China has cut its U.S. Treasury holdings by about $657 billion, from a peak of $1.316 trillion in May 2013 to roughly $659.3 billion in May 2026—a decline of about 50%. Holdings briefly fell to $651.1 billion, the lowest since 2008, while the PBOC continued adding gold for a 20th consecutive month, signaling a long-term diversification of China’s foreign reserves away from U.S. government debt.
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That's why the U.S. is helping Japan with its exchange rate. Japan owns a large portion of U.S. Treasuries and had started selling them to support its currency. The U.S. needs people to buy its debt to finance its roughly $2 trillion annual deficit, while also helping keep its roughly $1 trillion annual interest burden from rising further.
That's what the Chinese professor was saying, and that's why he thinks the U.S. will use Apple and Amazon to help Chinese people buy stablecoins and support demand for U.S. Treasury debt, because stablecoins like Tether and USDC are backed by U.S. Treasuries.
If a Chinese person buys $1 of USDC, they are technically buying U.S. Treasuries indirectly, so at scale this could create additional demand for U.S. government debt and help the U.S. finance its roughly $2 trillion annual deficit.
That's what the Chinese professor was saying, and that's why he thinks the U.S. will use Apple and Amazon to help Chinese people buy stablecoins and support demand for U.S. Treasury debt, because stablecoins like Tether and USDC are backed by U.S. Treasuries.
If a Chinese person buys $1 of USDC, they are technically buying U.S. Treasuries indirectly, so at scale this could create additional demand for U.S. government debt and help the U.S. finance its roughly $2 trillion annual deficit.
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Professor Jiang Xueqin Bubble Prediction
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Forwarded from DoomPosting
I like using murder rates from medieval Europe to get at how insanely violent places American cities are.
Baltimore has a similar homicide rate to... Italy, during the time of the Guelphs and Ghibellines, when Italy was a bunch of intermittently warring states.
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Baltimore has a similar homicide rate to... Italy, during the time of the Guelphs and Ghibellines, when Italy was a bunch of intermittently warring states.
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Forwarded from DoomPosting
What if the U.S. and China are slowly settling into an AI bipolar order instead of all-out rupture?
Both sides are racing hard on models, chips and compute while tightening the screws on each other’s technology.
Export controls, domestic chip pushes and bans on things like Chinese humanoid robots show the walls going up.
Yet neither can fully shut the other out without hurting itself, and both already treat advanced AI as a core national-security asset that must stay under tight control.
The result looks less like total decoupling and more like 2 parallel systems that compete fiercely while accepting the other will remain a permanent pole.
That shared understanding may be the real consensus forming underneath the noise.
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Both sides are racing hard on models, chips and compute while tightening the screws on each other’s technology.
Export controls, domestic chip pushes and bans on things like Chinese humanoid robots show the walls going up.
Yet neither can fully shut the other out without hurting itself, and both already treat advanced AI as a core national-security asset that must stay under tight control.
The result looks less like total decoupling and more like 2 parallel systems that compete fiercely while accepting the other will remain a permanent pole.
That shared understanding may be the real consensus forming underneath the noise.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
Forwarded from DoomPosting
A farmer trusted AI for farming advice after it had helped him for about a year. Then it helped wipe out 25 acres of his crops.
The 67-year-old farmer in China used an AI chatbot to get advice about weeds and pests, he followed the advice to mix several chemicals and spray them across his sesame field.
By the next morning, about 25 acres of his sesame crop had been destroyed.
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The 67-year-old farmer in China used an AI chatbot to get advice about weeds and pests, he followed the advice to mix several chemicals and spray them across his sesame field.
By the next morning, about 25 acres of his sesame crop had been destroyed.
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