HOLY! Russia Seizes EU Bank Assets as China Sells Off 42% of US Treasuries

HOLY! Russia Seizes EU Bank Assets as China Sells Off 42% of US Treasuries
The financial asset grab isn't over yet. As the US plans to confiscate all of Russia's frozen reserves, Moscow has hit back by seizing $2 billion of EU bank assets. Meanwhile, China's holdings of US debt have dropped by a historic 42 percent. Here's why this matters a lot.