US ECONOMIC CHAOS! China Eyeing Total Gold Repatriation?Central Banks Repatriate Gold|AsianQuickTake
Welcome to Asian QuickTake! I’m Jacob, your host for insightful analysis on global affairs, international relations, and technology. Today, we’re tackling the recent downgrade of the US credit rating by Fitch Ratings.
In early August, Fitch Ratings downgraded the US credit rating due to concerns about escalating fiscal woes and mounting debt. This move triggered a sell-off of US Treasuries and led to a plan by the US Treasury to increase quarterly bond issuance, anticipating around $1 trillion from August to October.
The 10-year US Treasury yield surged past 4.0%, a level unseen since 2022. By 2030, the US national debt could breach $50 trillion.
Fitch’s downgrade reflects Americans’ rising worry about fiscal management and risky conflicts. Confidence on Wall Street in addressing fiscal challenges is waning.
Investor reluctance towards US bonds is evident. The US Treasury’s auction of 7-year, 5-year, and 3-year bonds faced weak demand.
Increasing debt raises concerns about US repayment ability, contradicting Treasury Secretary Yellen’s claims. Fitch’s downgrade may impact US Treasury bonds’ role in the global market.
The effects ripple across sectors. Analysts fear the downgrade could raise costs, especially with the Federal Reserve’s rate hike expectations, while US banks face instability.
Wall Street braces for a debt crisis. A Federal Reserve rate hike could trigger an economic crisis, and the US Treasury market’s downgrade would spell financial turmoil.
Investor Stan Druckenmiller highlights that actual US debt, including obligations like Social Security, could exceed $200 trillion.
By 2040, interest payments could consume all tax revenues, impacting defense and welfare programs. The Federal Reserve’s aggressive rate hikes push it towards insolvency, possibly leading to more money printing.
The US banking sector tightens credit, while a reliance on money printing threatens the economy and bond market.
Gold demand rises, driven by central banks and investors repatriating reserves, signaling a global trend away from the dollar.
Thank you for joining us. Don’t forget to like, subscribe, and enable notifications to stay informed with Asian QuickTake. See you in the next video.
💯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.
1 view
15
3
2 hours ago 00:07:45 1
Crypto Games | Play to Earn Crypto Games | Crypto Games High Earnings
2 hours ago 00:02:10 1
The Legend of Heroes: Trails Through Daybreak - Official Opening Movie Trailer
7 hours ago 00:51:41 1
The COMPLICATED Life of Henry Ford: FULL DOCUMENTARY
11 hours ago 00:01:31 1
2nd RCCKalinka participation-2ème participation CCRKalinka-2ое участие РКЦКалинка - ForumKazan 2024
13 hours ago 00:12:30 1
How to Start a Nuclear War
19 hours ago 01:05:08 1
City Girl Mayor’s Top Lieutenant Keith Freeman Indicted
21 hour ago 02:20:59 1
#ShoutOutTuesday | Is Christianity Good for Black people? HELL NO !
1 day ago 00:13:01 1
MATT GOODWIN: Britain’s IMMIGRATION CRISIS In 10 Charts
1 day ago 00:01:15 1
Tank 300 cross-country
1 day ago 00:48:04 1
The Astonishing Life Of China’s Tyrant Empress | Wu Zetian | Absolute History
1 day ago 00:05:44 1
Budanov Rings the Final Warning Bell
1 day ago 01:09:55 1
Saint Germain CHANNELED: Warning for the REST of 2024 & Why It’s Happening! | Tara Arnold
2 days ago 00:01:33 1
#ÚltimaHora PEINADO ABRE DILIGENCIAS CONTRA EL PAÍS
2 days ago 00:49:55 1
China & Russia strengthen friendship, blasting Western ’neocolonialism’ & US militarism
2 days ago 00:28:23 1
Modern American Imperialism Part 1: US Political Capture as a Game (& How to Win)
2 days ago 00:06:42 1
Federal Budget 2021: What’s behind the government’s eye-popping deficit spending?
2 days ago 00:46:05 1
Douglas Macgregor: “Europeans need to take control of their own destiny“
2 days ago 00:06:14 1
U.S. looks to team up with Europe to counter Chinese exports
2 days ago 00:33:42 1
George Soros Takes Questions at the World Economic Forum in Davos
2 days ago 00:51:55 1
Poverty after the Pandemic: Americans in Corona-Fueled Economic Crisis | Poverty in US Documentary
2 days ago 00:52:23 1
THIS AUDIO LETTER NO 41 IS THE FIRST TIME ARTIFICIAL INTELLIGENCE (AI LIFEFORMS) ARE REVEALED.
2 days ago 00:08:44 1
Why Nobody Lives In Alaska
2 days ago 00:56:29 1
This is Dr. Beter. Today is December 21, 1975, and this is my monthly AUDIO LETTER No. 7.
2 days ago 00:55:32 1
This is Dr. Beter. Today is October 15, 1975, and this is my monthly AUDIO LETTER No. 5.