China runs large trade surpluses with the United States. Typically these funds would be returned to the US as capital investments, either through buys of fixed assets, securities, or lending.

China, however, is liquidating stakes in companies in the United States, and is selling off its portfolio of Treasury bonds.

These two trends are resulting in enormous imbalances in Balance of Payments, which much be re-balanced via China's central banking activities. China is clearly recycling giant capital pools from the United States for investment purposes inside China, and among China's top trading partners.

And because the US dollars are never returned to the capital markets, it is also clear that China and the BRICS countries are setting up their own trading and economic bloc, funded largely with US debt instruments.

(Editor note: At about the 2:00 mark, I misspoke. The US ran a trade deficit of approximately $800 billion, not surplus. Apologies.)

Resources and links:

Bloomberg, US Trade Deficit Widens to $78.8 Billion, Largest in Two Years
https://www.bloomberg.com/news..../articles/2024-09-04

Why is China dumping US Treasuries for gold?
https://x.com/SputnikInt/statu....s/178313812393054619

Vanishing Act: The Shrinking Footprint of Chinese Companies in the US
https://rhg.com/research/vanis....hing-act-the-shrinki

China Should Explain ‘Enormous’ Data Gaps, US Ex-Official Says
https://www.bnnbloomberg.ca/in....vesting/2024/09/06/c

Bloomberg, China Plans to Sell Dollar Bonds in Saudi Arabia as Ties Deepen
https://www.bloomberg.com/news..../articles/2024-11-05

The Economist, Chinese firms are growing rapidly in the global south
https://www.economist.com/brie....fing/2024/08/01/chin

Closing scene, Yangzhou Gardens, Jiangsu

Wizkid - Eledumare [NEW OFFICIAL]

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Welcome back to ABIBITUMI TV, your trusted source for unfiltered news and analysis on African affairs.
I'm your host, and today we are reporting on the news of The Sahel States Confederation (AES) of Mali, Burkina Faso, and Niger scoring a monumental victory, marking the end of their contentious relationship with the Economic Community of West African States (ECOWAS). This isn’t just a regional political shift, it’s a historic moment in Africa’s struggle for sovereignty and independence from external pressures. The triumphant departure of these three nations from ECOWAS symbolizes the dawn of a new era for Pan-African unity and national determination. What caused this rift, and what does it mean for the future of Africa? Buckle up, as we unpack this transformative event and celebrate the victory of the AES.ECOWAS’s handling of the political transitions in Mali, Burkina Faso, and Niger revealed a series of critical missteps that worsened tensions between the bloc and the Sahel states. One of the most glaring failures was the imposition of heavy-handed sanctions. Instead of fostering dialogue and mutual understanding, ECOWAS resorted to sweeping economic and political measures against these nations. These punitive actions, aimed at pressuring the governments, caused significant suffering among ordinary citizens. Families faced shortages of essential goods, disrupted trade, and economic instability, fueling widespread resentment toward ECOWAS rather than the targeted leaders. This approach not only failed to achieve its objectives but also strengthened anti-ECOWAS sentiment across the Sahel region. #captaineibrahimtraore #burkinafaso #capitaineibrahimtraoré #ibrahimtraoré

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Tomato Factory VS Church Buildung
Ibrahim Troare Vs. Akufo-Addo
#burkinafaso #ghana #ibrahimtraoré #money #geopolitics #curruption #africa #factory #churchbuilding

In April 1994, the parents of two-year-old Samuel Ishimwe were murdered in Rwanda. Their fate was shared by up to a million people in the genocide against the country’s Tutsi minority. Thirty years on, Samuel sets out to discover what set these terrible events in motion.

He undertakes a journey from Rwanda to Germany and Belgium, both former colonial powers in the small East African nation. He hopes it will help him to understand the basis for the Hutu majority’s animosity towards the country’s small Tutsi minority. In Rwanda and Europe, Samuel meets with historians and contemporary witnesses. He wants to understand what happened to make people in his homeland turn on each other in such a way. What role was played by the "Hamite hypothesis,” a theory that assigned the Tutsis racial superiority? What’s the story behind all the human skulls taken to Germany from Rwanda more than 100 years ago? And, he asks, are the former colonial powers to blame for the fact that his parents, like so many other Rwandans, had to die? Or do the Rwandans bear the responsibility for the terrible mass murders that occurred between April and July 1994?

Whereas Hutus and Tutsis in Rwanda saw themselves as belonging to different social classes, the German colonial rulers who were here from the late 19th century until 1916 defined them along ethnic, racial lines. In the 19th century, many Tutsis were members of an upper class with assets that included valuable cattle. The Hutus, on the other hand, were usually farmers with little or no livestock. For centuries, the kings of Rwanda were Tutsis. The Belgians drove the Germans out of Rwanda in World War One and assumed control of the country until its independence in 1962. These colonial rulers exacerbated the divisions between Hutus and Tutsis, exploiting discord to further their own interests. In the second half of the 1950s, the Belgians withdrew their support for the king and the ruling Tutsi government, facilitating a Hutu power grab. Large numbers of Tutsis came under attack at the time. Hundreds of thousands fled the country.

30 years after the genocide, peace now prevails in Rwanda. President Kagame’s policies have worked to break down adherence to Hutu and Tutsi identities. Does this mean that the country’s dark past and the distrust that long simmered between the groups has now been overcome?


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