by Arsenio Toledo, Natural News:
China is accelerating its selling of United States Treasury securities and replacing its holdings with more gold.
Since 2008, the communist nation has been one of the largest foreign holders of U.S. Treasuries. It started selling off its U.S. Treasuries slowly in 2018, right around the same time when the country started buying more gold.
The reason for the accelerated sell-off has not been disclosed. But it should be noted that China has had a strong incentive to diversify its foreign reserves away from American-held goods ever since the U.S. sanctioned Russia’s dollar holdings. (Related: Global DE-DOLLARIZATION is on the way as world’s central banks buy gold at fastest pace in 55 years.)
Analyst and financial writer John Rubino says we’re are in a “debt and death spiral” that will force dramatic changes on the world. Rubino explains, “The debt spiral part of this means things from here continue to get worse and worse for the big currencies of the world until they die. In other words, until people lose faith in them, refuse to use them and hold them anymore until their value falls to their intrinsic value, which is zero. That manifests to hyperinflation. The value of the currency falls as opposed to the things you buy with it. . . . Things feel basically okay for a long time as long as governments could force interest rates down to really low levels. The side effects of that are massive money creation and, eventually, inflation. That’s what we are dealing with now. So, here we go. Welcome to the end game for the world’s big currencies.”
Just over 50 years ago we ended our war – well, actually the war mongers of our nation’s war – in Viet Nam with the “Peace with Honor” speech of Richard M. Nixon. January 23, 1973 was the date, and five months before the fiftieth anniversary of that withdrawal, on August 31st 2022 in his attempt to beat the 9-11 day of infamy anniversary Joey Biden abruptly and disastrously pulled us out of Afghanistan like a love sick jackrabbit jumping out of the hasenpfeffer stew pot. Although the final exit in Viet Nam was not very pretty, the complete and total fiasco of Biden’s attempt to show us that he is cooler than Trump by beating the deadline Trump set is of such an abysmal nature that the honor of getting out of that war is totally marred by the gross incompetence born in that pullout. There was no honor, no grace, no laudable actions as in Nixon’s withdrawal or even Obama’s’ wretched abortion of a withdrawal from Iraq eleven years earlier.
The once-in-a-century earthquake in Turkey and Syria was preceded by a strange UFO-shaped cloud and unusual lighting causing many to wonder if HAARP was behind it?
