SDR Substitution Accounts and Threatening Trade

JcollinsEconomics, Geopolitical, Premium POM

Are Trump and China about to Checkmate the Anglo-American Establishment?

So…….the increasing tension over the North Korean situation is prompting the Trump administration to threaten ending trade with nations who are doing business with the regime of Kim Jong-Un.

Convenient.

Allow me to explain.

China is the biggest trading partner of North Korea. But China is also a huge trading partner of the United States, and just happens to hold the largest amount of USD denominated Treasuries outside of the Federal Reserve.

 

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