{"id":52091,"date":"2023-09-24T13:06:49","date_gmt":"2023-09-24T17:06:49","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=52091"},"modified":"2023-09-24T13:06:49","modified_gmt":"2023-09-24T17:06:49","slug":"something-to-watch-6","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=52091","title":{"rendered":"Something To Watch"},"content":{"rendered":"<p>On September 23rd, <a href=\"https:\/\/gellerreport.com\/2023\/09\/bidenomics-china-dumps-nearly-500-billion-in-u-s-bonds.html\/\" target=\"_blank\" rel=\"noopener\">The Geller Report<\/a> reported the following headline:<\/p>\n<p style=\"padding-left: 40px;\"><strong>World\u2019s second-largest economy offloaded US$13.6 billion worth of US debt in July<\/strong><\/p>\n<p style=\"padding-left: 40px;\"><strong>But China still remains the second-largest foreign holder of US Treasury bills, having been surpassed by Japan in mid-2019<\/strong><\/p>\n<p>The article reports:<\/p>\n<p style=\"padding-left: 40px;\"><strong>Amid persistent concerns over the safety of its overseas assets \u2013 most of which are US dollar-denominated \u2013 China has slashed its holdings of United States Treasury bills for the fourth straight month.<\/strong><\/p>\n<p style=\"padding-left: 40px;\"><strong>The world\u2019s second-largest economy offloaded US$13.6 billion worth of US debt in July, bringing China\u2019s holdings to US$821.8 billion, according to the latest data from the US Department of the Treasury.<\/strong><br \/>\n<strong>China\u2019s overall holding of US debt remains at a 14-year low, after reaching that level in June.<\/strong><\/p>\n<p style=\"padding-left: 40px;\"><strong>Beijing has been continuously cutting China\u2019s US debt holdings since early 2022, with two exceptions \u2013 in March of this year and July 2022, when it increased holdings by US$20.3 billion and US$320 million, respectively.<\/strong><\/p>\n<p style=\"padding-left: 40px;\"><strong>Beijing remains the second-largest foreign holder of US Treasury bills after being surpassed by Japan in June 2019.<\/strong><\/p>\n<p>Keep in mind that we are seeing a global move away from the U.S. Dollar as a global currency. That has a lot to do with the reckless spending by our government. As oil is traded in currency other than PetroDollars, we can also expect a move toward digital currency. There is nothing wrong with digital currency as long as it is not Central Bank Digital Currency, which gives the government control over how much money you earn and how you spend that money. If you are going to invest in digital currency, treat it like buying a stock&#8211;do your research first! Meanwhile, keep an eye on China as it unloads American debt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On September 23rd, The Geller Report reported the following headline: World\u2019s second-largest economy offloaded US$13.6 billion worth of US debt in July But China still remains the second-largest foreign holder of US Treasury bills, having been surpassed by Japan in &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=52091\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[253,16440,16130,17017,17016,17018],"class_list":["post-52091","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-china","tag-digital-currency","tag-the-geller-report","tag-u-s-treasury-bills","tag-u-s-debt","tag-u-s-department-of-the-treasury"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/52091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52091"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/52091\/revisions"}],"predecessor-version":[{"id":52092,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/52091\/revisions\/52092"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}