EU and Canada DUMP US Bonds - Trump BEGS, IMF Sounds ALARM, EU DUMPS Visa & Mastercard

YouTube · Watch/Read · (gathered 2026-10-18)

• El argues that America’s allies are “decoupling” from its financial system and influence, driven by US policies (like Trump’s stance on debt and inflation) and a global bond market sell-off, leading to a world less reliant on the US dollar and its financial infrastructure.
• President Trump’s suggestion that “certain levels of inflation will also pay off the debt very rapidly” is framed as a form of “default” by economists like Ken Rogoff, where lenders are repaid in cheaper dollars, eroding the “US Treasury safety premium” as warned by the IMF.
• The US 10-year yield hit 5.34% (highest since 2002), triggering a global bond sell-off with UK 30-year yields above 6% and French 10-year yields at 2002 highs, leading to higher American mortgage rates (7.58% for 30-year) and a slowing job market (29,000 jobs in September vs. 84,000 expected).
• In response, Canada and the EU are drafting a “sweeping new partnership” (including a joint order for 50 de Havilland firefighting planes), Canada is pursuing closer ties with Turkey, and five major European payment apps are teaming up to create a European Network for Payments (ENP) to reduce reliance on American card networks.
• The practical takeaway is that the global financial landscape is shifting, with rising borrowing costs and a potential erosion of trust in US debt, prompting allies to build independent financial and trade infrastructures, signaling a future where they “need fewer of those dollars in the first place.”