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Russia Dumps 20% Of Its Treasury Holdings As Mystery "Belgium" Buyer Adds Another Whopping $40 Billion
Back in mid-March, there was a brief scare after the start of the Ukraine conflict, when Fed custody holdings plunged by a record $104.5 billion (if promptly bouncing back the following week), leading many to believe that Russia may have dumped its Treasurys, or at least change its bond custodian. We noted that we wouldn't have a definitive answer until the May TIC number came out to know for sure how much Russia had sold, or if indeed, anything. Moments ago the May TIC numbers did come out, and as expected, Russia indeed dumped a record $26 billion, or some 20% of all of its holdings, bringing its post-March total to just over $100 billion - the lowest since the Lehman crisis.
But as shocking as this largely pre-telegraphed dump was, it pales in comparison with what Zero Hedge first observed, is the country that has quietly and quite rapidly become the third largest holder of US paper: Belgium. Or rather, "Belgium" because it is quite clear that it is not the country of Begium who is engaging in this unprecedented buying spree of US paper, but some account acting through Belgian custody.
This is how we explained it last month:
... to clarify for our trigger-happy Belgian (non) readers: it is quite clear that Belgium itself is not the buyer. What is not clear is who the mysterious buyer using Belgium as a front is. Because that same "buyer", who to further explain is not China, just bought another whopping $31 billion in Treasurys in February, bringing the "Belgian" total to a record $341.2 billion, cementing "it", or rather whoever the mysterious name behind the Euroclear buying rampage is, as the third largest holder of US Treasurys, well above the hedge fund buying community, also known as Caribbean Banking Centers, which held $300 billion in March.
In summary: someone, unclear who, operating through Belgium and most likely the Euroclear service (possible but unconfirmed), has added a record $141 billion in Treasurys since December, or the month in which Bernanke announced the start of the Taper, bringing the host's total to an unprecedented $341 billion!
Make that an unprecedented $381 billion because as we just learned "Belgium" bought another $40 billion in March!
Curiously, this happened as Japan sold $10 billion in TSYs, and as China remained unchanged. Further, foreign official accounts actually declined from $4.069 trillion to $4.054 trillion, which means this is what the US Treasury would classify as a "Private" buyer.
So to summarize, of the total $60 billion increase in foreign Treasury holdings, which rose from $5.89 trillion to $5.95 trillion, "Belgium" accounted for two thirds, most likely doing the purchases under the guise of a "private", unofficial account!
And once again, it is Belgium in "", because whoever is buying through the tiny European country, whose GDP is just double its reported total TSY holdings, is neither its government nor its people.
The question remains: who? Who has bought a whopping $200 billion in Treasurys using Belgium as a proxy since October?
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And rubber made from Congolese (or something, I get confused).
At least they make good beer! We're all gonna need some soon.
Would you like fries (pommes frites) with your mussels (moules)?
That's a lot of mussels being flexed.
aye, Antwerp was famous for de beers.
I was always partial to gueze, and some leonidas chocs.
getting to? The Fed Balance Sheet is a bit of a clue. Without the off balance sheet stuff.
All the "other" media sources seem to be ignoring it just fine. As expected.
We should run around parading "What about Belgium?" signs. Would be interesting to see what sort of shit the MSM then makes up about it...
the mainstream media is silent and the average joe is clueless so it's just gonna have to go until it breaks. I gota hand it to them, they are crafty. Let's wind down QE and get some child molesters in belgium a company credit card to buy our shit from there to create artificial demand... Then everyone will marvel at how yields are falling LOL!
It's only bad when they tell you it's bad! So, it's all good, right?
My money is on Dr. Evil.
So you think Bernanke is still pulling the strings instead of "Mr." Yellen?
I like this using of quotes stuff...
You mean Dr. REDSHIELD!
The other sotry, hiding in plain sight and not being picked upd by ZH readers, is the fact that China is doing what China has always done: stay neutral and look after it own interests.
Why haven't they sold/dumped any? They too seem fine to let Russia bleed for them, then swoop in and buy out Russia. There are no true "friends" among nations, only "interests".
I've already called for China to play the US 'role' in the next WW. Trying to 'stay out of it', and then, upon entering (and choosing sides) making a fairly decisive impact.
