UK goes to China with a begging bowl as bond markets are in free fall

[@sword7872]

Please China don't buy western debt. Buy more gold instead.

[@ibrahimkuyumcu2649]

China bailed out the entire West multiple times over, including in 2008.

[@tompell3032]

yeah.. load up on gold. my advice to you. Don't buy gold bars. buy gold coins instead. make sure the premium is not too high. and don't buy anuthing less than 1 ounce or 30 gramms

[@meinking22]

Gold is analog money. If the ish hits the fan, it will buy you analog things.

[@daniellee8720]

England's confiscation of Venezuelan gold is an excellent example of what not to do to inspire confidence

[@Hystericall]

Followed by confiscation of Russian assets...

[@allegro70]

​@@Hystericallit wont be forgotten. Who knows, maybe Russian arsonists will be blamed for CA wildfires and forfiture of Russian assets valid

[@JD-yz4kr]

Banning Huawei, and then reneging on the nuclear plant deal are business-related acts that does not inspire trust in the UK government. There is no assurance that the UK will not renege on any agreement with China.

[@peanut0brain]

Also Haitian gold and Indian gold from colonial era

[@kallistehill7904]

Any government that negotiates with HTS or Banderas has no business whining about "saving face" when they've lost to Russia and China. I am so sick of the UK privileged ruling class. They need to get out of politics altogether, just like the monarchy.

[@dkblack1289]

You may be frystrated; I dont know if you voted Labor or Torries or if you voted at all. To achieve your dream, start by recognizing early your next local representative, your MP and you will be well on your way to throwing the elite out.

[@richardkuntz3746]

as a american normally i aint got a single good word to say about the french -- but wasnt it them that invented the guillotine i wonder they must still have a few like in museums that they could rent out or sell the copy-writes i think they could ask a premium and get it if the blades were crusty and rusty

[@peanut0brain]

​@@richardkuntz3746hope those blades are made of stainless steel 😂

[@peanut0brain]

None of the western politicians work for the people. I repeat. None of them work for the people. German fm baerback said it herself

[@aaronwilkinson8963]

So the US and Britain. Threaten the Chinese but all go to them with the Begging bowl.

[@Hystericall]

Meanwhile BBC continue to defame China at every opportunity.

[@vladimirthegreat6906]

Caucasians mentality at best.....

[@aaronwilkinson8963]

@vladimirthegreat6906 No it's the mentality of an arrogant elite who are low on power and ideas

[@noman-s6l]

Western civilization.

[@allegro70]

Two faced Janus, usually considered a trait of teenagers with undeveloped brains and psychopats

[@r3dshed]

BlackRock led the charge in dumping UK bonds during the Truss episode. You can guarantee BlackRock are also behind the current crisis

[@meinking22]

The same BlackRock that is primarily bank-rolled by the Rothschilds? Are the Rothschilds American or British? I forgot. Aren't a bunch of them knights of the realm? Speaking of which, didn't the Rothschilds also bankroll Soros and his takedown of the Pound way back when? I'm foggy on such things but I'm sure the Brits have it all figured out.

[@nickl1177]

The fact China is willing to host is remarkable

[@rodpanhard]

Might as well listen to see what will be offered up, when Alex Salmond and the SNP held their independence referendum they were going to hand over the North Sea oil operation to the CHinese if they won.

[@gelinrefira]

@@rodpanhard Yup, no harm in listening. Always give yourself options.

[@Andrew-rc3vh]

I don't think so. China has been trying to return to a cooperative relationship all along. Now the Tories are out of power they feel a new opportunity presenting itself.

[@JayTse-x7l]

If China can make more money, they will do whatever that’s required.

[@DontuseGoogleorWiki]

​@@JayTse-x7lI think you're forgetting they hold the aces.

[@vladimirthegreat6906]

West is really falling apart, and it's beautiful to watch.

[@georgewilder7423]

Currently the best show on earth...😮😮

[@meinking22]

The EU and UK are falling apart.

[@TuonoV4F]

America is not far behind. house of cards literally.

[@zetter13]

As a westerner yes there is schadenfreude in watching the pathetic ruling classes of europe sliding into irrevelance, sadly they are dragging their own respective countries with them

[@Jeff-sm8of]

China does not want to be a hegemonic empire nor does it want the yuan to be a reserve currency.

[@meinking22]

It doesn't want the yuan to be the reserve currency. You were right about ONE thing.

[@peanut0brain]

​@@meinking22 lol but it is being stacked up by countries as if it was a reserve currency because they can always buy stuff from China. Cope!

[@skwong6730]

China, say thanks but no thanks

[@rogerstarkey5390]

The SMART move would be to say "You're welcome.... HERE are the conditions" Why? MORE trade. LESS potential for military conflict (So less spending) "Peace"...?

