China, a key player in the BRICS alliance, has just pulled off an unprecedented sell-off of US treasuries and agency debt bonds: dumping a staggering $53.3 billion. This is the largest sell-off China has ever executed, and it all went down in the first quarter of 2024. At the same time, the US dollar took a hit, sinking to a one-month low of 104.20. This financial maneuver clearly signals that the global economy is undergoing a significant power shift. Needless to say, it’s a global trend that Americans shouldn’t ignore.