What Just Happened? BRICS Nations Cut $28.8 Billion in U.S. Treasuries According to a report from ING (a trillion-dollar bank, mind you—not a Reddit doomcaster), several BRICS nations have trimmed their exposure to U.S. government debt: China sold $11.8 billion India sold $12 billion Brazil sold $5 billion That’s a total of $28.8 billion in just one month—October 2025—casually framed by ING as a "continuing fall of Treasury holdings." Some of this, ING claims, is “geopolitical.” Some is “supporting the rupee.” But the through-line is unmistakable: they're backing away from U.S. paper. Is This a Crisis in the Making? Let’s not jump the gun—but let’s not fall asleep, either. Yes, $28.8 billion is a drop in the ocean compared to…
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