De-Dollarization: China Drops US Treasury Bonds, Instead buys Gold, Oil, Metals May 5, 2024 Unipro2013main Economics, News, World Economy, World News </p> <h2>De-dollarization: China drops US Treasury Bonds, instead buys Gold, Oil, Metals</h2> <p> China is reducing its holdings of US Treasury securities. Instead, the People’s Bank of China is buying gold, and Beijing prioritizes imports of important commodities like oil and metals. Ben Norton discusses the geopolitical impact of de-dollarization in the world’s largest economy.</p> <p>Topics<br /> 0:00 Why countries are de-dollarizing<br /> 1:05 Russia & China<br /> 1:41 Brazil & China<br /> 2:18 Persian Gulf oil & gas<br /> 3:29 Central bank FX reserves<br /> 4:54 China drops US Treasurys<br /> 6:15 Debate in Beijing<br /> 8:40 Gold<br /> 9:37 Charts: China buys metals & oil<br /> 11:21 Strategic petroleum reserve<br /> 11:53 Belt & Road Initiative<br /> 12:50 East Asia funds US deficits<br /> 14:25 Global South funds Global North<br /> 15:25 Japan replaces China as top US creditor<br /> 16:03 US inflation, interest rates, bond yields, & debt<br /> 18:48 Outro<br /> Credit to : Geopolitical Economy Report </p> <p> Please support our Sponsors here :
