The Chinese love the phrase overnight!! 😄😂🇪🇺⚔️🇺🇸
Urgent and completely unusual
🔴 The ally turns against its ally.. Europe threatens the United States with a financial "Armageddon" scenario that could raise America's debt by 1.5 trillion dollars annually.
Wall Street Journal:
Reports indicate that Europe is considering the "nuclear option" of dumping U.S. Treasury bonds if the Ukraine deal collapses.
This amount reaches 2.34 trillion dollars.
The European Union and Britain together hold more U.S. debt than China.
Such a sale could raise the yield on 10-year Treasury bonds by 200 basis points overnight, cripple the mortgage market in the United States, and increase annual federal debt payments by 1.5 trillion dollars.
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