Now everyone is dumping US government bonds

Inside China Business | April 3, 2026

Foreign central banks and institution are selling off their holdings of US Treasury bonds. The war against Iran is driving bondholders to dump US government debt at a record pace, and foreign Treasury holdings at the NY Fed are at the lowest level in nearly fifteen years. The heavy liquidations are driving bond yields in the United States higher, and borrowing costs for government, and American households and businesses, are spiking higher. 

Resources and links:

Foreign Central Banks Cut New York Fed Treasury Holdings To 2012 Lows https://finimize.com/content/foreign-…

China is dumping US treasuries and buying Gold https://www.fxstreet.com/analysis/chi…

Foreign central banks sell US Treasuries amid war in Iran https://ft.pressreader.com/1389/20260…

China’s Years-Long Retreat From US Treasuries Flags Bigger Risks https://www.bloomberg.com/news/articl…

Chinese Bonds Are Appealing as Reserve Assets, Gavekal Says https://www.bloomberg.com/news/articl…

China surpasses $1 trillion trade surplus despite Trump tariffs https://businessreport.co.za/business…

Lesson 3 (above). Balance of Payments — Why Current and Capital Accounts Net Out. https://www.aei.org/carpe-diem/khan-a…

Iran warns of radioactive catastrophe in Gulf region after 4th attack on Bushehr nuclear plant

Iran’s FM says any radioactive fallout from attacks on Bushehr nuclear plant will end life in the region.

Press TV

Iranian Foreign Minister Abbas Araghchi has warned that recurrent attacks targeting the country’s only nuclear power plant as part of the ongoing US-Israeli aggression could lead to a huge radiological catastrophe in the region.

Araghchi said in a Saturday post on his X account that a renewed attack earlier in the day on the Bushehr nuclear power plant, located on the Persian Gulf coast in southwest Iran, could lead to a radioactive fallout endangering life in the entire region.

The foreign minister criticized the silence and inaction of Western governments in condemning the highly dangerous attacks on Iran’s nuclear facilities as he drew a parallel between a similar alleged attack by Russia on a major Ukrainian nuclear power plant in early 2022.

”Remember the Western outrage about hostilities near Zaporizhzhia Nuclear Power Plant in Ukraine? … Israel-U.S. have bombed our Bushehr plant four times now. Radioactive fallout will end life in GCC capitals, not Tehran,” he said, making a reference to member states of the (Persian) Gulf Cooperation Council.

Araghchi further criticized US-Israeli attacks on Iran’s civilian and non-military infrastructure, including attacks earlier on Saturday on the country’s petrochemical facilities.

He said such attacks expose the real nature of the US-Israeli aggression on Iran and the fact that it is aimed at weakening Iran’s economic and civilian capabilities as a developing country.

“Attacks on our petrochemicals also convey real objectives,” said the top diplomat.

The comments come as the United States and Israel continue to launch air strikes on Iran’s economic facilities, including on bridges, steel mills and other factories, as part of an aggression that began in late February.

Iran has responded fiercely to the attacks by hitting US-related targets in the Persian Gulf and West Asia region as well as areas in the Israeli-occupied territories.

Iran has also tightened its restrictions on the flow of energy through the Strait of Hormuz, causing international oil prices to hit record highs.

Iranian authorities have indicated the measures will continue until the aggressors are fully punished.

[…]

India Makes First Iranian Oil Purchase in Seven Years

—❗️🇮🇷/🇮🇳 BREAKING: India has made its first purchase of Iranian oil in over 7 years

India cited that it can no longer rely upon oil from Arab states due to the blockade of the Strait of Hormuz.

Via https://t.me/Middle_East_Spectator/30225

Hegseth’s Pentagon Purge Designed to Prevent Mutiny

US Defense Secretary Pete Hegseth speaks during a news conference at the Pentagon in Washington, Sunday, June 22, 2025. - Sputnik International, 1920, 03.04.2026

Sputnik

The secretary of war’s dismissal of Army Chief of Staff General Randy George and two other top generals signals intensifying rot in the Department amid the Iran war, former senior DOD insider-turned whistleblower Karen Kwiatkowski says.

General George represented “experience in Army battlefield operations,” while general David Hodne and major general William Greene Jr had “their pulse on the readiness, and more importantly the attitudes and thinking,” of younger soldiers, Kwiatkowski told Sputnik.