Reminds me of France's entry late in the Thirty Years War (an extended effort to weaken and basically dismantle the Holy Roman Empire, 1618-1648)
Hope I'm wrong.
In a general sense I think that you're correct. I don't see that there's going to be any real bombs and bullets war happening, as I don't see any of the big countries in this triangle sending their own to one of the other's turf. It's possible there will be continuing proxy wars, but I think that value of these (the "gains" to be made) is only shrinking under the light of all the other problems leading back to each country, to their respective weaknesses. China is resource deficient and has a massive populace. Russia really needs reasonable markets (paying clients) for its energy. The US is an empire in decline, mired in debt, as always befalls empires.
The global institutions are being torn apart. And those outside of this triangle will suffer increased internal conflicts, detracting them from even thinking about engaging in wars outside of their countries, no matter what the big three might wish them to do.
For sure it's a big global rearragement. Just not thinking that anyone is going to engage actual military forces out in the open. It'll be pain through trade sanctions. In WWII Germany and Japan were strapped for energy (Japan having oil shipments cut off). The US has ample energy to manage a crisis situation. Russia the same. China doesn't, but as long as it keeps in good with Russia it should be fine in this regard: and this is why/where China will take sides (though it won't do it in any straight-up physical confrontation, just trade sanction/financial stuff).
Fed buys Euros with dollars. Dollars buy U.S. Treasuries and the game continues... until it doesn't.
All part of Currency Wars. Looks like the only way to break the dollar is to erode its GRC status: Enter the "Yuan for Oil/Gas" and "Gold for Oil/Gas" deals.
No dollars for you! Yo, Fed! Bounce! Bitch!
why does the phrase "no honor amongs thieves" keep haunting me?
I know little about the economy. However, this is really really bad no?
We are beyond really bad. Basically our whole economic system is based on growth. While the growth of the total goods and service produced by the world economy happens at a faster rate than the growth in monetary instruments (dollars, euros, yens, yuan, etc.) which are only a media of exchange, all is good. But when the growth rate of the econony slows below the growth rate of the monetary instruments, then the Keynessian side economists (currently in control now a days) compensate by injecting more monetary instruments into the economy through the creation of money out of thin air. Their theory is that this action will increase the rate of economic growth and make it all good again. The problem occurs when structural reasons, not monetary reasons, are the ones that are preventing economic growth from accelerating ( i.e. continuous increase in the cost of extracting oil). Then all the money injections do is make the problem worse since they only increase the imbalance between the media of exchange (= money = monetary I strument in this simplified discussion) rate of growth and the actual economy rate of growth. As this imbalance increases the result is that for a given injection of money you get less and less economic growth, forcing you to inject an exponentially increasing amount of money to compensate (exponential growth 2 to the x = 2, 4, 8, 16, 32 64, 128, 256, 512, 1024, 2048, 4096,... ). This article is about the very high likelihood that the Federal Reserve is secretively creating with the complicity of some foreign institution, probably the ECB, billions of dollars out of thin air, making the growth of new money even faster than the market knows.
This imbalance between the media of exchange and the economy's size simplen mean that if people keep on spending what they think they have for the foreseable future at the current rate, sooner than later they will find out that they don' t have what they think they have from the amount of money they have today. This will manifest into chaos that could start with deflation and widespread bankrupcies that will wipe out paper assets, i.e. stocks, bank acounts, government bonds etc. Or it could manifest as hyperinflation like it happened in the Weinmar Republic or Argentina. Or most likely as waves of both alternating each other as central banks atttempt to intervene using the same failed Keynessian assumptions used up to now. As this happens more and more social outbreaks will occur and mobs will be harder and harder to control,, our systems will become more and more authocratic, since democracy will not work. You can see the preamble of this in Greece, and Cyprus.
Funny is that there is a mathematical and engeneering set of tools that would allow you to model what will happen and why what is being done will not fix the problem. Those are: Root cause analysis, control theory, femica, chaos theory and fractals, network theory, network stability, game theory and chaos control theory. Sadly most economists are not even remotely familiar with most of these tools. Hence here we are.
Direct democracy allows majority to rip off the minority. A representative democracy allows an individual or a group masquerading as representatives of a majority, to rip off the actual majority. Neither of the 2 systems protect interests of an individual.
