this post was submitted on 06 Jan 2026
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Canada

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The US has a debt crisis that will lead to its collapse. Instead of "elbows up" posture, the bank of Canada and our institutions have taken a face down pig hag approach to helping US sustainability.

Bank of Canada holdings table

Date (2025) 	Total US Dollar Reserves (Millions USD)
January	$63,392
February	$64,811
March	$69,814
April	$65,534
May	$65,534
June	$67,175
July	$67,389
August	$67,485
September	$69,083
October	Data unavailable
November	$70,036

Any purchase of US debt is defacto approval of US policy, and Canadian government definitely has direct control over bank of Canada, but can also pressure/influence Canadian institutions to not support US sustainability if it means that they annex Canada before their collapse.

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[–] discocactus@lemmy.world 8 points 2 months ago

Not just approval of policy, investment in the success of said policy.