US dollar is officially trash. They know Trump is getting ready to default on all America’s debts. He’s going to say something like, “the world, China biggly, owes America and me a huge debt of gratitude for keeping the world safe and secure. Therefore, I on behalf of the the America declared all debt owed by America and myself paid in full.”
And Americans have brought it on with their own hands. Donald Trump has been elected democratically (as far as we know) and he’s speed running the US into irrelevancy and worse.
The times, they are, a-changing. 🎶
Yeah, but Congress didn’t heed the call.
For context according to this link they need 39 B USD, and this “dim-sum” bond is part of the Indonesian diversification strategy.
"According to the budget plan, the Government aims to raise 642.6 trillion rupiah (39 billion USD) this year to cover the deficit. This year, Indonesia has issued many other types of foreign currency bonds such as: Dual currency bonds (USD and Euro) in January and October, raising a total of more than 3 billion USD; Islamic bonds (sukuk) in July; Japanese Yen samurai bonds in June (worth 103.2 billion Yen); Australian dollar (AUD) kangaroo bonds in August (worth 800 million AUD).,
