The falling value of Treasuries would lead to a drop in Japan and China’s foreign reserves. “Japan and China’s large Treasury holdings could hurt them if the value of Treasuries plummets,” said Josh Lipsky and Phillip Meng, analysts from the Atlantic Council’s GeoEconomics Center. Al Drago/Bloomberg/Getty ImagesĪmerica's borrowing is its superpower. The US Treasury building in Washington, DC, US, on Monday, March 13, 2023. Tokyo now holds $1.1 trillion, to China’s $870 billion, and that heavy exposure means both countries are vulnerable to a potential crash in the value of US Treasuries if the doomsday scenario for Washington were to unfold. But an escalation of tensions with the Trump administration in 2019 saw Beijing pare back its holdings, and Japan surpassed China as the top creditor that year. US Treasury bonds are widely regarded as one of the safest investments on Earth, and China’s holdings of US government debt ballooned from $101 billion to peak at $1.3 trillion in 2013.Ĭhina was the largest foreign creditor to the United States for more than a decade. That generated vast amounts of dollars for China and it needed a safe place to stash them. Together they own $2 trillion - more than a quarter - of the $7.6 trillion in US Treasury securities held by foreign countries.īeijing started to ramp up buying of US Treasuries in 2000, when the United States effectively endorsed China’s entry into the World Trade Organization, triggering an export boom. Sprague and the school’s cheerleading coach also did not return messages seeking additional comment.As the clock ticks down toward an unprecedented US debt default, the world’s second- and third-biggest economies are watching in fear.Ĭhina and Japan are the largest foreign investors in American government debt.

Officials at Clayton Valley Charter High School - home of the Ugly Eagles - did not have an immediate comment when reached Monday morning by The Post. Other students at the scene reacted wildly after the melee, including one who spoke directly to the camera and said he loved “watching rumbles.” “Break it up, break that s–t up,” one person says off-camera as the girls collect themselves after the fight. At one point, Sprague is seen on top of the other girl, pummeling her with vicious, repetitive, closed-fist blows to her back and face. Seconds later, the unidentified girl slapped Sprague in the face, sparking a brutal fight in which Sprague got the best of her antagonistic counterpart. “Don’t f–king touch me,” Sprague replies. “What are you going to do?” the unidentified girl says. Sprague then told the girl standing over her to get her finger out of her face, quickly escalating tensions as several witnesses looked on. Nobody speaks on you guys, nobody talks about you guys.” “No, nobody wants to fight,” Sprague replies. “Do you want to fight?” the girl tells Sprague, according to the 92-second clip. The footage, posted early Saturday, purportedly shows Savannah Sprague, a cheerleader for Clayton Valley Charter High School, brutally beating an unidentified girl who had just challenged her to a fight as the cheerleader sat at a table in Concord while surrounded by other youngsters, some still holding their backpacks. So my little sister got in a fight tonight and i don’t think i’ve ever been more proud 😂😂 with her phone in her hand & everything lmao THATS MY MF SISTER LETS GOOOOOOO /8Bpxc30d0ZĪ pint-size cheerleader in California pummeled another girl who challenged her to a fight while still in her uniform, a dramatic video shows.

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