XJO - Bear Posts only (Factors which might cause the markets to fall), page-16159

China was the top buyer of US debt before the confiscation of Russian assets and pushing it off SWIFT
Within a mere four years, China sold off 30% of its holdings or over $250 billion in US debt.

China has not slowed its pace of offloading US Treasuries and this becomes a problem as the debt crisis will come to a head when there is simply no one willing or able to buy US government debt. The Fed desperately needed China’s participation as its plan was to roll over its debts perpetually. They simply cannot pay off $34+ trillion and counting. Japan and the UK cannot compensate for the loss of Chinese purchases.