RUSSIAN OFFENSIVE CAMPAIGN ASSESSMENT, SEPTEMBER 24
I think this story is silly but it is making the rounds so here it is for what it is worth. China has steadily trimmed its holdings of US government debt this year and moved some bonds to offshore tax havens where they could be protected from any future sanctions, according to a report from Nikkei Asia. I will just note two things. It is small percentage of total holdings and if you where the Chinse would you really think that small Islands far from China and closer to the US where safe if the US decided to go after them? Plus, if US is trying to lock you out of its system, what good are dollars going to do you anyway?
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