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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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Of course it's the FED.
Of course. Print & Buy = 2 mouse clicks.
Angola?
Antwerp and Brussels are diamond capitals! Trading dollars in Belgium for diamonds and dollars for gold in Switzerland? PUTIN is in major trouble and this article should continue with its logic passed Belgium (small country) and back to finance. ONCE TREASURIES ARE UNLOADED WHAT COME NEXT? Farm land rocket engines heroin? HOW ABOUT GOLD!
And people wonder why they discontinued compiling and publishing M3 back in 2006 (M3 was the broadest measure of the money supply and was the only metric to included dollars held in Europe). The stated reason at the time was the difficulty and "cost" of compiling the data, LMFAO.
I don't know, do you think it could be . . . . .
(the Great) Satan?
Its got to be the EU right? The EU headquarters is there and they have plenty of money to waste.
As QE"4eva" winds down, backdoor QEV(Belgium) is ramping up. MOAR punch bowl soup needed to keep the (new) the "AOK appearances" intact.
The Federal Reserve has had meetings on a strategy to handle any US dollar dumps by any country. THe US Fed just does swaps.
Russia can't play the fiat game, the US Federal Reserve PhDs have that figured out. Play the physical game, it's what the US Fed isn't prepared for.
Demand tranfer in physical gold and it becomes a problem.
Sniff, sniff...I smell concern.
Did the FED open a new laundry service?
Creating artificial demand for US debt is a secret!!!
SHHHH!
But why would they pick Belgium? It's so fucking obvious...
They should have picked a bigger country, with a little more cash...
Beggars can't be choosers.
Brussels is Nato headquarter which is an outlet of Washington, lots of Army and lots of contractors. European Commission was also installed in Brussels so that this part of the EU is under tight US/UK control. Baroso is a Washington clerck.
Belgium itself has no strong own structures. They do not even need a government. They manage to muddle through without a government. No wonder, because there is Nato, the real power structure of Belgium
http://www.washingtonpost.com/blogs/answer-sheet/wp/2013/10/01/589-days-...
A former US assistant treasurer explains, in my interpretation, how the money manipulators at the Fed, blinded by financial greed and power, are devastating humanity, leading to worldwide employment and destroying all human effort in their quest for world governance, while disregarding all primary physical and ethical law.
The Great Deceiver — The Federal Reserve. The US Dollar’s Fragile Reserve Currency StatusBy Dr. Paul Craig Roberts and Dave Kranzler
Global Research, May 14, 2014
paulcraigroberts.org
Is the Fed “tapering”? Did the Fed really cut its bond purchases during the three month period November 2013 through January 2014? Apparently not if foreign holders of Treasuries are unloading them.
From November 2013 through January 2014 Belgium with a GDP of $480 billion purchased $141.2 billion of US Treasury bonds.
Somehow Belgium came up with enough money to allocate during a 3-month period 29 percent of its annual GDP to the purchase of US Treasury bonds.
Certainly Belgium did not have a budget surplus of $141.2 billion. Was Belgium running a trade surplus during a 3-month period equal to 29 percent of Belgium GDP?
No, Belgium’s trade and current accounts are in deficit.
Did Belgium’s central bank print $141.2 billion worth of euros in order to make the purchase?
No, Belgium is a member of the euro system, and its central bank cannot increase the money supply.
So where did the $141.2 billion come from?
There is only one source. The money came from the US Federal Reserve, and the purchase was laundered through Belgium in order to hide the fact that actual Federal Reserve bond purchases during November 2013 through January 2014 were $112 billion per month.
In other words, during those 3 months there was a sharp rise in bond purchases by the Fed. The Fed’s actual bond purchases for those three months are $27 billion per month above the original $85 billion monthly purchase and $47 billion above the official $65 billion monthly purchase at that time. (In March 2014, official QE was tapered to $55 billion per month and to $45 billion for May.)
Why did the Federal Reserve have to purchase so many bonds above the announced amounts and why did the Fed have to launder and hide the purchase?
Some country or countries, unknown at this time, for reasons we do not know dumped $104 billion in Treasuries in one week.
