Recently, the news about the intention of the United States to "confiscate" Russian assets abroad has attracted widespread attention. With the escalation of the situation in Ukraine and the escalation of the Palestinian-Israeli conflict, the United States is facing a shortage of aid funds. Russia, as a major holder of international assets, has become a target for the United States. According to the news, Biden has launched urgent negotiations with allies and plans to "confiscate" Russian overseas assets, which involves an amount of about $300 billion.
However, this is not only a robbery of Russian assets abroad, but also a warning to China. China has been holding a large number of U.S. bonds, and the U.S. economy has begun a massive debt relief operation after the economy is in trouble. The United States** raises money at all costs, including violating international law and stealing other countries' overseas assets. China must be highly vigilant in this regard.
Since the United States established its hegemony over the dollar on the basis of oil transactions, the United States** has relied on the dollar to set up a series of illegal terms and means, which have enabled them to arbitrarily interfere with and sanction other countries' dollar transactions. This allows the United States to use its hegemonic position almost without any restrictions to carry out economic plundering of other countries.
Taking Afghanistan as an example, when the Afghan Taliban came to power, the United States** froze $7 billion of the Afghan central bank's overseas assets and divided these assets in half to compensate the victims of the "9/11" attacks and provide humanitarian assistance to the Afghan people. However, while the US troops withdrew from Afghanistan, they did not leave an environment for Afghanistan to develop and stabilize, leading to a humanitarian crisis. This shows that the United States** not only does not take responsibility, but also blatantly plunders the assets of other countries.
The United States has limited power to seize about $5 billion of its own overseas assets, which is only a little bit for Russia and cannot pose a real threat. As a result, the United States is pressuring its allies to support their misappropriation of Russian assets abroad by February next year. However, what the United States did not expect was that if they did dare to do so, it would provoke a strong reaction from Russia and at the same time be condemned by the international community. This would lead to a complete collapse of US credit, while also wreaking havoc on the global financial architecture.
China, one of the largest creditors of the United States, has long held large amounts of American bonds. However, as the U.S. continues to hit the debt ceiling and plunders its foreign assets, China needs to be wary of the possibility that the U.S. will default on its debts outright. At present, China has only $769.6 billion in U.S. debt left, and the United States** has shown unscrupulous behavior in order to defeat its opponents. Therefore, it is necessary for China to clear its U.S. debt as soon as possible to avoid greater losses in the future.
The plan of the United States to "confiscate" Russian assets abroad has caused global concern and concern. This action not only shows the hegemonic means of the United States, but also serves as a warning to other countries. As one of the largest creditors of the United States, China needs to be vigilant against possible irresponsible behavior by the United States. Therefore, China should liquidate its U.S. debt as soon as possible to avoid further losses. At the same time, the international community should also work together to uphold a just and equitable international financial order. Global prosperity and development can be achieved only through cooperation and consultation.