百年金融霸权毁于一旦，川普的牌出错了，美元被三家分了个“干净”

Group 1 - The core issue of the U.S. Treasury market is a significant sell-off, with Japanese private investors dumping $17.5 billion in a single week, marking the largest withdrawal since the 2024 U.S. elections [1] - The foreign buyer participation rate in the April Treasury auction exceeded 50%, the lowest in a decade, indicating a cooling interest in U.S. debt [1] - The financial storm, rooted in fiscal irresponsibility and culminating in a collapse of trust, is pushing the U.S. economy towards a "financial apocalypse" [1] Group 2 - The crisis in the U.S. Treasury market is imminent, with 30% of the $29 trillion in U.S. debt held by foreign investors, creating a precarious situation for the U.S. financial system [3] - Warnings from former Boston Fed President Eric Rosengren are materializing as Japan's central bank reduces its Treasury holdings, Saudi sovereign funds shift to gold, and the European Central Bank increases its gold reserves to 18% [3] - The reliance on foreign capital for the operation of the U.S. mortgage market, with 30-year mortgage rates remaining at a historical low of 3%, is becoming increasingly unsustainable as this funding source dries up at a rate of $10 billion per week [3] Group 3 - The three main causes of the abandonment of U.S. Treasuries are evident, with the fiscal deficit for the first half of the 2024 fiscal year soaring to $1.7 trillion, equivalent to a daily burn of $4.6 billion [5] - The debt-to-GDP ratio has surpassed 125%, significantly exceeding international warning levels, raising fundamental doubts about the U.S. government's ability to service its debt [5] - Political maneuvering over the debt ceiling has eroded international confidence in U.S. Treasuries, as the government shutdown drama undermines the perception of U.S. debt as a safe investment [6] Group 4 - The Federal Reserve's erratic monetary policy has further eroded trust, with a drastic increase of 525 basis points in 2022 followed by unexpected rate cut expectations in 2024, leading to unprecedented scrutiny of the Fed's independence [8] - Criticism from the Bank of Japan's governor highlights the damaging effects of the Fed's inconsistent policies on global financial order, as emerging market central banks reduce their dollar reserves to 48%, the lowest in 20 years [8] - The decline of the dollar's status as a "risk-free asset" and the intertwining of the collapse of dollar hegemony with the decline of U.S. manufacturing create a vicious cycle, threatening both financial and military dominance [8]