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submitted 6 months ago by yogthos@lemmy.ml to c/news@hexbear.net

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.

https://archive.ph/6f6XN

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[-] nat_turner_overdrive@hexbear.net 14 points 6 months ago

the US Navy basically admitted defeat by Ansarallah when the state dept started offering big concessions to Yemen in exchange for them ending the blockade

can't even win a minor naval battle against a wartorn nation without a navy

[-] Tankiedesantski@hexbear.net 11 points 6 months ago

can't even win a minor naval battle against a wartorn nation without a navy

"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."

[-] nat_turner_overdrive@hexbear.net 11 points 6 months ago

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. holden-bloodfeast

[-] Tankiedesantski@hexbear.net 12 points 6 months ago
[-] rio@hexbear.net 14 points 6 months ago

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

this post was submitted on 16 May 2024
120 points (100.0% liked)

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