Another curious aspect of the sale and purchase laundered through Belgium is that the sale was not executed and cleared via the Fed’s own National Book-Entry System (NBES), which was designed to facilitate the sale and ownership transfer of securities for Fed custodial customers. Instead, The foreign owner(s) of the Treasuries removed them from the Federal Reserve’s custodial holdings and sold them through the Euroclear securities clearing system, which is based in Brussels, Belgium.
We do not know why or who. We know that there was a withdrawal, a sale, a drop in the Federal Reserve’s “Securities held in Custody for Foreign Official and International Accounts,” an inexplicable rise in Belgium’s holdings, and then the bonds reappear in the Federal Reserve’s custodial accounts.
What are the reasons for this deception by the Federal Reserve?
The Fed realized that its policy of Quantitative Easing initiated in order to support the balance sheets of “banks too big to fail” and to lower the Treasury’s borrowing cost was putting pressure on the US dollar’s value. Tapering was a way of reassuring holders of dollars and dollar-denominated financial instruments that the Fed was going to reduce and eventually end the printing of new dollars with which to support financial markets. The image of foreign governments bailing out of Treasuries could unsettle the markets that the Fed was attempting to sooth by tapering.
A hundred billion dollar sale of US Treasuries is a big sale. If the seller was a big holder of Treasuries, the sale could signal the bond market that a big holder might be selling Treasuries in large chunks. The Fed would want to keep the fact and identity of such a seller secret in order to avoid a stampede out of Treasuries. Such a stampede would raise interest rates, collapse US financial markets, and raise the cost of financing the US debt. To avoid the rise in interest rates, the Fed would have to accept the risk to the dollar of purchasing all the bonds. This would be a no-win situation for the Fed, because a large increase in QE would unsettle the market for US dollars.
Washington’s power ultimately rests on the dollar as world reserve currency. This privilege, attained at Bretton Woods following World War 2, allows the US to pay its bills by issuing debt. The world currency role also gives the US the power to cut countries out of the international payments system and to impose sanctions.
As impelled as the Fed is to protect the large banks that sit on the board of directors of the NY Fed, the Fed has to protect the dollar. That the Fed believed that it could not buy the bonds outright but needed to disguise its purchase by laundering it through Belgium suggests that the Fed is concerned that the world is losing confidence in the dollar.
If the world loses confidence in the dollar, the cost of living in the US would rise sharply as the dollar drops in value. Economic hardship and poverty would worsen. Political instability would rise.
If the dollar lost substantial value, the dollar would lose its reserve currency status. Washington would not be able to issue new debt or new dollars in order to pay its bills.
Its wars and hundreds of overseas military bases could not be financed.
The withdrawal from unsustainable empire would begin. The rest of the world would see this as the silver lining in the collapse of the international monetary system brought on by the hubris and arrogance of Washington.
http://www.globalresearch.ca/the-us-dollars-fragile-reserve-currency-status-the-great-deceiver-the-federal-reserve/5382184
This has the smell of the truth in it. Good post.
Agreed. It sounds pretty together; plausible and it has the "cui bono"; in the right sector.
Dr. Paul Craig Roberts: Fed Laundering Treasury Bonds in Belgium, Real GDP was Negative & More https://www.youtube.com/watch?v=m1vndEG1Za4
Roberts expects negative GDP (revised of course) in Q2 2014.
Love this guy.
Where is brad sester who tracked the data for CFR? Oh he is the one compiling the data now at treasury....
Wiki:
Brad Setser is an American economist and former blogger. A former staff economist at the United States Department of the Treasury, he worked at Roubini Global Economics Monitor, along with Nouriel Roubini. He co-authored the book "Bailouts or Bail-ins?" with Roubini.[1]
After leaving the RGE Monitor, Setser became a fellow at the Council of Foreign Relations, where (amongst other things) he was the author of the popular economics blog "Follow the Money" about global economic imbalances.
In 2009, he took a position with the National Economic Council, leaving the CFR. In 2011, he moved to the United States Department of the Treasury, where he is the Deputy Assistant Secretary for International Economic Analysis.
Ask Brad
Is there no end to this worldwide web of graft and information control?
