China needs U.S. dollars but is building a hedge against Washington’s sanctions

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BEIJING The U.S. is threatening to cut businesses that help Iran evade sanctions off from the American financial system. It puts China's banks in an uncomfortable position: Beijing can reject the demands, but its biggest lenders still have strong incentives to preserve access to U.S. dollars. U.S. Treasury Secretary Scott Bessent announced on Monday that any entity facilitating "money laundering or sanctions evasion on behalf of Iran risks being cut off from the U.S. financial system." It was part of the "economic D-Day" against Iran announced by U.S. President Donald Trump . When asked specifically about Chinese banks, Bessent said, "If they facilitate transactions and are part of the ecosystem that turns Iranian oil into money, into repression, they will be targeted ." China said Tuesday it would "take all necessary measures" to protect itself. "China has made clear on many occasions its firm opposition to illicit unilateral sanctions...

‘Don’t be a loser’: Robert Kiyosaki sounds alarm on $40T US debtload — warns owners of this ‘fake asset’ will get poorer

Don’t be a loser’: Robert Kiyosaki sounds alarm on $40T US debtload warns owners of this fake asset’ will get poorer Jing Pan Tue, August 25, 2026 at 3:55 AM PDT 9 min read Photo by Gage Skidmore / Wikimedia Commons Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Robert Kiyosaki has never been shy about issuing dire financial warnings. But with America's national debt reaching a staggering new milestone, the Rich Dad Poor Dad author is turning up the volume. "$40 TRILLION US NATIONAL [debt] soon!!" Kiyosaki wrote (1) on X. "What are you doing about it?" Must Read Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 6 ways to build wealth like a landlord without actually being one JPMorgan sees gold hitting $5,000/oz by Q4 and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes The warning proved timely. America's national debt has now crossed the $40 trillion threshold, according to data from the U.S. Department of the Treasury's Debt to the Penny (2) database. Kiyosaki believes the country's growing debt burden will ultimately punish people who depend heavily on cash. "Remember: Savers of cash are the BIGGEST LOSERS!!!!" he declared. Days later, Kiyosaki doubled down after the Treasury (3) announced it would at least double the size of certain buyback operations involving longer-dated government debt, raising them from $2 billion to at least $4 billion per operation. "PRINTING MORE FAKE $," Kiyosaki wrote (4), characterizing the Treasury's move as "another round of quantitative easing." He argued that the policy would weaken the U.S. Dollar Index and cause inflation to accelerate leaving "savers of fake $" as "the biggest losers." "Don't be a loser," he warned. However, it's important to distinguish Kiyosaki's characterization from what the Treasury actually announced. These are liquidity-support buybacks intended to improve trading conditions in portions of the Treasury market. They're not technically the same as quantitative easing, which is conducted by the Federal Reserve and expands the Fed's balance sheet. Still, Kiyosaki's broader concern is easy to understand, especially given how steadily inflation has eroded the dollar's purchasing power over time. According to the Inflation Calculator (5) on the Federal Reserve Bank of Minneapolis website, $100 in 2026 has the same purchasing power as just $11.74 did in 1970. That's right. $100 became less than $12. So, what does Kiyosaki prefer instead? "Educated investors who invest in assets that go up in value, such as gold, silver, Bitcoin, some real estate, get richer while people who are financially uneducated and invest in fake assets get poorer," he wrote. Story Continues Let's take a closer look at his "get richer" assets. Precious metals Kiyosaki has never been shy about his love for gold and silver and in...

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