Basereporter.com, July 25. Bonds of US government debt are the Achilles ‘ heel of the country and Russia, with China aiming it in her. With this statement made by the German branch of the portal Business Insider.
According to the publication, Russia has minimized its role as a lender of the USA, reducing in April, the volume of existing bonds 96 to $15 billion, and recently completely fell out of the list of the largest creditors. That is, according to the portal, for several reasons – the situation with the American sanctions have created doubt in Moscow that the subsequent sale of these securities will be under threat. “In addition, the sale of bonds of US government debt tends to the strengthening of the ruble,” says the portal.
Can be traced the General line of Russia to diversify foreign exchange reserves the country is ridding itself of the dollar and invests in gold reserves in the period from April to may 2018 increased by 37 tons. According to the experts, it looks like “attack, aiming at the Achilles heel of the United States” – despite the fact that the American economy is booming, tax reform, initiated by President Donald trump requires a high level of public spending. This leads to an increase of gasificate, which, according to experts, the International monetary Fund (IMF), will soon be over $1 trillion.
According to the newspaper, a similar move of China, which is America’s largest creditor, would be a severe blow to the American economy. The potential power of such measures was evident in January, when rumors that Beijing may terminate the bond purchase “has led to the rise of their interest rates.” However, as noted by the experts, despite the fact that these measures represent an opportunity to repay the imposition of US duties on steel and aluminium, the situation is not as simple as it seems at first glance. “Even the limited sale of securities will lead to a sharp pressure on the price. In the result, the remaining bonds in the hands of Beijing will depreciate and he (China) would harm himself,” – concluded the experts.