Nouriel Roubini’s company, RGE Monitor (now known as Roubini Global Economics), all along was partnered with Larry Summers to the chagrin of his followers when it became known. Roubini also worked in Bob Rubin’s Treasury department as a senior adviser to Timothy Geithner.
Summers has been the mouthpiece for years for the owners of the Federal Reserve banks. The only reason we don’t have Bob Rubin shuckin’ and jivin’ instead of Summers is because there are still a few people left in America who don’t realize that Summers is the same thing, a member of the Goldmanite Mafia. And Roubini by association. And, as you say, where is Brad Sester?
It won’t be long before the oligarchs can’t find a Goldman Club member unknown enough to peddle their lies; it’s to the point where America’s choices are slavery or pulling these people out.
posted on Dec 27, 09 by Rahm on AGORACOM
Larry Summers draws salary from Roubini's company.
"Larry Summers submitted his “White House Financial Disclosure” 12 months ago revealing his part ownership of Roubini’s economic website http://www.Roubini.com (formerly RGEmonitor). In addition to this little detail, Summers was also drawing a salary from Roubini’s company and was on his board of advisers.
"Some have suggested that Roubini is being influenced by the White House, while I find that hard to believe it is curious that he went out of his way to praise Summers appointment while never declaring their business relationship. "
Copy of document:
http://online.wsj.com/public/resources/documents/disclosure-LSummers04032009.pdf
It is a national security issue to know who the counterparty is to a nation's debt. It is obvious that little Belgium is not the counterparty. Where is Congress to investigate the failings of Homeland Defense?
As the Joker at the FED would say,
It's all part of the plan to kill the dollar and steal your heritage.
ITS THE FED. WHO ELSE?
"The United States is ranked 3rd Worse of Countries in the World Economically. Your Ah, Your Leaders have forgotten all about you so WELCOME TO THE RESERVATION"
https://www.youtube.com/watch?v=-LA-S64QY3o
Trillion dollar coins bitchez!
Brussels Bank guy: "Can I help you, sir?"
Man in dark glasses: "100 billion in USTs, please."
"Certainmont. By the way, are you kin to the Mr Bernanke who just retired?"
"No. I, uh, get that a lot. I think it's the beard."
"Who should I mark these down to?"
"Uh, Belgium. Ben Belgium."
"Here you are sir."
"Here is the cash- in that truck. Careful, it's fresh."
crash bitch crash physical silver people
WTF Tyler? Are you recyling headlines, again? Belgium's total is the same as from http://www.zerohedge.com/news/2014-04-15/shocking-buying-spree-americas-... acording to Zerohedge from April:
Except that it isn't.
Reading is difficult for you isn't it?
Something is rotten in Denmark, er Belgium.
Everything is rotten in Brussels, Belgium. It's a bought and paid for suburb of Washington, D.C.
No taper, like no taper.
LOL
Obviously we need to topple the Enemy and instill a truly Democratic Leader who loves T-Bonds.
I wonder if some US-backed Ukrainian / Polish / Baltic stooges followed IMF's poison pill advice and took up positions in the toxic US treasury bonds.
NO TAPER AND THINGS STILL SUCK
I have been studying the bond markets for years now and have come the inevitable conclusion that there is no bond market anymore and has not been there for some time. All it seems to be is central bank trading paper. Who here on ZeroHedge buys US Treasuries? Hello, anyone home? That is what I thought.
No one in their right mind would buy that crap even on five years. Why even issue bonds anymore? It is fucking retarded. The Ukrainian thing yesterday about summed it up perfectly. My head hurt so bad that I could not even comment and thank goodness that ZeroHedge brought it to light.
All the bond markets are now is one big scam and you have to ask yourself, "Who invests in that shit?".
Pension funds, fixed income funds.
Good point Bastiat. Like in California? sarc/on
Amen brother (sister)!
How true.
My ass still hurts from GM/Chrysler
I am buying these Treasuries via Belgium; my letter of credit was run through Freddie/Fannie so all is good.
Why would Russia not sell them all right now...sky high prices for them..they are not going to lose money...and if the USA is your new enemy...why support them????
