Since 2020, as the international situation continues to change, our financial strategy has also undergone a fundamental shift. In the past, we earned a lot of foreign exchange through foreign trade, which was used to buy U.S. Treasury bonds, while the U.S. continued to issue additional dollars and continue to import our goods, forming a seemingly perfect closed loop.
However, in the past two years, the international situation has taken a sharp turn for the worse, and we have stopped buying US bonds and started to sell them instead. At our highs, we sold about $600 billion of Treasuries, leaving just over $800 billion in Treasury bonds, the lowest since 2009. U.S. Treasuries were originally seen as safe hard currency, but as the situation changed, we started to turn to **. Most of the world's ** reserves are stored in the United States, because the continental United States has not been at war for more than 100 years, and is the first choice for placing **.
However, after getting these **, the United States is reluctant to return them, because relying on **, the dollar has been seriously indiscriminate. As a result, we had to continue to increase our holdings in the international market**. At present, we have increased our ** reserve for more than 10 months. Fortunately, at the moment*** over $2,000, which is at an all-time high, these strategies are all profitable.
So, in essence, it's a financial war. More and more countries have recognized the Ponzi nature of U.S. debt, which is growing like a snowball, and can only repay the principal and interest due by borrowing new debt. At present, the total US national debt has reached 36 trillion US dollars, and the proportion of GDP has also reached an all-time high, and credit is getting lower and lower.