中方大抛美债,美44州与联邦债务划界限,美元重置,人民币迎来破局

Group 1 - The core viewpoint of the articles highlights the strengthening of the Renminbi (RMB) against the US dollar, attributed to both the RMB's appreciation and the weakening of the dollar, with the latter being more significant due to the soaring US national debt [2] - The US federal government debt has surpassed $38 trillion, growing rapidly while local governments express reluctance to bear responsibility for this debt, indicating a unique situation where federal debt rises while local governments seek to clarify their responsibilities [2][4] - Many local governments in the US are facing severe financial difficulties, comparable to those in the UK, with half of the local governments in the UK declaring bankruptcy [4] Group 2 - The depreciation of the dollar is subtle and more easily accepted by the market and society, but it has global implications, prompting investors to reassess their asset allocation strategies regarding dollar-denominated assets [6] - In October, foreign holdings of US Treasury bonds decreased by $5.8 billion, with Japan and the UK increasing their holdings, while China reduced its holdings by $11.8 billion, indicating a strategic shift in asset management [6][8] - China's actions of reducing US Treasury holdings and increasing gold reserves aim to strengthen its currency's position in the international monetary system and reduce reliance on the dollar [8] Group 3 - Canada's significant reduction of $56.7 billion in US Treasury holdings reflects a growing distrust towards the US, using the bonds as leverage in trade negotiations [10] - The reduction by Canada, a close ally of the US, signals a deeper credit crisis within the US's alliance system, as it indicates that even allies are reconsidering their financial ties with the US [10]