Because all oligarchs like the paper game. All it would take to end this charade is for a super power to demand payment in gold or commodities or for one to adopt the gold standard.
in otherwords they don't want to start a grassfire when they are trying to grow grass in the next field over
They don't get to choose how they are reimbursed
Long ago I remember a business story of a business man who sold merchandise to the Congo that had no real convertable currency at the time, and had to take payment in aligator skins that he somehow traded in another country for a tradeable currency. As bad as fiat is barter is much more inconvienient.
That's only 31k per Belgian or 100k per household. Move along, nothing to see here.
Silver For The People
cant pin you down Tyler! Are you mad because you understand or mad because you don't? THERE IS NO ARCHDUKE OF BELGIUM and no government in Belgium to thank you for its national income derived from just A SMALL PORTION OF OUR DEBT PAYMENTS! You guys really dropped the ball ON GOLD today! It is acting better than it should?
Could the FED be buying Spanish, Italian, German, French bonds?
It would explain why the rates are so low in Europe.
Then - the cash is converted back to dollars and used to buy UST.
Fed creates $300 billion dollars - converts it to Euros - buys European government debt from European banks -
Banks take $200 billion worth of Euros and convert it to dollars - buy UST.
The FED is re-capitalizing European banks - and they are giving the FED a "reach around"
History has shown that central planning doesn't work. For all the propaganda about America being free and democratic; government officials and crony-capitalists are looking a lot like the old party members in the soviet union. Turn the people into a nation of renters, who own nothing and must prostrate themselves to party-members to put bread on the table and we'll go into the historical dustbin like all the others before.
Take it away Nancy: www.youtube.com/watch?v=SbyAZQ45uww
Must be the incredible liquidity that the high frequency traders provide?
Who else could it be but The FED.
maintaining peace order and stability throughout the world since 1913.
But Belgium has plenty of chocolate coins wrapped in gold foil - that's more than what's in Fort Knox.......
If you dudes really had some BALLS WMT would be axcatch in the lower 50s or you can wait for the next dead cat in history to weave its web around your capital?
May 15, 2015: Lichtenstein Buys $100bln UST per month. US Treasury says: Hey, they like our paper.
i went to the corn auction in Iowa, the silo operator was full and fully hedged, (some say he has a problem at the nearby riverboat casino) so when the bids for the corn started coming in a little low, he sent his brother in law out to raise the ante. the technique is just to boost the price a bit, but if his brother-in-law ends up buying some himself the money and the corn come back to the operator and the whole process begins again. now who wants to buy some corn? after a few months of this the operator is sitting on a lot more corn than he would have normally, and the buyers are reluctant at the price. the other corn sellers can't pick up the slack, so there are rumors of shortages, and every time the price drops a little buyers jump all over it. eventually the operator of the first silo lets some out to other silo operators, but he's careful not to let so much out that the price will fall, and they are in on it too. if someone comes offmarket with a load, tanker from south america, then he has to buy it up, in order to control the value.
the operator in this tale is fictitiously named Noxin, a poisonous fellow, he has a list of people who don't play the game, his enemies list, and he's worse than the Tuna brothers, who just wanted to corner the market in silver, Noxin wants to control the markets and the economies. and every president since Noxin has tried to do the same thing, with differing results. then a high school math teacher figured it out, with a lot of help; Burns Lanky, and his wife Jellin'. He is the brother in law in this fable, and belgium connection is Ctrl-P.
Gee, its seems that "Belgium" has puchased almost it's entire GDP in US Treasuries!!?? Weird. I'd say that qualifies as a risky bet. How long can this ruse continue. ANSWER: Not very
If I were Belgium I would sell all those bonds and go on vacation for a year or two.
Somebody better ask this question to Draghi.
The explanation is simple. Now we know why this is timed nearly perfectly with Bernanke stepping down. He evidently moved to Belgium and is so used to buying T-Bills he is walking around from Brussels to Antwerp knocking on every citizens door getting them to pool their money and buy UST.
