Dollar Ponzi
Why China Dumped Treasuries For Physical GOLD
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from GoldSilver:
Why China Dumped Treasuries For Physical GOLD
When the West froze roughly $300 billion of Russian assets held in US Treasuries, it taught every government with a policy dispute with Washington a lesson. Rick Rule’s read: Beijing asked itself whether it could trust the US government, and the answer came back no. So it began disposing of Treasuries and buying gold.
