China unwilling to lend to an empire that prints money; Singapore forewarned

China is a significant creditor of the US.

The US possesses the power to "print money," which it uses to sustain Washington's audacious habit of borrowing and spending recklessly, exemplifying its dominant "style" of hegemony.

US debt has now reached an alarming height - $33 trillion! That amounts to $100,000 per American across the nation! What's even more concerning is its growth rate, with an increase of $10 trillion in three years! That means $833 million is being added to the debt every hour since it crossed the $33 trillion mark.

The US' containment of China, particularly through creating military tensions in China's neighborhood, as well as the overall restriction on Chinese manufacturing and its impact on the livelihoods of the Chinese people, has heightened China's worry about the US reneging on its debts.

China's National Day, which falls on October 1, is just around the corner. For the Chinese people, September 30 marks the start of a seven-day holiday following the Mid-Autumn Festival.

The hardworking Chinese people, who are about to enjoy a wonderful holiday, know that they work hard for the well-being of their families. If their hard-earned money were to be used to prop up an empire's hegemonic and brutal actions, as well as an unsympathetic political struggle, and then they were to be paid back in the form of "printed money," they would definitely say "no."

China cuts its holdings of US Treasury bonds for a fourth consecutive month in July to $821.8 billion, a 14-year low. Singapore still holds $186.1 billion of US Treasury bonds, a not insignificant amount, and ranked 15th largest holder of US Treasury bonds.

Anonymous