China and Japan are now dumping US$ assets and that
spooked the USA and other holders of USA assets like treasuries, bonds
and even real estate such as commercial properties. Dumping or selling
off may result in losses, but it is still better than risking everything
when the shit hits the fan.
The USA economy is on ICU, even
though the official version is that it is doing so well in jobs, and a
burgeoning stock market resulting from its toilet paper printing
activities. Just wait when those toilet papers get flushed down the
toilet together with the shit.
Adding to the problem is the
warning by Saudi Arabia to the EU regarding the seizure of Russia's
US$300 billion assets, most of which are in the EU. The EU is trying to
commit economic suicide should it moves ahead with the seizure of
Russian assets officially. It will happen when desperation gets the
better of logic.
As if that is not bad enough, the EU is trying
to hype up the threat of seizing China's assets as well. What message
are they trying to send to the rest of the world, especially those
countries having investments in the EU like China? I am sure they are
going to have sleepless nights as well. And when they wake up, what are
they going to do? What would you do if a bank tells you they may seize
your money deposited with them? Sit back, relax and twiddle thumbs?
Not only are USA leaders elected based on their 'stupidity qualifications' the EU is doing exactly the same thing.
Anonymous