outbreak. In addition, Zerohedge pointed out that the existing U.S. unlimited printing of money and relaxation of policies and other measures will only accelerate the decline in the interest of the US dollar and cause inflation. If this continues, the US dollar will be resisted by various countries and eventually cause an unavoidable disaster.

Since the United States used the unlimited printing of banknotes to purchase Treasury bonds, there has been a very awkward situation in the US Treasury. This also means that the hegemony of the US dollar is being questioned by many countries, and at the same time, the losses of the US national debt over the years will also be made public. As one of the largest debtors of US debt, China discovered that US debt had a downward trend 23 months ago, and immediately sold 114.9 billion US debt. In this regard, Russia ’s satellite news agency pointed out that if the US enters the US stock market with US $ 12 trillion in 23 days, which leads to an unprecedented inflation and loss, China may directly reduce its holdings of 700 billion US dollars in the future.

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