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US Treasuries Have Become Unappetizing for Foreign Central Banks and Governments

152 points · 132 comments · iamnothere

  1. 1over137 · · focus · HN ↗
    US everything has become unappetizing for everyone outside the US.
    1. gradus_ad · · focus · HN ↗
      There must always be a hegemon. Will it be Europe? No, too weak and divided..will it be China? No, too authoritarian..

      The US remains the best option among a mixed field of weak, corrupt, divided and authoritarian alternatives.

      1. JumpCrisscross · · focus · HN ↗
        We’re seeing a return to multilateral regional hegemony. Russia, China, India, a new Persia, Israel and Turkey duking it out in Asia. The edges of those conflicts trying to bring war back to Europe. And America getting potentially balanced by China and Europe in the Americas, with the Pacific theatre figuring out its own balancing game plan.

        The wild card being this will be the first time the world has entered this sort of unstable state since the invention of nuclear weapons. I expect to see a total failure of non-proliferation and the first nuclear civil war in my lifetime, if not the first nuclear war of territorial conquest. (I do not expect to see the first nuclear extermination.)

        1. daymanstep · · focus · HN ↗
          > America getting potentially balanced by China and Europe in the Americas

          I can't figure out a way to parse this sentence that makes sense. Are you saying that "Europe" will "balance" the USA in the Americas? As in, European influence will counteract US influence in the Americas?

          1. JumpCrisscross · · focus · HN ↗
            > European influence will counteract US influence in the Americas?

            Yes. If you’re Canada or Mexico or frankly anyone else in the Americas, you probably don’t want all your weapons systems to be dependant on American supply chains. And then if you think about it, you probably don’t want all your energy imports dependent on Washington’s noblesse. Et cetera.

            American exceptionalism was built on the trust the world put in us getting so unilaterally powerful without being balanced.

          2. nostrademons · · focus · HN ↗
            Would assume it's in reference to things like the EU offering associate membership to Canada, or China's trade deals with Nicaragua, Costa Rica, Ecuador, Peru, etc.
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