US DOLLAR UNDER SIEGE! $859B in US BONDS AT RISK! SEIZING China’s GOLD is OFF-LIMITS!｜AsianQuickTake

Welcome to Asian QuickTake, your go-to channel for comprehensive analysis of global affairs, international relations, and technology. In this video, we delve into recent developments and challenges concerning the US dollar hegemony and its impact on the global economy. The appointment of Andrea Gacki as the Director of FinCEN by the US Department of the Treasury signals a potential strengthening of the defense of the US dollar hegemony through financial sanctions and restrictive measures against non-conforming economies. However, such actions have faced growing scrutiny and opposition worldwide, especially from China, a significant holder of US Treasury bonds and the world’s second-largest economy. US Treasury Secretary Janet Yellen acknowledges the limits of financial sanctions and the potential consequences of China selling its US Treasury bonds. The rise of de-dollarization movements in various countries across Asia, Africa, and Latin America challenges the US dollar’s singular role in the global economy. Countries are exploring various strategies to reduce their dependence on the US dollar, such as increasing gold reserves, signing currency swap agreements, and conducting transactions in non-dollar currencies like the Chinese yuan. This trend poses challenges to the US economy, which has relied on the profitability of petrodollars and US Treasury bonds. The US’s credibility and the reliability of the US dollar as a global reserve currency have been questioned, leading over 121 countries to take steps towards de-dollarization. The repatriation of gold reserves from various countries further highlights the shifting dynamics in the global financial landscape. China’s significant holdings of US Treasury bonds and its role as a major commodity and oil importer give it the potential to impact the petrodollar and US Treasury bonds. The US Congress has warned of the possibility of China selling a substantial amount of its US Treasury bonds. The US economy faces the challenge of adapting its financial and economic strategies in response to the growing global scrutiny and challenges to the US dollar hegemony. Embracing cooperation and promoting a balanced and diversified global economic order can lead to a more just and sustainable future for the global economy. Join the conversation in the comments below, and don’t forget to share your thoughts and opinions. Thank you for watching, and we’ll 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.