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Who Are The Top Holders Of US Treasurys
Yesterday, when the Treasury released its TIC data early by mistake, the update that China's holdings rose to a record $1.317 trillion caused a stir. This was confusing, since while China, which as we reported yesterday, now has a record $3.8 trillion in reserves having grown by $500 billion in 2013, has barely invested in US paper, and in fact going back to 2010, its holdings were a solid $1.2 trillion. In other words, its Treasury holdings have increased by a modest $100 billion in three years. Hardly anything to write home about. And certainly nothing to write home about when one considers the soaring Treasury held by the largest holder of US paper... everyone knows who that is. For those few who don't, and for everyone else too, here is the most recent breakdown of the top holders of US paper.
And now a question: with the Fed already "tapering" its purchases of Treasurys, and thus no longer the failsafe backstop bidder of first, last or any resort, how much interest in "money good" paper will everyone else have?
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Belgium is the ECB, I presume?
Here is the complete list of major foreign holders of US debt (Fed is not considered foreign):
http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/...
Now that Congress has included another appropriation of 3.1 Billion for Israel, Israel can buy up more US Debt and MIC toys. Makes sense to someone. goo.gl/Vj0NhR
Where is Russia?
Partly in Europe, mostly in Asia.
Uh,Puerto Rico default? Hmmmm......
Bloomberg: China May Become The Third-largest Holder Of Gold
Here it comes and a lot of people will be taken totally by surprise. Record buying of Gold by China last year will be translated in the much higher Gold holdings by PBOC. Bloomberg reports that these holdings could surpass now those of Italy and France - Jim Rickards talks about the announcement by Chinese Central Bank of 5,000 t of Gold holdings in the nearest future. It will be the game changer and puts Gold solidly into the investment game as well. Yesterday shock with Jobs numbers can be the sign of the real state of US Economy and it means that FED does not have any real exit strategy from QE permanent state. In another news Royal Mint in UK has run out of gold coins due to the exceptionally high demand.http://sufiy.blogspot.co.uk/2014/01/bloomberg-china-may-become-third.htm...
"Mainland China" as opposed to...
I suppose Hong Kong and Taiwan, but, yeah, if you said "mainland USA", I would never think of Hawaii or Kaiserslautern.
And what about all of those wankers at King World News and elsewhere who said that the Chinese were dumping US treasuries (to buy gold)? Clowns.
Hell, I'd be doing the same thing if I owned an T's.
Japan is making ground on the Chinese. They can not afford to be on the short end of the debt stick when shooting breaks out...
jb
China will dump the bonds as a distraction when they invade those tiny nuggets off the coast of Fillipines, Japan, Vietnam...and so on...
More like they'll use them as leverage to guarantee there won't be any opposition when they do so.......
China has enormous leverage over the US as long as it holds a large enough amount of debt. The US NEEDS China to continue the charade - while China would lose money dumping Treasuries, that action would destroy the US dollar. I expect the US is letting China buy gold at a discount as long as they continue to play the game. Hedges China's risk - when the $US does go, China recoups the losses in the appreciation in the price of gold.
Does the net change in all positions equal the year over year increase?
I guess it can just go on like this f o r e v e r . . .
Here are the stats by country.
http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/...
Do some analysis to draw inferences. For example...
> How is it that poor UK and the poor Carribean can load up so much of US Debt?
> London, Carribean banks, Belgian and Swiss banks are ALL into money sheltering or laundering, as the case may be. Be it gray money (lawfully earned by undeclared for taxes) or dirty money (crime), they are willing to do private investments and private laundry ("banking") for a price.
> Russian oligarchs hedge their risks by hiding their Energy and Crime Rubles into USTs, in various places offshore.
> Oil oligarchs (aka 'monarchs') do the same as all Cartel types: They buy USTs, Bonds, Stocks, Banks, Weapons, Real Estate, and Luxury items. And "sluts" (political and sexual), who have no dignity, pride or clan loyalty.
> Why Brazil holds so much of our Debt is beyond me. Sounds fishy, unless it's liquid "collateral".
> Taiwan has to buy our Debt, if they want to keep selling us electronics and get our MIC protection.
> Note that Canada, Germany and India hold precious little US Debt. They know us too well. My guess it that the US will keep buying Canadian resources, German cars and keep using Indian call centers -- no matter what. IOW, they got smarts and leverage.
