Foreign investors disappear from US Treasury auctions, as China borrows at the lowest rates ever
Inside China Business | August 10, 2025
A staggering $11 trillion in US government debt needs to be borrowed or refinanced over the next 12 months.
Treasury Department officials are faced with painful choices, whether to borrow at very high rates, locked in for ten years or longer? Or instead borrow for one year or less, but at massive volumes?
Foreign governments and pension funds are also showing far less interest in absorbing new US government bonds, and are demanding ever-higher yields to compensate for inflation and policy risk.
China’s government, however, can borrow at far below half the rate Washington pays, across all maturities. And Chinese companies are paying the lowest interest rates in their history to access new capital. That represents a long-term structural advantage to Chinese policymakers and industry.
Closing scene, Hong Kong South China Morning Post, China cuts US Treasury holdings for third month amid trade war, debt ceiling fears https://www.scmp.com/economy/china-ec…
Zerohedge, Yields Spike After Very Ugly, Tailing 30Y Auction Sparks Steepening Fears https://www.zerohedge.com/markets/yie…
ZH, Very Ugly, Tailing 10Y Auction Sees Slide In Foreign Demand, Plunge In Bid To Cover https://www.zerohedge.com/markets/ver…
ZH, Ugly, Tailing 3Y Auction Sees Worst Foreign Demand Since 2023 https://www.zerohedge.com/markets/ugl…
Managing Risk in the Face of Historic U.S. Debt Refinancing https://www.tradingcentral.com/market…
What Is Happening with Mortgage Interest Rates? https://www.schwab.com/learn/story/wh…
How the Federal Reserve Actually Affects Mortgage Rates https://www.cnet.com/personal-finance…
Wall Street Journal, Trump and Bessent Bring New Style to Managing America’s Debt https://www.wsj.com/finance/investing…
Banking on the Belt and Road: Insights from a new global dataset of 13,427 Chinese development projects https://docs.aiddata.org/ad4/pdfs/Ban…
China 10-Year Government Bond Yield https://tradingeconomics.com/china/go…
What do falling Chinese yields tell us? https://www.dws.com/insights/cio-view…
X, Corporate borrowing costs in the US have never been lower than China’s today https://x.com/UnHedgedChatter/status/…
The Future of Food
corbettreport – August 10, 2025
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Scott Ritter: Russia Ends Limits on Intermediate-Range Missiles & Changes the Balance of Power
Glenn Diesen | August 8, 2025
Scott Ritter is a former Major, Intelligence Officer, and UN Weapons Inspector. Ritter argues that the balance of power in Europe will shift as Russia announces it will no longer abide by the self-imposed restrictions on the deployment of nuclear-capable intermediate-range missiles.
Trump Admin DENYING DISASTER RELIEF to Americans Over Israel Stance?
Glenn Greenwald | August 5, 2025
Daniel Davis: Trump’s Threats Against Russia Backfire
Glenn Diesen | August 2, 2025
Lt. Col. Daniel Davis is a 4x combat veteran and the host of the Daniel Davis Deep Dive YouTube channel. Lt. Col. Davis argues that Trump’s ultimatum is hardening the Russian position as the prospect of a peaceful settlement collapses. Sanctions have been exhausted, and there are no more weapons that can be sent that will significantly impact the battlefield. When the frontlines collapse in Ukraine, Trump may get desperate and act dangerously.
Trump Admin Wants DEI for Jewish Students?!
Glenn Greenwald | August 2, 2025
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Child in Gaza kisses aid worker’s hand before being fatally shot by Israeli forces
MEMO | July 31, 2025
A resigned US Army soldier who served at an aid distribution point in Gaza, affiliated with the Gaza Humanitarian Foundation (GHF), has shared a heartbreaking account of the final moments of a Palestinian boy known as “Gaza’s little Amir”, who was shot dead by Israeli forces shortly after receiving a small portion of food.
In his testimony, the former soldier, Anthony Aguilar, recalled the tragic events of 28 May, when the boy Amir was killed while trying to get food.
Amir, who was barefoot and visibly thin, walked 12 kilometres under the scorching sun, hoping to find something to eat after hours of waiting. All he managed to gather was a handful of rice and lentils from the ground, Aguilar said.
He went on to describe a deeply emotional moment, saying that the child had approached him, set down his belongings, gently placed his small hands on the soldier’s face, kissed his hand, and thanked him in English. The boy then picked up his things and returned to the crowd. Just minutes later, as he was leaving with other civilians, Israeli forces reportedly opened fire with gas and live ammunition, striking Amir and killing him on the spot.
Aguilar added that the day was no different from others in Gaza — except that death came quicker.
Tucker Carlson on Israel’s Shocking War Crimes and Genocide in Gaza
A Brief Note on Genocide
By Tucker Carlson | July 31, 2025
Accusations that the Israeli government is committing genocide in Gaza are becoming increasingly common. Professor John Mearsheimer made the claim on yesterday’s Tucker Carlson Show, and Marjorie Taylor Greene recently became the first Republican member of Congress to do the same.
It’s easy to predict how Washington’s Israel shills will react. John Fetterman provided an example on Wednesday.
“I [honestly] don’t care what crazy pants thinks,” the disgraceful Pennsylvania senator told a reporter when asked about Greene’s statement. “It’s not a genocide, you know, that’s just not the case. And she’s entitled to her opinion, but I’m entitled to not really care what her views on that is,” he added later.
See what he did there? In addition to sneaking in a classic ad hominem attack, Fetterman engaged in a semantics debate about the word “genocide” rather than bothering to acknowledge the fact that American tax dollars are funding the killing of children. That strategy is not an accident.
“Genocide” has a very specific definition. It is as follows, according to the Department of Justice:
“Violent attacks with the specific intent to destroy, in whole or in part, a national, ethnic, racial, or religious group.”
Based on that, Greene’s use of the word feels reasonable. But that’s not the point. Rather than defending the actions of the Israeli government, which at this point are indefensible, the Fettermans of the world prefer a middle-school-lunch-table-style argument over the precise meaning of “genocide.” The reason is simple. Such a debate serves as a convenient distraction from the heart of the issue, which is the Netanyahu government’s abhorrent behavior and Washington’s undeniable culpability.
Call what’s happening whatever you’d like. Genocide, ethnic cleansing, indiscriminate killing, or anything else. Regardless of anyone’s preferred word choice, the reality remains the same: tens of thousands of innocents are dead, and millions of lives are destroyed. The United States should play no role.
Kicking the peace can down the road
In discussion with Glenn Diesen
Ian Proud | July 28, 2025
Nice to catch up with Glenn Diesen to discuss recent developments, including my article on Trump’s 50-day ultimatum to Putin, which has now been reduced to 10-12 days, whatever that means. I continue to judge that the threat of secondary sanctions against Russia’s trading partners will have a greater impact on the US than on China, India or any other country that does business with Russia.
Meanwhile, Zelensky’s short-lived attempt to shut down anti-corruption organisations closing in on his cronies has been a big wake up call, not just for European political leaders and journalists, but more importantly, citizens.
Faced with admitting defeat in Ukraine and throwing Zelensky under the bus and continuing with an ineffective foreign policy towards Russia, I judge that Starmer, VdL and others will keep kicking the peace can down the road.
Yet every day the war continues, Ukraine loses more ground and more lives on the battlefield, and slides further towards the status of a failed state. My optimism remains low that the war will end in 2025.



