China Weaponize Its $760 Billion Treasury Holdings?; Safe Haven, Bessent, LDC
Trump’s tariff U-turn exposed his core weakness. Beijing can easily dent America’s safe-haven status. Treasury Secretary Scott Bessent talked about the beauty of being the world’s biggest borrower. “If you take a bank loan, the bank is in charge, they can repossess whatever you borrowed against. But if you take a big enough loan, you’re kind of in charge of the bank,” he said. In this volatile environment where anti-American, anti-bullying sentiment runs high, it won’t take much for the PBOC to smash the safe-haven status of the US dollar and bonds. Shuli Ren Bloomberg 13 april 2025 https://www.bloomberg.com/opinion/articles/2025-04-13/why-wouldn-t-china-weaponize-its-760-billion-treasury-holdings USA:s växande nettoskuld till omvärlden https://englundmacro.blogspot.com/2025/04/kalla-mattias-lundback-facebook-mattias.html Treasury Secretary Scott Bessent https://englundmacro.blogspot.com/2025/04/treasury-secretary-scott-bessent-den.html https:/...