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The War: The U.S. Will Seize China’s Treasury Holdings
  • The U.S. will convert China’s $1.4 trillion of Treasury notes to a trust fund for COVID-19 victims and economic damages. In other words, say goodbye to China’s dollar reserves.

    China was massively negligent by covering up the release of SARS-CoV-2. The toll in human suffering and economic losses are incalculable. The U.S. could seize Chinese holdings of U.S. Treasury securities and convert them to a trust fund to help make up some of the costs. It’s simple justice for the original crime.

    Some say China would consider that an act of war. But guess what? The war started ten years ago. China has been conducting unfair trade policies, intellectual property theft and technology theft for years. Only recently has the U.S., led by Trump, stood up to China.

    Critics also argue the U.S. dollar would crash as China would move into the euro, the Japanese yen, gold and other reasonably liquid currencies such as the Australian dollar.

    I heard that this will be The Move that Trump will execute in the right moment before elections. And this will end US ability to produce trillions of new debt. But more importantly - idea is to start coup in China with large capitalists local leading it.

    The Plan that stands behind this is as much as 48 year old (1972, so called "the push" moment that helped Chinese right wing that presently rule to rise from ashes), and in precise modern form - 19 year old.

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  • yep...and then their real estate portfolios ...but your link(s) isn't exactly msm...so it looks pretty speculative...although imho...they deserve it. https://dailyreckoning.com/author/jrickards/

  • @kurth

    Of course it is not official public info :-) But conservatives are pretty open here. And it perfectly falls in line for blaming China for coronavirus.