From ‘nostr’ - it seems relevant here for a wider perspective on bonds.

🇺🇸💸📨🏭🇨🇳&👟☠️📝💸

AMERICAN DEBT EXPORTS TO CHINA AND THE COMING DEATH OF PAPER MONEY

America and China, the intertwining is deep. Capital is preventing conflict. So many millionaires and billionaires would lose out. But, the Chinese know very well the dollar is on life support and the US has a closing window to steal China's wealth in order not to be a fifth world country for the next century. It seems that the US hegemons want very much for a new conflict, but debt and capital are reasons why this cannot easily happen with regard to China.

The dollar has seen it's heyday, but it's immanent “collapse” is probably not right around the corner. If you view US hegemons and IMF hegemons as your enemy, you have to respect your enemy,

Therefore, the fact that China still has so much US debt, and is heavily invested in the US itself ensures China isn't seeking to throw the first stone. The US, on the other hand, doesn't want to immediately precipitate the ACTUAL collapse of the dollar. But Russia, China, and Iran are in an economic war with the US, EU, etc. None of those three countries will be using the dollar for much longer except with the US. Russia is de-weaponizing them in Ukraine. And Iran showed them how inadequate their defenses are with five hours of junk tossing. You probably still can't find a vacant toilet stall in Tel Aviv.

And all that debt that China holds is practically worthless. But holding the debt is the biggest weapon system in the world. The $, £, € are toast as soon as one decent sized holder sells. If it's a coordinated attack, it's nuclear.

A major armed conflict is not probable. But crippled with a worthless currency, the United States could be paralyzed for decades. The United States has never been so far out on the edge of a precipice. And since much of the population can't identify the problems they ignore them. No one wants to believe the juggernaut has a leak. Much less a few dozen.

Something embarrassing, though, might happen. If not this year, then next, because they have never faced a foe remotely like the Russia, Iran, China combo.

The threat alone could be enough. But, a word of caution. China's ownership of American debt is not useless, even though it is everyday less tied to any real value and it's psychological value continues to decrease.

Someone once said that the USA never had to carry its own weight. If so, Americans will be facing harsh realities.

We need to remember that BRICS countries will bring out the next reserve currency, soon. With this in mind, China has been buying 20% more physical gold in the last quarter. Most countries are permanently withdrawing their gold from the US. This is similar to the 1970's. But this time there are no Henry Kissinger's and modern aircraft carriers are only good for cruising tours for Chinese tourists. So, the math is pretty simple and the "trust" that the hegemon enjoyed during the last Bank of International Settlements maneuver it made creating fiat currency is gone. With or without stealing assets from the Russian Federation, "freezing Russian assets" was enough to push Switzerland out of permanent "neutrality".

Gold is a specific element of the universe. Gold is information. Information is gold. Only one little "ping" in the strait of Hormuz is enough to show this beyond doubt.

Obviously, the entire Western world is battling spiritual weaknesses. And debt always extended the time available for not dealing with it. There seems to be no soft landing left. Money, as in fiat currencies, needs memory holing. The only real questions left are the how/when. Not the why.

How? Easily. When? Any time you want. After all, it will not be an overnight switch but it will happen. There is zero doubt that the yuan and ruble are positioned to fill the dollar's vacuum.

Western institutions of all kinds will fall. And, humility is a concept Western "values" are going to have to become conversant with.