Geopolitics & Empire Eric Yeung: The Dollar, Gold, Bitcoin, & China’s Bright Future
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May 23, 2025 
Eric Yeung, a seasoned businessman and commentator with experience across North America and China, dives into the shifting global economy. He discusses the U.S.'s mounting debt and the rise of alternative currencies, emphasizing gold as a critical asset amid these changes. Yeung also analyzes the strategic role of China in global finance, including its electric vehicle revolution and plans for gold-backed RMB trading. Additionally, he sheds light on China's controversial social credit system, sparking debate about technology and individual freedom.
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Unsustainable U.S. Debt Crisis
- The U.S. national debt is unsustainable, nearing $37 trillion with annual interest payments above $1 trillion.
- Declining foreign holdings of U.S. Treasury bonds, especially by China, create a perfect storm affecting debt financing.
U.S. Decline Not Collapse
- Eric Yeung expects a hard landing for the U.S., not a catastrophic collapse like Mad Max scenarios.
- He believes America will remain a superpower but will get 'taken down a notch.'
Dollar Depends on Treasury Market
- The U.S. dollar's value depends on a functioning U.S. Treasury market.
- The government may have to restart quantitative easing, weakening the dollar but avoiding default.