They see the Iran conflict as an “illegal and unneeded war,” driven by politics, ego and a foreign power (Israel), and understand “the real damage inflicted on US forces and installations” in the Middle East over the past month, the retired Air Force Lt. Col. added.

Hegseth’s “poor leadership skills,” disrespect for service members, and “religious invocations for slaughter,” have earned him “several degrees of contempt,” and Kwiatkowski suspects that sentiments of “no confidence and dislike” are “roiling throughout the ranks.”

“The reasons for the purges are Hegseth’s fear of organizational and political dissent of the leadership of the military,” stemming from “endless needless wars compounded by command mistakes” by recent administrations, from Covid vax mandates to the Iran crisis.

If this affects even 10-20% of the military, that’s a serious problem and the Pentagon will no longer have a fighting force it can rely on, no matter how many “yes men generals” are tapped to replace those who have been ousted, Kwiatkowski fears.

“Hegseth and the generals recognize there is no trust up or down the chain of command. Hegseth believes he can command that trust through sycophants; the generals very likely prefer a more structural approach of more and better training, and better civilian leadership… which is impossible at this time,” she summed up.

[…]

Via https://sputnikglobe.com/20260403/hegseths-pentagon-purge-designed-to-prevent-a-mutiny-karen-kwiatkowski-1123939003.html

US deportations to Uganda denounced as ‘undignified and dehumanizing’

US deportations to African state denounced as ‘undignified and dehumanizing’

Migrants attempting to cross into the US from Mexico are detained by US Customs and Border Protection in Jacumba Hot Springs, California, November 28, 2023. ©  Nick Ut/Getty Images

RT

A group of 12 people deported from the US under a controversial third-country arrangement has arrived in Uganda, an association of lawyers in the East African nation has said, denouncing the transfer as unlawful and dehumanizing.

The Uganda Law Society said the deportees were flown in on a private charter aircraft, scheduled to land at Entebbe International Airport, about 40 km southwest of Kampala, on Thursday.

The lawyers described the move as “an advanced plot to forcibly remove… and effectively dump” migrants in Uganda “through an undignified, harrowing and dehumanizing process that has reduced them into little more than chattel.”

The transfer is the first under an agreement Kampala signed with Washington last August to accept some third-country nationals deported from the US. The government said it would not take people with criminal records or unaccompanied minors and would give preference to people of African origin.

The US Embassy in Kampala has reportedly confirmed the removals, but did not disclose the deportees’ identities or nationalities. Yasmeen Hibrawi, a public affairs counsellor at the embassy said all deportations “are in full cooperation with the government of Uganda,” Reuters reported.

“We do not, however, discuss the details of our private diplomatic communications and for privacy reasons, we cannot discuss the particulars to their cases,” Hibrawi stated.

However, the Uganda Law Society claims that “none of the mandated institutions,” including the Directorate of Citizenship and Immigration Control, parliament, and the Foreign Ministry, has been involved in the transfer.

The administration of US President Donald Trump has pursued third-country resettlement agreements to deport asylum seekers as part of a wider crackdown on illegal immigration.

Other African countries that have accepted or agreed to host deportees include Eswatini, Ghana, Rwanda, Cameroon, Equatorial Guinea, and South Sudan. Eswatini has confirmed receiving $5.1 million from Washington under the deal and has taken in at least 19 people since last July.

It remains unclear whether Uganda is being paid to accept deportees.

The policy has drawn widespread criticism, including from the African Union’s human rights body, over its secrecy and the treatment of those transferred. The Uganda Law Society said it has approached courts, seeking orders to halt what it called a “patent international illegality.”

[…]

Via https://www.rt.com/africa/637168-us-deports-first-grroup-third-country-migrants-uganda/

Tucker Carlson: Iran war is ‘end of American empire’

Iran war is ‘the end of American empire’ – Tucker Carlson

RT

The Iran war has ushered in the “end of American Empire”, conservative host Tucker Carlson has argued, suggesting that US President Donald Trump’s call for allies to secure the Strait of Hormuz proved that Washington could no longer function as the world’s policeman.

Speaking on his podcast on Thursday, Carlson commented on Trump’s remarks in which the president threatened to bomb Iran into the “stone age” without providing an exact timeline for a ceasefire while urging other countries to “take the lead” in unblocking the Strait of Hormuz – a strategic chokepoint which accounts for around 20% of global oil trade.

Washington’s NATO allies, however, have been reluctant to step in following US-Israeli strikes on Iran.

