Loading ...While Proposing Peace In Ukraine, China Issues Scathing Tome Over “The Perils Of US Hegemony”
“So far, the United States had or has imposed economic sanctions on nearly 40 countries across the world… affecting nearly half of the world’s population.”
A massive, 4000-word scathing critique of American foreign policy was circulated by Chinese embassies hosted in Western countries this week, including to American officials and media. It included a lengthy laundry list of US crimes abroad and imperialist tactics.
The long essay was first published in state-run Xinhua News agency, and is entitled “U.S. Hegemony and Its Perils”. It heavily focuses on Washington’s recent wars in the Middle East, which have killed many tens of thousands of people, as well as bullying sanctions on countries like Iran, Venezuela, Cuba, and Russia which have had a strangling effect on entire populations.
Curious — How could China dump $2T of $US Treasuries overnight? Is there any way for them to recover value from same if they decided to dump (obviously wouldn’t be 100% as it would cost to dump that much at one time).
Thoughts / comments??
Where is the $2T figure coming from? Even if that is what they once had they have been buying gold and probably selling and or pledging their dollar treasuries as collateral so doubt they still have much left to sell. They are pretty shrewd, they are unlikely to have released this criticism of the US now if they still held much in the way of dollars and US treasuries.
An excellent point Chartmaster — the $2T is from months ago. I have no idea how to find out what their current holdings are. My impression was that they were dumping as quickly as possible and only making a dent in the overall total but your logic makes sense. It would be interesting to know though……..