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China sold a record $53.3 billion of US Treasury and agency bonds in the first quarter of 2024, likely due to escalating trade tensions and a desire to diversify its assets. This move is raising concerns as China is a major holder of US debt and its actions could impact the US economy. Additionally, China has been increasing its gold reserves, potentially as a way to mitigate sanctions risk.
“Sure, we had to call it quits because of Yemen’s drones, but let me have a go at the world’s largest manufacturer of drones. I think I can win.”
China has the ability to produce 8x the number cruise missiles in the entire US armory every week, so obviously we can crush them in a conflict.
USA in WW2: liberty ships aren’t pretty but we’re making three a week.
USA in WW3: this overweight and over-engineered wunderwaffe will overcome the enemy