China Sells Off Record Amount of Dollar Assets

Paul Craig Roberts- The globalism the US championed as an instrument for Washington’s hegemony is now destroying its instigator.

As I pointed out on May 16 — https://www.paulcraigroberts.org/2024/05/16/the-west-has-an-illiterate-financial-press/ — when foreign central banks redeem their US dollar denominated reserves such as US Treasuries, they are paid in dollars. They sell the Treasuries because they are getting out of dollar reserves.

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https://thealtworld.com/paul_craig_roberts/china-sells-off-record-amount-of-dollar-assets