US banks led by Goldman Sachs have borrowed a record Rmb47.5 billion in offshore renminbi debt so far in 2026, with Goldman accounting for the majority of self-led issuance, the Financial Times reported this morning.
Deutsche Bank placed the largest single panda bond ever issued by a foreign bank in March 2026 at Rmb5.5 billion
It’s like Brexit with the exception, that most citizen of the core country of The Great US Empire don’t really profit from the absurd benefits that come with being the defacto ruler of the world. They never got full state healthcare anyway. They never got a real social security net. All the profits were hoovered up by the military industrial complex and the Epstein billionaire club anyway. For the majority of the people, losing the world leader status might actually be a neutral change. They can’t lose what they never had.
No, it won’t be. The rich and powerful of this country not being able to so easily exploit global markets will cause them to squeeze us more. They will pass all their losses onto us.