Carlson argued that “the nation that forces the peace is the nation in charge,” adding that “the country that forces order on the Persian Gulf, that opens the Strait of Hormuz, is the nation that runs the world by definition.”

For decades since WWII, the nation capable of maintaining order was assumed to be the US, but the Hormuz crisis has shown it’s no longer the case, the journalist continued. “We can’t open the Straits of Hormuz,” Carlson said. “The President of the United States said that last night – someone else do it. So we’re done.”

He argued that even if the US were to completely destroy Iran as a cohesive nation, the remaining warlords would have no difficulties in disrupting the maritime route by laying mines, using cheap drones, or even just by threatening to do so, meaning that the hostilities would have to end in a diplomatic settlement with Tehran sooner or later.

”What’s happening in Iran is the end of American empire as we understand it. And that’s sad. Empire’s dying. But it’s not the end of the United States,” he added.

Carlson acknowledged that the transition would bring “a lot of suffering and sadness,” but noted that it also carried the promise of a US that could turn its attention to the Western hemisphere, also rich in resources and vital for America’s stability, without the need to occupy “countries you’ve never been to.”

Carlson, generally supportive of Trump, has been a vocal critic of US-Israeli strikes on Iran, prompting the US president to claim that the journalist “has lost his way” and is not really part of the MAGA movement.

[…]

Via https://www.rt.com/news/637177-iran-war-end-american-empire/

US/Israel Bombs Kuwaiti Power/Desalination Plant

Smoke rises from an area of Kuwait’s international airport after a reported drone strike on April 1, 2026. (Photo by AFP)

Press TV

Tehran has long warned of US- and Israeli false flag operations to draw regional states into the war.

On Friday, Kuwait said that an electricity generation and water desalination plant came under attack. The country’s Ministry of Electricity, Water and Renewable Energy accused Iran of attacking the facilities.

In its statement, the IRGC’s Public Relations Office condemned the attack as an “inhumane act,” carried out by the aggressors.

It said that the “unconventional and illegitimate attack” by the US-Israeli aggressors on Kuwait’s energy and civilian infrastructures is a sign of their “depravity and baseness.”

The IRGC also urged regional countries to “remain vigilant” about attempts by the United States and Israel to destabilize and destroy West Asia.

The IRGC has once again warned that the US military bases and personnel in the region, as well as the military and security sites in the Israeli-occupied territories, are the targets of its powerful retaliatory attacks.

Since Israel and the US launched their illegal war against Iran on February 28, the country’s civilian infrastructure has repeatedly been targeted in flagrant violation of international law.

In response to the aggression, Iran’s Armed Forces have carried out daily missile and drone attacks on American assets and bases in the region. Israeli-occupied territories have also been the target of Iran’s powerful drone and missile strikes.

Meanwhile, Tehran has consistently said that neighboring countries are friendly and brotherly nations, urging Arab Persian Gulf countries to expel US forces from the region.

The strike on Kuwait’s power and desalination plant, which it did not name, came hours after the country’s al-Ahmadi oil refinery was targeted.

Local media reported that the attack caused fires in a “number of operational units,” and that no employees were injured.

According to reports, this was the third time the refinery has been hit, and people across the country are on “high alert.”

[…]

Via https://www.presstv.ir/Detail/2026/04/03/766264/IRGC-says-US,-Israel-responsible-for-attack-on-Kuwait%E2%80%99s-power-and-desalination-plant,-urges-vigilance

Who’s Behind the Mysterious ‘Iran-Backed Terror Cell’ Haunting Europe?

Claims that an Iran-backed group is carrying out attacks in European cities raise questions about why they’re not targeting countries directly involved in the US-Israeli war, and why they appear to communicate like Israelis. Strangely, suspects arrested in the attacks have been released on bail.

A specter is haunting Europe – the specter of Ashab al-Yamin. Officially known as “Harakat Ashab al-Yamin al-Islamia (HAYI),” or the “Islamic Movement of the Companions of the Right,” the group mysteriously appeared in early March, and, according to mainstream media, it’s taking the continent by storm.

But a closer look at the supposedly Iran-backed terror organization suggests that it does not exist in any concrete form, and may be a confection of Israeli intelligence.

Though the nebulous HAYI claimed credit for torching ambulances belonging to a Jewish community organization in London on March 23, two suspects in the attack have been released on bail, and are not charged with any terror-related crimes. What’s more, London Metropolitan Police have so far refused to release the men’s names, raising questions about their identities. Were they even Muslim?

