De-dollarization: China drops US Treasury bonds, instead buys gold, oil, metals

De-dollarization: China drops US Treasury bon...

Up next

Trump admits he wants to take Venezuela's oil — and give it to US corporations

Donald Trump imposed a naval blockade on Venezuela and admitted that he wants to take the country's oil and give it to US corporations: "They took our oil rights. We had a lot of oil there. They threw our companies out, and we want it back". Ben Norton explains how Washington's c ...  Show more

US influence in Latin America grows: Nazi-tied, pro-Israel, anti-China candidate wins Chile election

The winner of Chile's presidential election, José Antonio Kast, is the son of a German Nazi official. He is a US-backed far-right extremist who loves Donald Trump, Israel, and fascist former dictator August Pinochet. He is also very anti-China, and will assist in Washington's att ...  Show more

Recommended Episodes

China Wants The Yuan To Rival The Almighty Dollar
Big Take

The US dollar is the world’s most-used currency for global transactions. Now China aims to elevate its currency as an alternative. Over the past year, President Xi Jinping's government has struck deals linked to the yuan stretching from Russia and Saudi Arabia to Brazil and even ...  Show more

Central banks made bonds sell off
Moving Markets: Daily News

This week, one central bank after another made it clear that interest rates need to stay higher for longer. As a result, government bond yields rose sharply, the US dollar strengthened and equities sold off. Only the Bank of Japan remains on a different wavelength, keeping its ...

  Show more

Economic stimulus from China boosts equities
Moving Markets: Daily News

After US labour market data drove up stock prices on Friday, today it is China and its government's measures intended to prop up its ailing economy that are driving market sentiment. In commodities, oil prices are trading at levels last seen in November on fears over supply cu ...

  Show more

Xi Jinping’s Economic Plan: Let China Struggle
Big Take

China’s economic slowdown is catching the attention of countries around the world as they brace for a possible hit to their own economies. Bloomberg’s Rebecca Choong Wilkins and Tom Hancock discuss why President Xi Jinping is avoiding a big stimulus package and instead allowing C ...  Show more