At this stage of the game he is a debt buying zombie and in between talking for 250k a pop (his bribe) it's all he knows how to do.
i tend to be in the camp that says reserve currency, so what? but when you make the case that in zero sum terms there is no difference in practise when us currency is (sterilzed) through monetization, or the swapping of tbonds you can make the case for a us crash if our reserve currency status is lost. the russians apparently don't need anything we have (or there is so much overcapacity in the world it seeps into the country by osmosis) now the case of belgium (and obvious US buyer of last resort) is really an offbalance sheet shenanigan. where are those bonds going? the basement of mariner eccles where the gold used to be, or to be eventually repatrioted for cash? the question the bonds won't disappear, and its quite likely in the future that lots of bonds will be bought in belgium, depending on how much usg wants to monetize. belgium is the offbalance sheet capital of the financial world, what switzerland once was to gold.
Clearly it is the Fed and a few bilderberg cats whom are scrambling to make sure the dollar remains the reserve currency. This title is the most powerful weapon the US has. If the dollar loses its title, life as we know it changes dramatically. There is no such thing as real economy and indices don't represent what is really happening.
CH
indeed...if the USA were behaving it might be lauded and allowed to wear the 'world reserve' title a bit longer but it is not.
Instead of doing good it is doing 'easy'. Just keep the currency afloat and silence the alarms. In the end they'll say they did everything for the good of the world but everyone will see who cheated.
I just hope those who take billions out of the economy, just because they are close to the source of funds, get caught with their pants down and lose it all to hyperinflation. Probably they won't but a fella can dream.
SHIT-SHOW-PALOOZA!
THIS FUCKER FROM BELGIUM...DOES HE/SHE KNOW MARIO MOTHERFUCKING DRAGHI?
I bet so....
That's the United States real president out of Brussels that is buying the treasuries. WWII did not end. Germany won and now they control the US military, NATO and now they are going for the world. Get ready to meet the Department of Homeland Security. Nazi M'Fers.
I see desperate in your face manipulation. Stock markets ramp up almost everyday from 1530 to 1600 hours. PMs market ramp down almost every morning. Now, Belgium is buying billion of bonds.
They don't even care about covering their track anymore. The end must be near.
'tis
I would be willing to bet that, like the tip of an iceberg, the mystery deposit was one step in a multi-step process that STEALS BILLIONS.
Remember Rumsfeld saying the pentagon had lost 4 trillion dollars ON 9-10 the day before 9-11?
They rob banks because that's where the money is.
Do you think the fed would tell you if they were being robbed and didn't know how?
UST Debt = Belgium Toilet Paper
The new fashion in Europe is to wipe your ass with UST's.
Obviously: North Korea.
They've graduated from counterfeiting $100 bills to the new $1,000,000 bills with the image of Daniel Boone on the front and the real national bird, the turkey, rampant on the back. Shipping containers full of the bills have been arriving in Antwerp for months.
Hey, everybody knows they are fake, but it's convenient. Hey, we even boosted the prices of treasuries so Russia could unload them at a profit. Make way for your new overlord, Kim Jung Un.
an anagram for Belgium is 'the Fed'...keep trying, you'll get it eventually....
BileGum
A Belgian Dentist.
sounds dirty
didn't read through all the posts.
Is someone yellen out the answer?
LOL. Crock of shit. Criminals telling us all everything is A-Ok. All the while panicking behind closed doors with no ideas other than to blow shit up and kill people.
My guess ECB behind that pile. Bought it to prevent a massive surge in Euro.
Bought with FED Dollars via ECB ... give a little, take a little
If ECB had secretly decided they want to start printing in the near future (1-2 years), would be very profitable to park a few hundred billion into some other currency. Better yet, print already, just don't disclose... Technically they could masquarade it as something else.
PIIGS are hurting for more money while taxes are tapped, toxic combination.
It seems the silver fixers have a new hobby.
operation stealth qe is now in effect
Now the US can pay its NATO & UN bills and we can invade a few more Countries that have gold but no western-controlled central bank ... hmmm, are there any left worth looting?