The moment a person accepts democracy as a valid form of government, he surrenders individual rights and exposes himself to many forms of abuse.
A constitutional republic is far superior to a democracy, which is why we don't have it anymore.
Gold is superior to fiat, but since it cannot be printed at will, we don't have it either.
Growth eventually fails. Matters not what ideology or system is used, or what "leaders" are in "charge."
http://www.rexresearch.com/glubb/glubb-empire.pdf
Bad systems fail. And since they're human systems and are therefore predicated on human nature it is above just likely that ANY human system will fail. But, those looking to make a killing, take a bit of an extra slice, will try to convince others to make a change, any change really, for it is during change that the opportunities occur. The ideological are but roadkill on their own highways. And nature laughs...
Double posting
To me that is the real mystery, where is the cash coming from? The Fed, Japanese and EU cental banks are engaged in mutual support so it doesn't look as blatant but actual fiat money had to be used to buy those bonds and it came from somewhere. The Fed and the JCB can just push a button and create fiat but supposedly the EU doesn't have that option. How are they doing it? These actions reek of desperation.
It's denominated in USD, so they are bought with USD not EUR. Fed swaps USD for EUR, Belgium buys. Belgium gets interest payments, US economy forestalls the eventual "loss of faith" event, and Russia protects itself a little bit more from asset confiscation in case a shooting war starts. Everybody wins!
Except you and me that is.
The ECB can't print and buy their own shit, but I am not sure there is anything holding them from printing and buying our shit.
The great circlejerk...
Rothschild & Sons?
Saud & Sons?
"These actions reek of desperation."
That smell has been "in the water" for quite some time. When was that last time that things weren't fishy?
We can connect the dots but it ain't going to change the fact that we're ALL dead-ass broke, living on fumes and facing a global system'structure that is starting to collapse in to oblivion and take out all the JIT systems with it.
I finally came to believe that the war against Iraq wasn't due to idiots and madmen (as suggested by the other side of the Party Pussy team), it was about desperation. That is, things are a lot more unstable then even the most skeptical/paranoid of us can imagine. I'd stated it elsewhere (another recent thread?), think of unleashing Mad Max, Godzilla and Hitler and you'll be getting closer to what we're going to see. And I'm thinking that "why" is becoming less important by the day (like info from some past college class that one is never going to utilize ever in the future).
might that mysterious belgium and carribean buyer be the IMF? they are nothing more than the apologist and operation dog of the BIS. they are there, basically, to apply lipstick to the worldwide fiat pig.
Will the majority of Americans finally get pissed if they find out the Federal Reserve is nothing but a lying, cheating, deciving, money laundering organization, that is completely and undeniable criminal??
The majority of Americans don't know what the Federal Reserve is, or what it does, and are not really interested.
OT..., wasn't last night the final for American Idol?
"Humans" in general only care about something when they actually have a vested interest in the outcome! Once you remove their vested interest and replace it with an entitlement or some other fantasy motivation they have no control over, or ability to understand, or accurate information to education themselves about, they become as easy to train and control as a pet animal!!
I'm not sure that most Americans are capable of comprehending what's going on. And they won't really care until cheap plastic crap stops showing up on Walmart shelves.
I remember taking my first finance class in college and thinking that the whole banking system seemed like a scam. But the profs and everyone else seemed to accept it as proven science, I felt stupid for not "getting it".
KUDO'S Halfway through undergrad finance I asked myself what is the end game here? Made no sense then and less now unless you factor in thieves and conspiracies..
To understand modern finance one has to go back to AT LEAST the Battle of Waterloo, 1812. And the resulting bond market panic instigated by a certain... Investor.
Whoa, I had no idea that Uncle Buffett was that old.
He's lookin' good, must be all those virgins blood smoothies.
My wife's son was taking accounting courses and I told him I'd like to debate his instructors, that I'd be able to have them self-destruct in less than 15 minutes. Hell, put a 7-year-old up against any of these folks; the kid would only need to keep asking "why?" and eventually the professor would reach a point in which the obvious comes in sight- the premise is wearing no clothes.
Derrick Jensen says that we too often fail to question the premise, that just about anything can be made to look reasonable if one doesn't question the premise. The trick that all the "leaders" partake of is to blow the premise past us and then get on with "details" which by themselves seem perfectly acceptable.
