China put themselves into an untenable position and didn't even realize just how bad it could be for them.
It turned into trap they built and willing walked right into.
Those who were wailing about them being able to crash the ability of the Treasury to sell debt were all morons who fundamentally do not understand how a market works.
You mean to say China is not gonna be holding US debt? Nice!
Hmmm, I wonder if we could buy it back at discount prices...
If they are dumping treasuries in any large amounts they will be taking a huge hit.
Smart buyers will also wait to see just how desperate they are and watch the discount grow larger every minute.
China doesn't contol this game in any way whatsoever, they are a house of cards and one good shock will implode their entire economy.
Exactly. This is why US treasuries were like poison pills even if you believe US was going to go bankrupt. You cant keep it. You cant dump it.
If only you can convince them that dumping them is better ... then kek!
China put themselves into an untenable position and didn't even realize just how bad it could be for them.
It turned into trap they built and willing walked right into.
Those who were wailing about them being able to crash the ability of the Treasury to sell debt were all morons who fundamentally do not understand how a market works.
The WHs in China built a gigantic trap for the Cabal who were going to switch their world order to China.
So let nuke Beijing and get it done with lol
Wall Street is a nest of Communists... I hope it comes crashing down
https://x.com/kevincorke/status/1909836882910790065
Actually, more likely the Japanese Carry Trade or Basis Trade is blowing up
https://www.youtube.com/watch?v=GscuIzT1388