China Dumps Record $53.3 Billion in US Treasuries: Is a Trade War Brewing? | The Gold Spot

View the 💵 De-Dollarization Timeline here 👉 https://www.sbcgold.com/de-dollarization-timeline/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_05292024

The world’s second-largest economy is on a dollar-dumping spree. More specifically, China is actively selling US Treasuries to loosen its dependence on the US dollar. This could escalate into a massive blow for the US economy since Beijing is one of the biggest creditors of US debt.

The US Treasury Department reveals that the PBOC has dumped more than $53 billion in Q1 of 2024. The trend is expected to escalate as Xi Jinping wants to deal an economic blow to the US to bolster the yuan while hurting the dollar.

China might be leading de-dollarization, but many countries are following the trend. The BRICS nations are collectively threatening to topple the USD as the world reserve currency. This growing economic body is pursuing a de-dollarization strategy that will likely lead to BRICS currency and more trade in local currencies.

Economic experts at the federal and global level are warning of the dollar’s weakness and China’s effective trade war. Many investors are starting to follow the trends of central banks as they bail out of dollar-backed assets and into physical gold bullion.

Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Founder Eric Sepanek discuss China’s alarming rate of selling US treasuries, what other countries are following suit, and how this threatens the financial security of all Americans.

👉 READ MORE HERE: https://sbcgold.com/blog/china-offloads-record-us-treasuries-ushering-in-a-new-era-of-dedollarization/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_05292024

⭐ RELATED LINKS:

🔗 De-Dollarization 101: What to Know About the Global Shift Away From the Dollar: https://www.sbcgold.com/blog/de-dollarization-101-what-to-know-about-the-global-shift-away-from-the-dollar/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_05292024

🔗 BRICS Currency: What It Is & What It Means for Investors: https://www.sbcgold.com/blog/brics-currency-what-it-is-what-it-means-for-investors/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_05292024

⭐ @sbcgold Precious Metals Advisors in this The Gold Spot video:

👤 Eric Sepanek, founder of Scottsdale Bullion & Coin (SBC Gold)