DIPLOMATIC GAMBLE Yellen Seeks Help Amidst US Debt Crisis and the Fate of US

Welcome to Asian QuickTake In this episode, we delve into the current debt crisis, its implications for the U. S. dollar, and the changing global financial landscape. Tags: Debt Crisis, U. S. Treasury, U. S. Dollar, Global Economy, Gold Standard, Central Banks, Debt Default, Digital Currencies, Gold Reserves, Financial System. U. S. Treasury Secretary Janet Yellen s efforts to find compromises with countries like China regarding the debt crisis could reshape the financial world. The U. S. credit crunch is intensifying, potentially increasing Federal Reserve credit issuance while reducing commercial bank lending, weakening the U. S. dollar. Secretary Yellen s remarks on rising inflation and debt risks have garnered international attention, emphasizing the need for vigilance. U. S. Treasuries, once considered a safe haven, have faced recurring crises, eroding investor confidence and impacting the dollar s global role. The U. S. federal deficit has soared, and s