For years, people have feared China dumping all their US treasuries onto the open market one day. Not too worry, it ain't gonna happen anytime soon. Not only would China lose tens of billions with such a stunt, but most importantly the Renminbi would rocket up against the dollar putting most of the Chinese population out of jobs. They couldn't hold it back no matter what they manually peg it at. In all likelihood, China will add to their collection if and when the Renminbi starts to float higher.
You don't think that Chinese leaders wouldn't be willing to sacrifice 200 million of their people to the cause of defeating America once and for all? That a few years of economic hardship would be a significant hurdle for them to overcome? These are the people who built a Great Wall for crying out loud. They're all about patience and sacrifice. When they want us, they can have us. They just might get nuked in the process, as long as we have a CIC who will push the button.
Uh-oh.
Nationalize the Fed.
(get busier you government Fascists)
Agree the Treasury will put it into conservatorship at this point, what does it matter, they are one and the same.
Y Belgium?
“foreign” holdings of US Treasury’s….Fed holdings……total outstanding public debt
Dec ’00 – ………….$1 T ……………….$200B*…………………………..$3.3 T
Dec ’07 – …………$2.35 T ……………..$400B*…………………………$5.1 T
Oct ’13 – …………$5.72 T*** ……………..$2.2 T**…………………………$12 T
* mostly short end bills
** almost entirely long end bonds
*** 90% of foreign holdings in notes /bonds
Fed/Foreigners hold $8T of $10T in public outstanding notes/bonds...all domestic holders hold $2T outstanding notes/bonds (domestic holdings unch since '00)...of course TIC data just denotes nation in which Treasuries were purchased, not exactly where the "money" came from. Think about this a little...then maybe some more.
individual country isncreases, Jan ’07 to ’13???:
China $400 B —> $1.3 T (15% of GDP)
Japan $600 B —> $1.2 T (18% of GDP)
UK $100 B —> $158 B (5% of GDP)
Brazil $54 B —> $246 B (10% of GDP)
Taiwan $38 B —> $185 B (40% of GDP)
Russia $9 B —> $150 B (5% of GDP)
Ireland $19 B —> $111 B (55% of GDP)
Belgium $13 B —> $180 B (40% of GDP)
“carribean banking centers” $68 B —> $291 B
“oil exporters” $112 B —> $237 B
Luxembourg $60 B —> $133 B (220% of GDP)
Norway $20 B —> $78 B (15% of GDP)
France $10 B —> $60 B
Singapore $30 B —> $86 B (35% of GDP)
Switzerland $34 B —> $174 B (35% of GDP)
India $15 B —> $60 B (3% of GDP)
Thailand $16 B —> $45 B
Canada $28 B —> $58 B
Minor movers…???
Germany $50 B —> $60 B (2% of GDP)
Italy $14 B —> $29 B (1% of GDP)
Netherlands $15 B —> $30 B
Turkey $25 B —> $50 B
one possibility would be passing digital dollar swaps around the world to allow strong "foreign" purchases of US debt @ ever lower yields and with ever rising risk...but it's riskless to the purchaser because it wasn't their money to begin with and need not be paid back...all possible if the "money" was free or CB counterfeit to begin with.
Just wondering how long it takes them to raid the 401k's?
It will be a bail-in to the tune of 5-10% of your 401-k imposing their 'new rules' by making it a requirement for you to hold their 'govt. safe bonds'
Think Enron/Raptor model.
Enron = US Treasury/Fed complex.
Raptors = Foreign holders of US Debt.
Game continues as liquidity is pumped and no value claim is made for numbers on paper. Ever wonder why Japan, China etc. don't cash their USD based reserves for real assets?
Game ends when a claim for real value transfer is made between Enron and Raptors.
Belgium in at 6 --- Oil producing nations know where to be seen wtf?
Someone is going get some more Tomahawk democracy exported to its ass..
need to break foreign holdings down between central bank holdings and private.
question: if a foreign central bank holds us treasuries is that part of "co-ordinated central bank action" or an interference in the QE tactics of the Fed? In other words...is the level of US QE by the Fed as a result of a negotiated strategy or involuntary and an unplanned interference.
Of course...when you swap one piece of "In God we trust" for one piece of "in Hirohito we trust" or "in the two gorges damn we trust" was it mutual so we are global ...or should the full amount of global QE be treated as domestic QE?