China’s decision to dump US bonds and at the same time engage in massive gold purchases to bolster its foreign exchange reserves amid a trade war is heralding a monetary earthquake. This move did not come as a bolt from the blue as Beijing’s gradual withdrawal from US debt began during the period of sanctions …
Tag: UK
Great Britain faces a serious debt crisis due to tariffs and deficits
Donald Trump’s trade war and the country’s dire fiscal position risk plunging Britain into a Greek-style debt crisis, investors have warned. Weaker economic output combined with the Treasury’s negative fiscal data are exposing Britain to a “negative growth spiral”. Britain’s £2.7 trillion debt, which exceeds the size of the economy, leaves it vulnerable to the …
IMF: The US, a huge threat to the Global Economy – Bubbles that will burst the Markets
US budget deficits should not continue to expand in the coming decade, as they are reaching an unsustainable level that could even lead to a collapse of the global economy, the International Monetary Fund says. In particular, the IMF warned the US that its huge budget deficits have fueled inflation and pose “significant risks” to …