[@TuonoV4F]

@@rogerstarkey5390military condlict hahaha.this is not 1945...when they survived thanks to the soviets.

[@FrankiePo89]

I like the "begging bowl" you used in your title. That's exactly how I saw it.

[@philippepeltier142]

So China is not desperate and crumbling like aaaall the medias say ?!?! 🤔😂😂

[@allegro70]

MI5 & MI6 doing their cointel games through outlets; the Sun, Vanguard, the Telegraph .. nothing new here.

[@meinking22]

China is certainly crumbling, just not desperate.

[@michaelmay369]

China should say OK we will help you but first you are going to hand over all of your physical silver..

[@oot007]

plus return all the artifacts and priceless treasures in the British Museum stolenfrom CN.

[@michaelmay369]

@@oot007 It will be interesting to see how China repays the west for it's "Century of Humiliation".

[@rakadus]

Nothing left in the vaults which are "freehold". In fact, sold many times over.

[@DontuseGoogleorWiki]

Is that silver ETF's 😂😂

[@sciagurrato1831]

How about silver certificates printed in disappearing ink and guaranteed by the Rothschild Bank?

[@RB-kg6kz]

Paul, will China help UK after west confiscated Russian assets - wouldnt they fear possibility of the same ?

[@rogerstarkey5390]

Get your facts straight. UK "Froze" some assets. *USA* Passed legislation to SEIZE assets.

[@Andrew-rc3vh]

If there is mutual reliance then that would never happen. The plan is to work together such that it brings advantages to both sides that neither side wants to give up.

[@DontuseGoogleorWiki]

That could only happen if the UK were holding significant amounts of Chinese assets - and, had the biggest army in the world

[@peterk4501]

Excellent observation......all western countries will eventually sign up to BRICS , not because they want to but because they have too .

[@Seeker2324]

That’s the best case scenario (for those countries, and very unlikely). The likeliest outcome is that Europe will go down with the US because the U.S. appears to have bought the governments somehow - just look at the Germans today - bar a few very small countries like Hungary, Serbia, and Slovakia, which the US will try to regime change in short order.

[@peterk4501]

@@Seeker2324 I understand your view, but whats more likely is that the US enters a civil war & breaks up. The Neocons & Rentier Elite greed cause the US to implode .These expansionist fantasies of the Trump on greenland etc will come to zero... By Jan 2026 the US will be in the middle of a domestic civil war and break up. "What begins in 2020 , ends in January 2026".

[@janereynolds7555]

Very insightful, thank you Paul.

[@albacan]

I'm British & I wouldnt recommend China aligns itself with the UK

[@gelinrefira]

I think at this point, it is UK should be offering something that is in China's interests, or else it shows they are not serious and then there is no point for China to entertain whatever UK put on the table. UK is not coming to China from a position of strength. Quite the opposite.

[@keepingittight]

Neither would China !

[@sciagurrato1831]

The Chinese have always admired traditional British culture. But when England is no longer based in this culture, there can be no relationship of harmony. The primary example is the Opium Wars which were instigated by the family of Baghdadi…..

[@Andy-P]

And vice versa

[@erickanter]

Well America is a dangerous friend to have. Who are you kidding.

[@mauropasini4785]

The hypocrisy!!

[@tompell3032]

begging for pennies annd lecturing on western values at the same time

[@Andy-P]

China said no UK press and Starmer obeyed. China did the lecturing not the UK. Only Chinese press was allowed

[@meinking22]

Fabian Socialism is the worst of Leftist ideological tripe...a bastard child of the misbegotten UK.

[@willgates8383]

What western values?? You mean China should support Israel in its Gaza genocide, or the sanctions on Iran, Cuba and Venezuela where children are dying because of lack of western medicines or how France extracts minerals from former colonies in Africa without paying anything for it!!!

[@davidleeandrew5756]

To inform, not entertain. Bravo. Exactly

[@gregoryedwards9097]

Really hope there’s change, but Western countries have surprised me with how much they capitulate to the US demands, especially these past two years. Hoping I’m wrong though.

[@zdj-h9m]

Since the UK did what was asked by the US to Huawei, it sure can expect the US to reciprocate and do something about buying British bonds.

[@Hystericall]

lol as if....you might as well be Denmark.

[@DontuseGoogleorWiki]

Is this a joke??? No one on the international market place will buy US T bills so 10 days ago the US obliged the UK, Canada and Oz to buy it's bonds! Where do you think that the ultra broke US is going to find the $ to buy UK bonds?

[@rodpanhard]

In the 2008 financial crisis China realised they could have been saddled with trillions of worthless US treasury bonds, buying UK gilts today is no different when it comes to risk.

[@JA-pn4ji]

China does not hold substantial gilts and are not exposed to the UK economy either by investment or trade.

