不跟你玩了，你印的纸你自己用吧，美国前几大债主都在不停减持美债，中国一年就卖了573亿美元

Core Viewpoint - The perception of U.S. Treasury bonds has shifted from being viewed as the "safest asset" to a more cautious stance, with significant reductions in holdings by major creditors like China, which sold off $57.3 billion in 2024 [1][3]. Group 1: U.S. Debt and Economic Concerns - The total U.S. debt is projected to reach $34 trillion by the end of 2024, with annual fiscal deficits starting at $2-3 trillion, raising concerns about the government's ability to meet its obligations [3][5]. - Interest payments on U.S. debt are expected to exceed $1 trillion in 2024, accounting for nearly 20% of federal revenue, which raises alarms among bondholders [5][9]. Group 2: Shift in Investment Preferences - There has been a notable increase in global central banks' gold purchases, exceeding 1,000 tons in 2024, indicating a shift towards tangible assets as a hedge against currency devaluation [5][7]. - The proportion of foreign investment in U.S. Treasury bonds has decreased from nearly 50% in 2010 to below 30% in 2024, reflecting a trend of withdrawal from what was once considered a top-tier investment option [9][11]. Group 3: Broader Economic Implications - The erosion of trust in the U.S. credit system is seen as a long-term issue, with the stability of the dollar as a global settlement currency being questioned [11]. - The impact of inflation on wages and low interest rates on savings is causing individuals to seek alternative investments, such as gold and real estate, to preserve value [11].