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TIC Data Summary: Russian Treasury Holdings Tumble; China, Japan Add
The Treasury released its May Treasury International Capital data today, which confirms recent trends: while China, both domestically and through the UK, and Japan both added to their gross exposure of US debt in May, Russia's holdings continued to tumble in line with warnings out of Moscow discussed previously and with the continued Kremlin rotation out of Treasurys and into gold. And while Putin has obviously had enough with shenanigans in the US, the same can not be said for his posturing colleagues in China (and Japan) who at least two months ago, brought their holdings of US to 2011 (and record) highs of $1159.8MM and $912.4MM respectively. So much for China dumping bonds. Another source of Treasury demand: petrodollars, which saw their UST holdings in May hit an all time high of $229.8 billion. Overall, gross purchases of Long-Term US securities by official and private foreign buyers declined modestly to $44.6 billion from $44.8 billion. Netting out foreign securities purchased of $21 billion, yields net flows of $23.6 billion on expectations of $40 billion, or in other words May saw a modestly lower inflationary impact due to an influx in foreign capital in the US economy. Also when netting out US purchases of foreign securities as well as changes in bank dollar-denominated liabilities the net number was -$67.5 billion.
Foreign holdings of US bonds by top 4 holders.
But...just Russia, which instead ended up converting $10 billion of USTs into 22 tons of gold in May and generating a massively higher return. That wily old Putin...
Monthly breakdown by gross foreigner asset class purchase and disposition. Notable is that while foreigers sold the most in Agencies ($8.2 billion) since September 2010, they bought the most Corporate bonds ($5.6 billion) since August 2010.
Source: TIC
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Amazing what a little bit of revolution can accomplish. Uncle Sam runs a helluva protection racket over those KSA princes, but sometimes they need to be reminded who and what we are protecting them from (their own subjects).
PS:
Watch this video: http://www.ted.com/talks/sam_richards_a_radical_experiment_in_empathy.html
I cannot get enough of that site. Why watch T.V. anymore when you have access to information like that?
TED == NWO TV. It's TV for pseudo-intellectual TV rebels.
easy, i resemble that remark...
Don't get me wrong, the technology talks at TED are top notch. Just don't ever forget the geopolitical motivation behind TED.
No doubt in my mind. Appreciate the heads up though.
So if one hears the lecture live, then one is a pseudo-intellectual conference room rebel?
I guess it beats being a consumer.
If you're at a TED conference, it makes you a pseudo-intellectual consumer with too much money in your pocket. Unless you're part of the NWO racket, in which case you're a pseudo-intellectual circle-jerker.
You're totally harshin my hipster mellow, man.
TEDTalks sponsors include Johnson & Johnson, Goldman Sachs, IBM, and Microsoft. It definitely is brought to us by the NWO. A bunch of intellectuals trying to lead people off a cliff. Why people think they can come into ZH and fool the masses is beyond me...Nice try TED trolls.
http://www.ted.com/pages/about
Holy shit! There is a Merril Lynch ad on ZeroHedge right now. NWO! NWO! NWO!
Do either of you have anything to say about the CONTENT of this lecture by Sam Richards? Have you even watched it?
There is a Merril Lynch ad on ZeroHedge right now. NWO! NWO! NWO!
You should watch more porn. You'll get better advertisements.
Empathy isn't my thing.
They are busy burning their clothes, hacking Internet servers to delete their "Internet persona", selling their houses and moving to live on the mountains on canned beans, since now the NWO is all over Zero Hedge.
Well I guess more bytes for us at Zero Hedge.
The ads on ZH are from an agency that bases it off the cookies on your computer and vary user to user. In fact, I wouldn't be surprised if you have an ad up from bigdongs.com right now.
Go be a government troll elsewhere.
HH posted a link to a video promoting empathy for others, and you accuse him of being a government troll! You are not making much sense dude.
Troll definition: http://en.wikipedia.org/wiki/Troll_(Internet)
Futhermore, the video was against mass killing for the purposed of enriching the already mega-rich, and you think the a "government troll" would want you to think about that? I would kindly suggest you think a bit more before letting your emotions write for you.
Sorry HH, but you won't find what you are looking for at ZH.
East Asians "gotta" keep their currencies "cheap" via trade dollar sterilization. Russia trades with Europe mostly, so they can diversify out of Treasuries.
http://www.news.com.au/breaking-news/world/missile-warheads-stolen-from-...
64 missile warheads stolen from trainhttp://www.presstv.ir/detail/189568.html
Hezbollah warns Israel over gas fields
http://www.presstv.ir/detail/189612.html
Iran to send fleet to Atlantic Ocean
http://www.google.com/hostednews/ap/article/ALeqM5jpokWYhgiYx_z_Wl2uaZbi...
Report: Iranians seize Kurdish bases in Iraq
“Presence in the Mediterranean Sea, the Suez Canal, south of the Indian Ocean and in international waters is on the top agenda of the Navy,” Sayyari told Fars news agency on Monday.
So thats why Lybia has a bankster invasion ship off its coast for the first time in months.
I cant wait for the shooting to start. I think theres going to be real (as opposed to false flag) terrorism now, bitches!
