Why the World Is Stepping Back From US Treasuries

In this appearance on The Alex Jones Show, Dr. Kirk Elliott works through the Treasury's decision to expand its buybacks of longer dated US debt, and explains why he reads that step as a response to weaker foreign demand rather than a sign of strength. He covers the mechanics behind the bond market, including the inverse relationship between yields and bond values, and why rising yields give overseas holders reason to reduce their positions. He discusses recent US support for the yen, Japan's standing as one of the largest holders of Treasuries, and the unwinding of the yen carry trade. He also revisits Project mBridge and Deutsche Bank's move to clear in Chinese currency as examples of settlement shifting outside the dollar, and points to the short term federal debt that must be refinanced at higher rates. Elliott is careful to say he is not forecasting hyperinflation in the United States, and he invites viewers to schedule a consultation with the KEPM team.