In other news x2 futures dumps on the silver market today.. It's almost as if someone is trying to punish physical holders.
Let them ... keep fucking stacking ... and margin? PASS.
Yep, apparently they have 20 % surplus of GDP to spend on US treasuries ahahahahahahahah , they didn't even have a surplus. Brussels now launders money for the FED.
I could really really not make this one up.
HRH Beatrix has lots of cash, you mean.
Who is buying? The US Federal Reserve!!!
Absolutely correct.
The "taper" is a farce. It is just more MOPE (Management Of Perspective Economics) coming out of the Federal Reserve's Liar in Chiefs, previously Bernanke and now Yellen and the FOMC. They are now absolutely incredible..
Peter Schiff was correct all along.
When, oh when, will you divest yourselves out of the Bond Market and Stock Markets as everything in America is built upon a farce and a fraud??? Stupid and myopic, self serving, greed only leads to your own destruction. Opt out and sell everything as you cannot believe anything.
For give me on this question but who is the Belgium buyer?
The US Federal Reserve.
If one could only create dollars out of thin air, this wouldn't be a problem. :-O
It is not a problem for the Federal Reserve to create those US Dollars.
Gee... This only amounts to at least 26% of Belgium's GDP. Certainly they are so cash rich and their people are willing to go without to buy US Government Bonds. /sarc.
Who is the buyer??? It is just a mystery. Wow...
LMAO.
Federal authorities have begun looking for assets of the black-listed Russian oligarchs to impound...
Maybe the Russians should respond in kind and nab some American banksters or such and clap them in hand-irons. Give them the opportunity to admire the taiga and the mines in the far east.Get some fresh air and a lot of physical work. And denying any knowledge of their whereabouts. Tit for tat - one of mine - one of yours and so on. After all those billions they can raise won´t free them from Kolyma or Magadan.
And yes - this is how far I have gone. Normally I abhor that eastern system but what we see now may need strong medicine. Fight fire with bigger fire.
NEW!!! EUROMANIA a must see documentary about how the corporations have killed democracy in Europe to let the banks and big corporations rule as dictators.
A filmmaker on a search to uncover the European Union: does Europe provide jobs and democracy, or is it a big business project? A personal and revealing documentary from the creators of the 2012 hit Panopticon. EUROMANIA shows what is happening to people and countries all over Europe.
Watch free on you tube: http://www.youtube.com/watch?v=hkCe43V3XFc&feature=youtu.be&t=37m44s
QE Belgium style
Yet more powdered sugar on the FED waffle, soon US Ponzi will be flat as a pancake.
Of course CNBC will be straight on the case !
CNBC is still aournd? Their audience is as real as the Bangladesh click farm likes.
As is MSDNC
Them chocos have a nice enough appetite for Fed bonds.
Chocolate - brown gold
Who? The Fed. There is no taper.
Exactly. I'd put real money on it.
Then meet Denninger in Vegas or Atlantic City he'll take your money. Sounds like something GS would do through the BOE.
GS would do through the BOE ... would pretty much still be the FED I think.
http://market-ticker.org/akcs-www?post=229010
So Karl basicaly says he doesn't know squat about it. Why read Denninger. I used to but I found ZH.
Denninger and Mish led me to ZH. But there's a reason I didn't go back.
Excuse me but I think you have some Russian dressing dripping off your chin.
Looks like Denninger is right. Compare say the Nov 29, 2013 H.4.1 to the May 8, 2014 H.4.1. No big changes like foreign currency denominated assets could account for the $141 billion Belgium purchases since December. Reserve bank credit went up $370 billion but that would be accounted for by QE.
I did notice excess reserves plateaued from Nov to Jan of last year. So it's possible one of the big banks transferred excess reserves overseas late last year and are/were using that to buy Treasuries. If so that was a profitable trade. Why transfer the money overseas vs just buying them in the US? Maybe to mask the dumping of Treasuries by foreigners. If that explanation isn't right maybe money already in Europe was used to buy the Treasuries. Again, a profitable move.
Just started looking at the numbers so no strong opinions either way.
Watch the bloated "Belgium Buyer " buy $50Billion next month !
Waffles.chocolate, and beer must be really good businesses to be in.
Belgium makes good guns too.