HAYI’s first public mention in the West came on March 9, when the previously non-existent organization released a video showing an explosive device detonating outside a synagogue in Liege, Belgium, alongside a statement taking credit for the attack. Within hours, the group had somehow been identified by the “SITE Intelligence Group,” an Israeli-led private intelligence firm founded in the aftermath of Sept. 11 to cash in on the newly-minted Global War on Terror.

The materials HAYI published were promptly circulated on social media by Joe Truzman, a self-described “Senior Research analyst examining Palestinian armed groups and Iranian proxy organizations” at the Foundation for the Defense of Democracies (FDD), a neoconservative DC-based think tank founded in 2001 with the stated goal of working to “enhance Israel’s image.” As The Grayzone reported, the Trump White House plagiarized its public justification for attacking Iran word-for-word from an FDD paper.

Though Truzman declined to state where he’d found the materials, he wrote that “Telegram channels linked to the Axis of Resistance… widely disseminated the publications,” using a reference to a variety of resistance factions sympathetic to Iran and Palestine throughout the greater Middle East. The group he linked to, a popular Telegram channel called Sabereen News, made it clear they were reposting the video, which they said was the work of a group calling themselves “the companions.”

Almost immediately, Truzman began asserting that these “companions” were all but guaranteed to be a Tehran-linked cutout. For starters, he told British media, “their logo with the wording is a sign of a classic Iranian front organization.” And Iran had already threatened to carry out just such a wave of attacks, Truzman claimed. After all, he wrote, “On March 8, Majid Takht-Ravanchi, Iran’s deputy-foreign minister, warned that if a European country joined the US and Israel in the current war against the Islamic Republic, it would be a ‘legitimate’ target ‘for Iranian retaliation.’”

Over the next two weeks, the shadowy group would go on to take credit for burning a vehicle in a Jewish neighborhood in Antwerp, arson at a synagogue in Rotterdam, explosions near a Jewish school and financial office building in Amsterdam, firebombing Jewish-dedicated ambulances in London, and an unspecified attack in Greece.

So far, the only media outlet to have interviewed a member of HAYI is CBS News, which was recently purchased by David Ellison, the ultra-Zionist billionaire son of the largest individual donor to Israel’s military, Larry Ellison, who happens to be a close friend of Israeli Prime Minister Benjamin Netanyahu. Bari Weiss, the editor-in-chief installed by Ellison at CBS, is a self-described “Zionist fanatic.”

Perfectly timed to set off another wave of security state theatrics and hysteria over rising antisemitism and Iranian infiltration, Israeli assets leaped on the narrative that a trans-continental IRGC sleeper cell had been unleashed upon the Old World. Yossi Kuperwasser, the former head of the IDF’s intelligence research division, was quoted in one British outlet as confirming that Iran “has dormant cells that could try and carry out terror attacks.” He added, “they are probably working to wake them up now.”

For those with their critical faculties still intact, the strange wave of attacks raised red flags – and acute suspicions of false flags.

Cui bono?

Among the oddest qualities of the attacks supposedly carried out by HAYI were the targets. The countries in which the attacks occurred did not correspond with those Iran would likely single out for retaliation.

Belgium, the second-most targeted country, has explicitly and repeatedly ruled out joining the US-Israeli war, which it describes as contrary to international law. Most of the strange explosions have been concentrated in the Netherlands, which sent a single frigate to the eastern Mediterranean. However, its involvement pales in comparison to a country like France, which has not been hit by HAYI once despite sending an aircraft carrier and several other military assets.

Strikes by Iran on these countries would therefore serve little political purpose. After all, if the attackers hoped to deter states from further involvement in the war, they would likely focus on the leading European participants, such as France, Britain, and Italy. Yet just one of those countries has experienced a purported HAYI attack, and only on a single occasion.

The actions by various European police agencies do not match up with the details of the alleged crimes, either. Following an attack on Hatzalah Jewish charity ambulances in London on March 23, police simply allowed the perpetrators to walk free on bail, demonstrating a level of leniency unlikely to be extended to a suspected Iranian spy. For Hatzalah, the incident was a blessing in disguise; the British government has since pledged to replace their damaged ambulances with four brand-new vehicles for free, and the organization has already exploited the situation to rake in over 2 million pounds in donations.

At the time of publication, London Metropolitan Police have yet to release the names of the two suspects in the attack, and the British press has seemingly moved on from the incident.

