RE: Wars20 May 2024 15:37
BRICS member China has sold a record number of US Treasuries and government bonds worth an incredible USD 53.3 billion in Q1 '24.
Historically, this is the largest sell-off ever recorded by China.
They sell dollars for physical #gold to light up the western paper exchanges. They still have 700+ billion dollars ammunition left!
I believe China's end goal is to plunge the USA into a monetary crisis through gold and silver drainage. They whole fiat system is what they are aiming at. People will demand physical going forward.