Famous for Small Arms. That they sell to LEAs and Mil. And to Preppers with fiat.
Off topic: What the hell does the USDA need with submachine guns?
https://www.fbo.gov/index?s=opportunity&mode=form&id=9fc3a01217d03b0354e1e18b69aa7bad&tab=core&_cview=0
Angry meat packers maybe ?
Oh, they'll be packing alright.
Looks like they wrote the request right from the websites features list:
http://www.hk-usa.com/military_products/ump_general.asp
For terrorist farmers selling raw milk of course.
When food supplies get short and our benevolent government goes out to confiscate food for the FSA do you think those gun toting redneck farmers will be happy? Would you trust Homeland Security or the FBI to know what wheat looks like? It would be embarrassing to send your men out to steal, err, confiscate some guy's herd of cattle and they come back with a bunch of goats.
Haha... that is hilarious but true. I wouldn't expect a bunch of bureaucratic thugs to know the difference between wheat and thistle seed. I'd bet big on it actually.
Most of the military will go 'rogue' (ala the Mexican Special Forces -> drug cartels) or defect. IMO.
Amish farmers who can under cut the big guys
Any kid csan answer that !!! Plants vs. Zombies
https://www.youtube.com/watch?v=CHAbHz8iYHc
What does anyone need a sub-machine gun for? To kill PEOPLE. "Hope for the worse, plan to be best" , new government slogan...
I really do not think that the USDA or the Post Office, etc. are going to be the ones taking delivery of any weapons/ammo. I believe all of this is going to Homeland Security but they do not want it to show on their accounting.
C'mon, it's clear the USDA is serving as a cover for these two women's penchant for personal protection much like "Belgium" is covering for all that hot Swiss account money the US' IRS sniffed out.
Primary Point of Contact. : Linda F. Josey, Chief, Procurement Management Branch linda.josey@oig.usda.gov Phone: 2027208337 Secondary Point of Contact: Desiree Clayton, Contracting Officer desiree.clayton@oig.usda.gov Phone: 202-720-5931 Fax: 202-690-1282That would be to deal with growing Fire Ant population. Fuck Andro. Nothing takes out a Fire Ant mound like a submachine gun.
Fate the Magnificent
"Push the Button, Max"
Why, to fight the Beef and Pork Rebellion, silly.
They were ourgunned at the Bundy ranch so they need better weapons to kill the people....http://rt.com/usa/159016-feds-charge-bundy-supporters/
Bureau of Engraving and Printing ~
ammo (.45, .308, shotgun slug and buckshot)
https://www.fbo.gov/index?s=opportunity&mode=form&id=1c79596c537b2f697b6...
https://www.fbo.gov/index?s=opportunity&mode=form&tab=core&id=b8aa4d7b62...
State Dept. ~
big game hooks, monofilament line, plunge drills, and empty 12 gauge shells; marine 7" fighting knives, borescopes, laser range finders, radios
https://www.fbo.gov/index?s=opportunity&mode=form&id=3f543e554c55ec3a421...
18" disrupter cannon
https://www.fbo.gov/index?s=opportunity&mode=form&id=ff935118a11a985d681...
armag aluminum day boxes type 3, duplex 18 gauge firing wire, radios, binoculars, gps
https://www.fbo.gov/index?s=opportunity&mode=form&id=8e169ddb09208d9b3e9...
single/dual shock tube initiators, alford strip & breaching munitions, law enforcement targets,
window break-n-rakes, entry rams, breaching bladders, bags, satchels
https://www.fbo.gov/index?s=opportunity&mode=form&id=23ce9b58311882a66c5...
spotting scopes, radios, camcorders, laser range finders, search mirrors, crime scene tape
https://www.fbo.gov/index?s=opportunity&mode=form&id=1303bee9d21b860cb97...
body armor, ballistic steel plates, kevlar helmets, qcb slings, nomex balacavas and gloves, cb gas masks & canisters
https://www.fbo.gov/index?s=opportunity&mode=form&id=74e84407fcf936ac8a2...
etc.
The fed's back door anti-taper, obviously.
Was going to go with blatant.....but obvious works too.
Belgium waffles must be selling like hot cakes this year! Yellen said the weather is perfect for waffles sales, no bubbles.
Looks like Belgium has become the bad bank.