On the same evening as the ambulance attack in London, two minors were arrested for burning a car in Antwerp, Belgium. Though the crime occurred in a Jewish neighborhood, the victim was reported to be a Moroccan woman named Fatia. Her vehicle, she told a Belgian outlet, had been the subject of a smash-and-grab by vandals who wanted the jewels she’d been keeping in the car.

“Whether they were actually targeting Jewish people doesn’t matter,” she stated.

For many experts, HAYI’s written messages raised serious questions as well. As a Dutch professor who specializes in transnational militant Shiite groups told a national outlet, “The fact that this group clearly cannot read or write Arabic fluently like a native speaker means that I do not entirely regard them as a seriously organized radicalized sleeper cell.”

In the group’s materials, the logo changes significantly from one message to another, strongly suggesting they were hastily created with AI. The communiques also contain highly questionable language, beginning with a March 20th statement which referenced the “nation of Israel.” A post several days later claiming credit for burning ambulances in London referred four times in English and Arabic to “Israel” or “the Land of Israel.” The Hebrew translation of the statement raised even more questions, as it referred to a rabbi’s move to the country as “making aliyah to the Land of Israel” – a phrase employed almost exclusively by Zionists.

Official Iranian broadcasts, like those of virtually every Islamic resistance group on the planet, generally refrain from using such language, which they view as legitimizing the apartheid state, and they tend to prefer terms like “Zionist regime” and “occupied Palestine” instead. The language used in the communique by the supposed Iran-linked group is far more characteristic of Israeli speech patterns.

From Iraq to Australia, Israel’s dark record raises questions

There is, of course, an alternative explanation for why someone would want to carry out a series of low-impact, relatively harmless bombings of Jewish sites. The same strategy was allegedly employed by Zionist spies in Iraq in the early 1950s following Israel’s creation, when at least five bombings targeting Jewish locations were carried out. Israeli historian Avi Shlaim later uncovered extensive evidence that Israeli intelligence perpetrated a majority of the attacks in an effort to encourage a Jewish exodus to Israel.

Yaakov Karkoukli, a member of the Iraqi Zionist underground who worked closely with convicted Israeli spy Yusef Basri at the time, told Shlaim that this was a deliberate strategy “to terrorize and not to kill” Jews in the region and force their resettlement.

If that was the case, the strategy worked to perfection. Within several years, over 95% of Iraq’s Jews had migrated.

The pattern appears to have continued in the decades since. Other observers have drawn attention to bizarre incidents like the 1994 car bombing of the Israeli embassy in London, which left twenty people injured with mostly minor wounds. In the aftermath, it became clear that the main organizer, a man going by the name of “Reda Moghrabi,” had vanished. In his place, two Palestinian academics who were active in local solidarity movements, Samar Alami and Jawad Botmeh, were ultimately convicted of conspiring to bomb the embassy – despite being nowhere near the embassy at the time of detonation, and despite the Israeli embassy camera nearby mysteriously malfunctioning that day. Both later concluded that “Moghrabi” was likely a Mossad agent operating under an alias.

Years later, MI5 whistleblower Annie Machon openly stated that the 1994 bombing was a “false flag attack” by Israel. Speaking to an interviewer, Machon noted that the senior MI5 agent in charge of the agency’s investigation concluded that “Mossad… had bombed their own embassy.”

The senior MI5 “said that [Israel] did it for two reasons,” Machon explained. Primarily, she said, Israeli officials “were always hassling MI5 for increased security around their embassy and other interests in London, because London had a reputation of giving safe haven to Arab dissidents from around the world at that point.”

But “MI5 kept saying, ‘well, there’s no reason to increase the threat assessment. You don’t need extra protection.’ So, letting off a controlled explosion outside, of course, they immediately got what they wanted there.”

Secondly, Machon explained, “two innocent Palestinians were arrested, charged, and convicted of conspiracy to cause that attack. And they were very active in a Palestinian support network in London,” which had been involved in “campaigning for people in the West Bank and the Gaza Strip,” who were “gaining quote a lot of support” in Britain. “By arresting these people and framing them for an attack, and sticking them in prison, the whole network just shattered and hasn’t got back on its feet to this day.”

“So that would be a clear political advantage for Mossad to have achieved in London, by framing these innocent people for an attack which was carried out by Mossad.”

[…]

Via https://libya360.wordpress.com/2026/04/02/whos-behind-the-mysterious-iran-backed-terror-cell-haunting-europe/