WARNING SIGNS! China &Japan may SELL $800 Billion U.S. DEBT! Yellen will VISIT China.|AsianQuickTake
Welcome to Asian QuickTake, your premier world affairs and international relations channel. Join Jacob as he delves deep into the latest global news and technological advancements. In this episode, we explore the ticking time bomb of rising U.S. debt and its potential impact on the global financial system. As the U.S. economy grapples with an unsustainable debt burden, attempts to repay old debts with new ones only offer temporary relief, while the trend of allied countries selling off U.S. debt intensifies. Discover how the spike in U.S. bond yields and the job market’s defiance of recession forecasts align with Fed Chairman Jerome Powell’s warning on rate hikes. With the federal debt deficit surpassing $32 trillion and the U.S. debt limit suspended, the U.S. debt skyrockets by $700 billion in just under a month. Dive into Morgan Stanley’s data model projections, suggesting the need for $1.7 trillion in new Treasury bonds and the potential turbulent impact on the dollar, U.S. debt, and the banking sector. Witness the implications of a tightening U.S. credit market, dollar shortage, and rising borrowing costs, all of which could trigger a massive banking crisis. As renowned economists and experts warn of the imminent dangers, explore the systemic risks posed to the U.S. dollar, U.S. Treasuries, and the global reserve currency status. Uncover the consequences of losing confidence in the U.S.’s ability to repay its debt, and the subsequent effects on the world economy. Discover why the U.S. debt-driven economy is on the brink and how major buyers of U.S. debt play a crucial role in determining its fate. As U.S. allied countries sell off U.S. debt, explore the repercussions and the potential for compromise. Secretary Yellen’s visit to China becomes a focal point in addressing the U.S. debt crisis. Share your thoughts and opinions in the comments section below, and don’t forget to like, subscribe, and enable the bell notification to stay informed with Asian QuickTake. Stay tuned for our next video.
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