[@Andrew-rc3vh]

If yields drop then the bonds increase in value. It is high now, so there is scope for it to reduce given the right conditions.

[@DailyBeatings]

Actually it was the trading relationship with the US that would suffer the most. The treasuries were never in question since interest payments on the debt could still be met. Today that's a different story since US debt now costs 1.3 trillion in interest payments annually...👀

[@meinking22]

Right. Now they are saddled with more worthless Chinese bonds. 😂

[@crimsonx3650]

The problem with the Cameron trade delegation was that he followed up on it with a visit to a certain monk. You know, the one who tells kiddies to do what his supporters say are culturally miss-understood activities with the tongue. The Chinese were really creeped out and decided no investments.

[@fannyalbi9040]

“culturally misunderstand" not that i know Tibetan has it.

[@emboriako]

Get your money out of the financial system now.

[@DontuseGoogleorWiki]

I did that after September 17th 2019...

[@normantan7796]

Imagine 4 G7 nations run to China for help and 2 G7 nations which China refused to help. 1 G7 nation is looking for trouble with China.

[@Lost_Johnny]

I read about this in the Global Times. They are polite but I am not sure what will come out of it.

[@Andy-P]

China got everything they wanted Promised the.Brits Nothing.....and they were glad of it

[@BillyNoMate]

UK needs reform, if not then things will stay the same. people don’t like change until it gets desperate, so we will have to wait until it gets much worst before it gets better.

[@crumdub12]

Fantastic Paul , I think UK is in a serious bind, and 2026 - 2028 will be a serious depression

[@gandhi9936]

I guess some people think Labour is responsible for the rising bond yields in US, Canada, Australia, large parts of EU etc...

[@pepsimaru]

That’s why the wifi was so shite! Unbelievable

[@des_smith7658]

See how they snide

[@terencewise7349]

From Terence Wise in UK……UK needs lots of very cheap electric cars.

[@akula9713]

😂 grid is close to collapse now. More electric demand?

[@Mr.Heller]

Thank you Paul, have a good week ahead.

[@tomtraster2065]

No one gonna talk about the Chinese bond market?

[@Andy-P]

Its on the floor.

[@Macronomics-MT]

Another great conversation thanks again for the dosis of reality

[@worldoflies8481]

Why don’t people talk about USA not buy uk bonds?

[@honesty_provides_tranquility]

Let’s see if they finally learn to kowtow to their masters

[@redpillscholar560]

Sad to say, but today's UK has a lot more in common with US owned Puerto Rico than the once great British Empire...

[@rakadus]

Great British Peso!

[@Andy-P]

Agreed more in common with Puerto Rico than China

[@ibrahimkuyumcu2649]

It's sad for our companies, but good for humanity.

[@Brisamars-q1c]

Delicate balancing act is needed. A good assessment.

[@yu-jd5jg]

China should not bow to Imperial-West Countries' extortions and stick to China's principles of Mutual Respect Mutual Benefits and non-interference in each other's internal affairs

[@DerrickScott-i6s]

I think the chinese should let the u k figure this out for themselves because the united states is right here to help them

[@DontuseGoogleorWiki]

What, that ultra bankrupt nation with, in real terms way over $200T in unfunded liabilities - 8134 tons of Au that hasn't been audited since 1953 and even IF there's any there most of it will be melt from 22ct coins....that one???

[@brianlowe3529]

No opium please .

[@basque888]

Can explain the reason UK buying US debt, they now hold as much US debt as China, 2nd place after Japan.

[@georgewilder7423]

Cos they're bloody mugs.. Probably pressure from their masters.😂😂

[@steveporritt1550]

The hedge-funds own it and they will drop it when the arbitrage no longer works, all the time the dollar is rising against other currencies it works.

[@DanBurgaud]

Apologize first, or NO DEAL

[@sciagurrato1831]

Wrong kind of lip service from the Brits.

[@MichaelCleveland-v5h]

Please, somebody send Paul a better microphone system. Maybe a Hauwei system. Step up China, send Paul a microphone. ;)

[@DontuseGoogleorWiki]

Ha, I thought that too

[@sciagurrato1831]

Sheesh they’re not that expensive…

[@bobbyshields58]

Why can't the BoE buy uk bonds like the Fed does ?

[@des_smith7658]

They're just worthless paper

[@RB-kg6kz]

Will further undermine confidence in the pound - would be akin to banana Republic

[@dkblack1289]

The fed does not buy Treasury bond. It just prints money and throws it to treasury with a statement....loaned. It is nonsensical. By doing that, the Fed not only creates inflation but increases the American debt. It is a false accounting method.

