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Leading financial analyst and gold proponent Peter Schiff explained on X how China could easily crash the US dollar now. His bold statements come after China recently dumped $23 billion worth of US Treasuries and trimmed its dollar holdings. China held $1,350 billion worth of US Treasuries in 2012 and steadily cut the holdings for over a decade. It now holds only $760 billion worth of US Treasury bonds and is diversifying its reserves with gold. Also Read: UK Tests Offline CBDC Payments—What This Means for Bitcoin and Privacy Coins Source: US Treasury Department China Could Bring the US Dollar in Just 3 Steps, Says Peter Schiff Source: iStock Veteran analyst Peter Schiff explained that the US could lose the trade wars if China just pulls three strings. He said that China needs to dump all its US Treasuries and replace its central bank reserves with gold. The move will reduce the power of the USD and bring inflation in the homeland if the White House fails to import the USD. Also Read: ...

The US dollar has many foes, and it seems that the prominent ASEAN nation Malaysia has now joined the queue to echo the de-dollarization narrative. Malaysian Prime Minister Anwar Ibrahim, recently on his visit to China, floated the idea of reviving the Asian Monetary Fund to decrease the nation’s dependency on the US dollar. Also Read: New ASEAN Country Ditches The US Dollar For Trade Malaysia’s De-Dollarization Agenda Gains Momentum Source: The Online Citizen Asia It seems that Malaysia is now working tirelessly to form a robust relationship with China. The nation’s PM, Anwar Ibrahim, recently visited China, where he made comments about reviving the Asian Monetary Fund to end ASEAN nation Malaysia’s reliance on the US dollar. The move, at the same time, supports the growing expanse of the renminbi or yuan, giving it a chance to topple and rival the US dollar. The Asian Monetary Fund as a concept was first introduced in 1997, in the wake of the Asian financial cr...