🇨🇳 🇺🇸 💵 China's ownership of US Treasury debt is down almost $481B from peak levels. The rate of selling is accelerating.

For many years the experts always doubted that China would dump our debt because of the impact on their own economy and currency.

You can see how the line is steepening. China is getting out of US debt and buying Gold instead.

📎 Wall Street Silver

🇺🇸 💵 The current yield curve inversion is at the same level as 1928. Let that sink in.

📎 Game of Trades

🏠 🇺🇸 Total household debt in the US is at a record-high of $17.06 trillion:

📎 unusual whales

🇺🇸💵 US Federal deficit as a % of GDP v. inverted US unemployment rate (blue dotted line = latest Treasury borrowing projection).

Only 3 ways to close this gap:

1. Face-peeling inflation.

2. Depression (as US govt slashes its ~25% of GDP spending.)

3. Productivity miracle.

- Luke Gromen

🇺🇦🇺🇲⚡️US Secretary of State Blinken arrived in Kiev on an official visit, Ukrainian media reported.

🇷🇺 After many months of trial and error, a couple of days ago, the first UMPC FAB-1500 M54 accurately found its combat target with a direct hit.

🇷🇺🇺🇦 At night, a blow was struck at enemy military facilities located on the territory of the Reni port on the Danube, as well as the port of Izmail and Kiliya in the Odessa region.

A large shipyard is located in Kiliya, where the BEC is being assembled by the enemy.

🇬🇧🇷🇺🇺🇦 The British MoD officially confirmed the combat loss of the Challenger 2 in Ukraine (the videos were too eloquent to pretend that everything was fine).

At the same time, Britain will not officially replace the lost tank. Thus, there are still 13 of them left in Ukraine.

Somewhat earlier, an ammunition depot was destroyed near Khmelnytsky, where, among other things, large quantities of shells for Challenger tanks, including shells with depleted uranium, were destroyed.

The hunt for British goners continues.

🇺🇦 Ukrainian director Igor Lopatenok stated on the X social network that former Ukrainian Defense Minister Oleksiy Reznikov was responsible for the deaths of hundreds of thousands of Ukrainians.

Lopatenok noted that Reznikov did not achieve anything significant, but managed to amass a large fortune thanks to financial assistance from the West. Now he has been appointed ambassador to the UK, where, according to Lopatenko, he will enjoy life.

🇬🇧 Britain’s second-largest city effectively declares itself bankrupt amid $950 million equal pay claims.

Birmingham City Council, which provides services for more than one million people, filed a Section 114 notice on Tuesday, halting all spending except on essential services.

🔗 https://edition.cnn.com/2023/09/05/economy/birmingham-council-bankrupt-uk-gbr-intl/index.html

🇷🇺🇺🇦🇬🇧⚡The moment of the destruction of the Challenger 2 tank from the Kornet ATGM.

The enemy moved forward to attack with the forces of 2 tanks and 3 armored vehicles, came under artillery fire and stopped, and soon the British Challenger received a Kornet missile under the turret and caught fire.

🇷🇺🇺🇦🇬🇧 Another look at the destroyed British Challenger 2 , as well as 2 BMP-1s , an M113 and a pickup truck.

Interestingly, in the early footage, another wrecked Ukrainian pickup truck standing behind the Briton was absent .

Apparently, after the defeat of his armored group, the enemy tried to get something out of the burnt tank, but again came under fire and was forced to flee, leaving the car.