[@markharcourt2214]

They did during covid. And are holding the "bags" ( losses) Now they are selling and the UK government will cop the losses, as they are the guarantor . UK Parliament should order them not to sell. If they keep selling in the way that they are, No country will buy UK Gilts, therefore the government cant raise cash, then NHS, Education , public services, etc, etc gets defunded and taxes will rise to get that cash. Basically this is the whole reason why they are visiting China........Please buy our bonds/ Gilts. The answer will more than likely be " Are you out of your mind. The joint is a basket case"

[@grahammelbourne6575]

The Reserve Currency status gives the Fed options, that are not available to any other central bank.

[@RGROSS-g4c]

Give starmer nothing china

[@robertalkemade989]

uk should ask uae for bail out

[@TuonoV4F]

We are in the asian century.

[@fenixfp40]

Off to Russia soon with a begging bowl. 😱

[@richardkuntz3746]

as a american normally i aint got a single good word to say about the french -- but wasnt it them that invented the guillotine i wonder they must still have a few like in museums that they could rent out or sell the copy-writes i think they could ask a premium and get it if the blades were crusty and rusty

[@YM-ex8hh]

Uncle sam going to be fuming. Uk better just seek help from sam.

[@FrankiePo89]

Sam itself is hanging by a thread.

[@sword7872]

Or sam might be relieved that uk didn't use the begging bowl there. Might be hard to say no, like they couldn't say no to ukraine and israel. Not sure why uk didn't ask sam, after all they did so many favours for sam. (although its possible they did ask and sam had nothing to give 🤔) So uk has to swallow its pride to go ask China.

[@johnbutler3141]

Uncle sam sent yellen to China. Was told FO.

[@DontuseGoogleorWiki]

As I said elsewhere - they're far more indebted than we are. 134% Debt to GDP and over $200t of unfunded liabilities..

[@TuonoV4F]

I am ready for the reset.

[@user-nu9zv9bq3n]

Excellent, very clear understanding of the potential razors Edge. Things are moving like tectonic plates. It'll definitely be different by one year's time.

[@leeermy]

Oliver Twist to the Man: Please Sir, I want some more... Oliver Twist to his buddies on the playground: Man, I ordered that olde man to give me more

[@meteorknight999]

They wont be in positions in those seats in few months , so Qin needs to think twice before selecting the current or few months later new seats

[@conseated3616]

Was their opium in the begging bowl?

[@old97polarcat]

If China says no?

[@PS-383]

The recent visit to China by Chancellor Rachel Reeves was quite productive for the UK as agreements reached in Beijing would be worth £600m to the UK over the next five years.

[@markpavlowski7223]

Oh, good...will considerably help to cover the cost of the Chagos deal(for 6/7 yrs)....'Whooopee' "This afternoon, the Financial Times finally revealed that British taxpayers are set to fork out an astonishing £90 million every year for 99 years. This would add up to a whopping £8.9 billion over the course of the deal" We'll be well broke before then...probably in a state of severe 'civil disorder'...it's coming...and soon...

[@DontuseGoogleorWiki]

Being serious, is that even significant? 120m a year surely won't even scratch an itch? Sounds more like pocket change to me.

[@markpavlowski7223]

@DontuseGoogleorWiki Spot on...

[@georgewilder7423]

And what will that buy the UK apart from a tiny bit of time before you need to do it all over again..

[@Andrew-rc3vh]

There is one huge thing China can do for us where we put business their way, and that is HS2. We could hand the entire contract over to MTR and get it built very well, but they would need to bring in their own technicals and managers.

[@DontuseGoogleorWiki]

HS2 was purely a laundry mechanism for MPs

[@Andrew-rc3vh]

@DontuseGoogleorWiki Yes but it was not just the MPs but the firms themselves who were in on it. You can't use corrupt people. MTR offered to do a better system for half the price. They have an excellent track record. They deserve the business, and the corrupt should face bankruptcy.

[@DontuseGoogleorWiki]

@@Andrew-rc3vh which is about exactly what I said. It's a political playbook that's used the world over. Same with the US 'aid donations' to Ukn. Where did 90% of it end up? In senators off sure bank accounts - that why Hunter was sent to the Ukn to work in their energy industry - as a cover while he set up the payment channels.. ask Sam Bankman - Fried.......

[@meklavier4664]

Just a suggestion. You can ask trump to buy UK.

[@willowx9468]

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[@parkereric6397]

Mrs Joyce kim

[@sarahmark7682]

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Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!

[@yerossyle]

If I might add. Please do try to put more energy into your video talk. I had to drink coffee just to not fall asleep. 😴

[@robhappe2705]

These are in free fall in China as well!

[@terencewise7349]

From Terence Wise in UK…….Good historical assessment but I do think that UK can benefit from this approach to China.

[@BelovedAxle]

china could also extract some leverage over the uk

[@DavidHoins-s9m]

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[@africarizn7318]

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