Well, fellow robocabicals, hope you're well.

So China makes a big announcement about U.S. treasuries.

They are asking their banks to stop buying U.S. treasuries or to limit their exposure.

So what does this mean?

Does this mean interest rates?

The long end of the curve are we're going to skyrocket.

And the Fed is going to have to come in and do yield curve control because the entire world is starting to dump U.S.

Treasuries. We're going to get into that right now in this video. Let me do a screen share.

And we are going to shoot over to Zero Hedge where here you go.

The title, China tells banks to limit exposure to U.S. Treasuries, but to sum, this is hardly an issue at all.

And what they mean by some is some interesting banks in Europe.

More on that in just a moment.

Let's dive into the juicy details here.

Treasury's yields hit session highs shortly after midnight.

Session highs.

Okay.

But let's actually, before we get into this, let's pump the brakes.

Let's go to the 10-year treasury yield.

Look at a chart.

Here's a one-year chart.

So the mainstream narrative, and the narrative you hear on social media,

the narrative that you hear with gold bugs and bitcoins and yadda yada, yada, yada,

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