Pakistan's Interior Minister Rehman Malik says Israeli-made weapons have been recently used in the largest Pakistani city of Karachi in order to cause chaos.
“Over 200 persons have been arrested and Israeli-made weapons, including AK-45, have been recovered from them. It proves that foreign hands are behind the unrest in Karachi,” Malik said, a Press TV correspondent reported.
Wow. Israeli made copies of a failed Kalashnikov prototype from the 40's. Damn, those jooos are desperate!
China needs to deflate it's currency so it's logical that they buy dollars.
Japan's currency is at risk of implosion wo they buy what they have bought all of their history to protect it.
Japan will be the biggest loser in this game.
China will gain from a US default.
I wish the UK would stop buying this Junk.
I wouldn't worry that the UK is buying this junk.
More likely, UK serves as a conduit to purchase this junk with freshly printed/digitized dollars from the FED. It's doubtful that the UK is buying. It's just the US continuing to monetize.
Of course you are right. Countries buying each others debt with money they printed before. Just not make it so easy and make it look like another country is purchasing your debt. Thats what a ponzi this all is
Russians were always smarter than the chinese. When it comes down to it china will choose europe and BRICS over US. Don't count your chickens until they're hatched. The US economy is dead. Perpetual QE will not be tolerated. Vlad is just taking first mover advantage.
Russians are smarter than most nations on Earth (US and Western Europe included).
And on the plus side, they just can't be conquered. And yeah, they are tough.
Look, none of this would be happenning if it wasn't for uncouth Amerikan imperialism. If you were a nation of decent ways the whole world wouldn't be sizing you up for a golden fall.
Who said I'm American, a WASP or a tree hugger from Silicon Valley?
And who says I give a fuck about "Amerika" or "za* Amerikanz"?
Fuck them. They deserve what's coming.
My bad.
Russia sold Treasurys in May and bought Gold. Resulting two month ROIC difference: >> 10x.
On the day of the Domedovo bombing the BoR came out and said they would be purchasing 100 tons of gold/year from domestic sources.
They know the score.
The 22 ton gold purchase is from last year, not this year.
I was placing my bet on Germany and Russia to end up in the best shape after the global shakedown takes place. But now after seeing the Stress Test report on German banks...well, i'm glad i chose Russian as a second language.
What does this mean for the ruble versus the dollar?
Look at the UK though. Rising steadily.
While it'self stuck in a stagflationary nightmare from hell. Well, ordinary britons anyways.
See this from another thread:
by Quinvarius
on Mon, 07/18/2011 - 09:07
#1465931
yuan revalued 9% last night. not a peep.
So, right hand does this, left hand does that, third hand fondles oil while th efourth tickles PMs.
It would take some intense modelling to predict any of this correlated craphouse. Especially the great X, manipulation acting to it's own drunken rhythm.
ORI
http://aadivaahan.wordpress.com/2011/07/16/66th-anniversary-of-trinity-and-thoughts/
China has that Kung-Fu grip!
??? ???????? ???? ???????, ?????. I like this man, Putin.
Okay, can't post in cyrillic.
?????, ?????...
Yes, you can. You might not be able to copy/paste (different web-sites use different ways to display cyrillic characters, and that messes things up).7
Ops... You are right. However, it was fine in the preview. Weird...
look for our bonds to continue to sell like hotcakes once the tap is opened. all of those looking for participation to wane in the short term will be very disappointed.
You are technically correct, in that the Federal Reserve will massively expand its monetization purchases of Treasury bonds. But is that REAL demand? No, it is not.
LOL! How's this---
Back with my wife in Tennessee, when one day she called to me
"Virgil, quick, come see, there go the Robert E. Lee"
Now I don't mind choppin' wood, and I don't care if the money's no good
Ya take what ya need and ya leave the rest
But they should never have taken the very best
no sonh80, there will be NO qe3 purchases of additional bonds this year. the demand will be there without the fed. the debt leopard continues to pursue the bond buying gazelle....
Whatever you say, dude.... those $1.5 trillion annual deficits have to get funded somehow..... stay tuned I suppose.....
Yeah, i'm trying to figure out where to advise my mom to park her money, since she'll only put a small fraction in PM's. (years of conditioning). I'm thinking short term T-bills, the least risky? Any suggestions?
Have her get a Certificate of Deposit from her local credit union (she should join one if she hasn't already). A square deal from an honest entity.
She's sitting on cash now, but in a money market fund through Merrell. But i don't believe there is any deposit insurance on MMfunds. It's good advice. Thanks.
During the 2008 panic, foreign holders of U.S. money market funds began to stampede out... certain funds broke the buck.... credit unions offer both insured and non-insured products for your savings needs (you have to balance risk and $ reward), and by joining, you'll be joining the largest organized social movement in the world. I urge all ZHedgers to support their local credit union, the banksters DESPISE credit unions, as they aren't owned by faceless reptilians, but rather by YOU, the members, in cooperative association.....
Interesting.
See how all assets stack up against gold
http://lonerangersilver.wordpress.com/2011/06/08/john-exter%E2%80%99s-in...
I need my fix, man!
So many peoplebust on Russia..but they may become the smartest kids on the block opting to step away from paper exposure.
So many people bust on Russia..but they may become the smartest kids on the block opting to step away from paper exposure.