The real bad bank for Oligarchy hot money in EU zone is Luxembourg; and it looks like the man who has run that place--(as well as being the Euro-group commissioner during the crisis-- is now gonna come back as EZ commission boss as replacement to Barroso; JC JUNCKER. (Election of EZ leader is part of May election of its parliamentary members). Watch out Belgium, you are way behind Luxembourg.
Fuck it, I admit it, I bought it. Ok, It was me, big deal.
I had waffles for breakfast. Coincidence? I think not...
Rate in the E.Z. are bogus and will go negative.
Yields on american paper will follow before the supply lines break.
It will be hard to hide inflation from here on out.
Hedge accordingly.
I'm hedged all in Gold and Silver. Yet it doesn't seem to be working.
Yet.
It doesn't work till it does...I am in the same boat........I feel when it "Does" work we may have wished it hadn't. Know what I mean?
im hedged in Marijuana stocks. i know it will all go up in smoke. but at least i had fun.
It's working fine if you keep your eye on the prize and forget the short term noise.
It's no mystery. Belgium is buying for the fed. There is no taper.
Perhaps the Bernank is spending a little time in Brussels this summer.
all mere named fictions, though each does play a role in the overall game, ongoing.
for now.
The only question is the conduit from the FED to Belgium now. They ain't tapering shit just playing three card monti and hiding the misdirection.
Could it be the EC buying them?
I am sure there must be something going on between the US and EC governments/central banks.
But remember that Obama really wants the Euro to fail because that is a slight threat to the US Dollar as a reserve currency.
Didn't Iraq get destroyed by the USA because Sadam Hussain was starting to trade oil in Euros?
The EU has it's HQ in Brussels. Maybe they'd like to have leverage over the US?
Maybe Southern European Bonds need a buyer.
Maybe the Fed and Treasury give Tbonds to the primary dealers so they can buy them.
Maybe the balance remaining after buying southern european bonds is unapproved illegal QE or some other EU fiat asset that they can swap for the USTs.
When there is a mysterious Belgian buyer you can always depend on the Albert Frere connection.
Ask our belgian friend here!
Denninger is calling out P. Craig Roberts on this issue, should be a good pissing match to watch. Something for sure stinks.
Bondzilla appoaches!
The problem with denninger's argument is that he bases it on the Fed's balance sheet "which is published " and therefore accurate.
go pound sound Karl...
Things must be getting dicey. If this is the Fed, and all indications point that way, their credibility on the world stage will take a plunge; if they lie about this what else are they lying about? Oh, everything? Taper was actually a 50% increase in QE?
You're money is no good here. Got gold?
The second graph is misleading... In 2008 the Russians (and other foreign sovereign) holders of GSE debt were given a bailout (i.e. graceful and profitable exit at debt serf expense) and converted their GSE holdings to UST so their net exposure to Fedzilla wasn't as great as the ramp on the graph indicates. That was a dicey period, since the farce had to be maintained, and defaulting on the GSE's would have called the full faith and credit of Bernanke into question in the middle of a credit crisis...
Russia is preparing for war.
You will not hear of things like this. You will not hear how the Fed put a knife in the backs of average americans to bail out Russians.
No. You will only hear how average Americans eat their dead, rape children, worship satan, weigh a globulous 900lbs each, etc, etc, etc.
I really, really liked Russians a lot.
Now, listening to all the bloodlust and propaganda... not so much. It is not possible to like someone who spends all their time explaining how much they would like to rape, rob and murder you.
It seems Russians haven't entirely forgotten that they are the descendents of Vikings.
Made my day. Totally unconnected to reality.
russians jumped the shark?
"Their credibility on the world stage". A guy can lose a keyboard like that...LOL
Right now I am going Ag
Stack on!
Come on Tyler, can't you figure out evidence on who bought these?
Putin should be asking payment in gold. Don't flay the fiiat currency game of the central banksters.
He won't.
He wants to take over their racket not break it.
To me, obvious: Euroclear.
The more interesting thing is why the bonds are not held with a US depository - someone happy with US treasuries as an investment but wants to be outside US legal reach?
Not only is the fed. not tapering, they also backdoored 4 times the advertised taper. This shows the Fed. has no intention of ever meeting a 2% inflation target and is hoplessly grasping at straws.
