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With the trade war in full swing and the USA attacking many of its trading partners over perceived unfairness in trade relationships, what would happen if Brazil dumped its considerable holding of Treasuries into the secondary market or chose not to buy any more Treasuries and let the remainder roll off into cash?
A knowledge of reserve banking shows that this would have little to no effect on anything other than market sentiment.
You could do the same thing to punish your bank by moving your savings to your checking account, and it would have