MARKET ALERT: Wall Street Expert Advises GOLD HEDGE, Time to DUMP US BONDS | AsianQuickTake

Welcome to Asian QuickTake, your source for comprehensive insights into global politics and economic developments. I’m Jacob, and today we delve into the critical issue of the US dollar’s declining purchasing power and the accelerating wave of “de-dollarization“ in numerous countries. Peter Schiff, Chief Global Strategist at Eurizon SLJ Capital Limited, delivers a strong warning, asserting that the US dollar is losing its value and that actual inflation is higher than 5%, despite Federal Reserve claims. He advises investors to safeguard against risk by transitioning out of the US dollar and US bonds and investing in gold. Data released on July 18 by the U.S. Treasury Department reveals that 19 countries worldwide have sold off U.S. Treasuries, resulting in a net outflow of $167.6 billion from U.S. bond investments. This poses challenges to easing domestic liquidity pressures in the US and indicates increasing market hurdles for further US bond issuance. According to the International Capital Flows report for May, the Federal Reserve has sold at least $886.6 billion of US Treasuries in the past year, making it the largest seller. The Federal Reserve plans to continue reducing its holdings of US Treasuries and mortgage-backed securities by $35 billion per month, even if interest rate hikes are temporarily paused, further driving the trend of selling US Treasuries. The TIC report for May by the US Treasury Department reveals widespread divestment of US Treasuries by several oil-producing countries and traditional allies. Japan, the UK, Australia, Israel, Saudi Arabia, and other major creditors have been actively selling off US Treasuries to manage their exposure to the US dollar and US bonds amidst the deadlock over the US debt ceiling and the banking crisis. Oil-producing countries are accelerating their efforts to de-dollarize and sell off US Treasuries to avoid potential impacts resulting from the US’s use of the petrodollar as an economic weapon. This global trend of reducing reliance on the US dollar and US Treasuries is significantly reshaping the currency reserve landscape. China, as the second-largest holder of US Treasuries, has been consistently divesting, reducing its holdings to a historical low point since May 2010. China’s increasing gold imports and growth in gold reserves suggest its determination to replace US Treasuries with alternative assets. Numerous countries worldwide are now pushing for de-dollarization, conducting large-scale sell-offs of US Treasuries, and adding gold to their reserve assets. Thank you for tuning in today. Don’t forget to like, subscribe, and enable the bell notification 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.