I wonder where all the cash from those Belgium purchases is going? My guess is a large amount is flowing into Southern European bonds.
OT:
First I've heard of this.
http://www.washingtontimes.com/news/2014/may/14/operation-american-spring-hitting-dc-to-oust-obama/
Seems like a logistical nightmare and that doesn't factor in a federal response. Fun to see, though.
When I protest, I always worry about traffic.
NOW we know why the Ag Dept is getting machine guns!
"They're not Patriots, soldier! They are feral pigs! Here, have another snort of this powder."
"Yessir General!"
"What do you see now, son?"
"Uh, blurry, but pigs, I think."
"Now, kill 'em, son, kill 'em all!
Article says they expect 10 to 30 million patriots to show up. I would be surprised to see 10 to 30 thousand. Probably more closer to 1 to 3 thousand will show. Mericans to lazy for this ... for now. Give it a few months of Food prices going up 100% and maybe then they will get off their butts.
Ah yes, Belgium; that land that produces so much... Wait, WTF do they produce again?
very good Tintin books. I never imagined they would sell so many!!
Lambic and chocolate sales have quintupled.
Sprouts, of course. Brussels sprouts and lots of beer to wash them down.
Doesn't it seem strange (or maybe not) that the "Belguim buyer's purchases are an almost perfect inverse of the Fed's tapering?
i wonder if there is a corresponding rise of Euros in the books of the Fed or Primary Dealers?
Sanitized, secret QE for the Fed and the ECB?
Only a Liesmanesque cheerleading moron in a CNBC induced euphoric coma would fail to see the Belgium/taper correlation.
Still amazes me some won't even sprinkle in a little BTC which by the way is setting up to resume the very clear uptrend when one views it on a long term logarithmic scale/chart.
BELGIUM ...... you mean the FED dont you..... no one else needs that much toilet paper... or has the $$$ to pay for it ... central banking manipulation
Find out it's the US Federal Reserve buying the debt through swaps.
The big barrier called Putin
... and the suspension of the global economic oligarchy's plans for Russia
http://failedevolution.blogspot.gr/2014/05/the-big-barrier-called-putin....
Jack Ryan shadow Recruit is on the job in Belgium
Ladies and gentlemen, uh, we’ve just lost the picture, but what we’ve seen speaks for itself. It’s difficult to tell from this vantage point whether they will consume or merely enslave us. One thing is for certain: there is no stopping them.
And I for one welcome our new "Belgium" overlords. I’d like to remind them, I can be helpful in rounding up others to toil in their underground caves.
Simpsons....well played, sir.
"I call the big one, Bitey!"
Thanks Mr. Soro's Ve are lokzing for un vue goot men.
The evil morlock bankers eat the cute Eloi.
Well when they print a $100 trillion note I will buy some with a spec of gold.
wait that was me. sorry. I meant to buy 10k 10 years. fat finger. oops.
Russia & China will dump all of it. The US debt expansion will slow down. The defence sector will be propped up at the cost of tax payers. Middle class will disappear. More illegal campers waiting to be shot .... or maybe not. The bullets need to be saved for WW3.
Preparation for war
Russia’s third largest bank moves money from Europe to Moscow for safe keeping
http://rt.com/business/158592-gazprombank-transfer-sanctions-europe/
Czech makes a wise move, refuse UN troops
http://21stcenturywire.com/2014/05/15/czech-republic-no-nato-troops-on-our-soil/
UN and NATO troops are not technically the same thing... just sayin. The point about Czech is impotant though... interesting to see if they come under pressure. Read between the lines, watch for hot-tub deaths etc
Nothing to be alarmed about. It's just Von Rompuy's supplemental retirement kitty, not held in Euros.
Yellen to Belgium "Hey the world is on to our game, we need you to buy 40 billion each month of UST to support our fraud"
Belgium "What??! we don't have even close to that much money"
Yellen "Go check your account again, its there now"
Looks like this is being done by the globalist elite to offset the impact of the Taper (so there effectively is no Taper). Belgium has increased its holdings at a rate of $40 billion per month since the Taper started.
Malaysia is the new Belgium
AND THE MYSTERIOUS BUYER IS..... THE FED !!!!!
SELL SELL SELL !!! BULL BLOODBATH COMING