Discover and read the best of Twitter Threads about #ustreasury
Most recents (3)
There Will Be No #WWIII !!!
Headlines in the Western media suggest that the US is determined to impose harsh #economicsanctions on China for allegedly "planning to supply Russia with weapons."
This is actually great news. A 🧵 to explain why. (1/n)
Headlines in the Western media suggest that the US is determined to impose harsh #economicsanctions on China for allegedly "planning to supply Russia with weapons."
This is actually great news. A 🧵 to explain why. (1/n)
China has denied the allegations, which only say that China is "planning to supply Russia with weapons," not that they have actually supplied weapons. But the US doesn't care about reality, only about its own decisions. Ask #Iraq . There were never any #WMD (2/n)
If China is not supplying weapons to Russia, why sanction China? Because China is an economic lifeline for Russia. China buying Russian energy and natural resources is what helps Russians get everything they need in return. As long as this goes on, sanctions will fail. (3/n)
🇺🇸⚡️US Treasury Secretary Janet Yellen warned that a default in the US could lead to devastating consequences and a complete catastrophe in the economy.
1/6
#debt #usa #ukrainewar #inflation #debtceiling #default #economy #finance #dollar #ustreasury #janetyellen #bonds #fed
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#debt #usa #ukrainewar #inflation #debtceiling #default #economy #finance #dollar #ustreasury #janetyellen #bonds #fed
She said that government spending would need to be cut to match tax revenues and that the spending of the population would also be reduced, leading to psychological consequences and further control of spending.
2/6
2/6
Yellen also stressed that it is the responsibility of US President Joe Biden and the leadership of Congress to find a way out of the situation and raise the national debt ceiling.
3/6
3/6
🇺🇸⚡️In the United States, there is a trend of contraction in the money supply despite record growth in lending.
1/6
#usa #finance #money #dollar #ukrainewar #economy #liquidity #banks #banking #fed #ustreasury
1/6
#usa #finance #money #dollar #ukrainewar #economy #liquidity #banks #banking #fed #ustreasury
This is due to the critical gap between weighted average deposit rates, which are below 1%, and the current market rate for government and corporate bonds.
2/6
2/6
This gap creates an incentive for people to redistribute the money supply into alternative financial instruments. And the decrease in the intensity of distribution of helicopter money from the US Treasury & the Fed reducing the balance sheet also contribute to this trend.
3/6
3/6