This is how the U.S. plans to pay its foreign debts, by devaluing the value of those debts, as countries rush to dump, they will take any and all offerings even at 50% face value of the debt ;p
Its all digits in a computer. As long as the oil keeps flowing, walmart shelves are somewhat stocked, the Mexicans keep sending produce north, airplanes stay fueled... status quo. The numbers will be MADE to work...or at least that is how i feel about the whole thing. Not to say some won't get the shaft. The middle class will continue to be gutted, the poor will stay poor and the rich will continue to accumulate wealth...
<-- Tighten money supply and reduce national debt and spending to bring about a strong dollar.
<-- Smash gold/silver to maintain the "perception" of a strong dollar and print & spend like hell.
Interesting the number of commentators who suspect the FED right off. This is bad news for the FED because it indicates the overall level of trust that organization has and it also cross contaminates with all the other US executive branches. IMOAO things are getting so close to a tipping point that all it will take is some HFT group to sneeze when they put in an order or an EMP pops over one of the US coasts.
Fuck Belgium.
Fuck Belgium.
Fuck the EU.
it's a simple Fed Terminal sent on vaca, sippin fine beer in Belgium and buying treasuries from itself.
AT WHAT POINT DOES THE CONFISCATION OF THE INCOME PRODUCTION VALUE OF HUMAN, NATURAL, AND CAPITAL RESOURCES, BY WHATEVER MEANS, RENDER PRIVATE OWNERSHIP MOOT?
If economic philosophy is ever restarted in the future this is the question.
Just a dumb question but when the treasries were sold what woukd the seller have received payment in?
US$ - SCAM
The more interesting qestion would be. How will the position be unwinded?
It wont
So, the US gubmint very much frowns upon money laundering by citizens, but itself engages in a vast money laundering operation...?
What am I, a US citizen, to make of this?
Exactly! +1295.
If I understand correctly, the Gubmint utilizes a straw-man - the Federal Reserve Bank - to effectuate this money laundering scheme. And that makes it OK?
So, if a citizen utilizes a straw-man to engage in money laundering, is it then also OK?
My bro who is a pro trader in Belgium, sez : lotsa SICAV's located in Luxemburg are also counted now as Belgium
http://en.wikipedia.org/wiki/SICAV
What woyld Russia have received when it dumped its treasuries?
A: Vilification over Ukraine and subjection to a massive propaganda operation.
One thing to keep in mind, Russia dumped 26B in March, it's now May 15th.
Here is the timeline of Ukraine events Dec-mid March.
http://www.usatoday.com/story/news/nation-now/2014/03/06/ukraine-russia-...
Putin wasted no time dumping treasuries. So by now treasuries holdings could easily be down to 50-60 B
Russia is moving increasingly to build walls around its economy,
http://www.voanews.com/content/russia-trade-policy-under-fire-at-wto/191...
...trade ties between the U.S. and Russia are minuscule:...
http://finance.fortune.cnn.com/2014/03/18/us-russia-economic-sanctions/
Putin has no need for the US. and soon he will require only euros, yuan or whatever for oil.
Basically he's in motion severing all links to keep the west from dragging Russia down.
Financial war and FED shenanigans in full swing! 'Belgium' FED’s second 'Cayman'.
Russia and even China could dump all their US Treasuries and the Fed Would just buy them all for pennies on the dollar. We haven't even monitized the Grand Canyon yet.
We haven't even monitized the Grand Canyon yet...
Maybe not, but Senator Reid and his son Rory are getting pretty close. How much paper will China rip up in exchange for funding a Reid dynasty and physical presence on US soil? Bunkerville Nevada's not more than 5 miles from the northern border of the park.
Wow, after reading over all of the well informed comments in this thread, I've got four words to say:
DON'T AUDIT ME BRO!
Question: Is it illegal for the FED to do off balance sheet QE? Can't they simply stash freshly printed Dollar bills in suitcases, fly to Brussels and show up at random Bank's windows to buy US-Treasuries?
More generally, is the FRB subject to the laws of the United States?
how bout the basic principles of common decency?
It is illegal for everybody else but the FED.
The plan is to destroy America, as we knew it.
why isn't ,the same curiousity taken about even smaller, even broker Irelands massive increase in Treasury holdings
'07---> $19 B '14 ---> $115 B???
But look @ the bigger picture...
BANKING EURO
'00 '07 '14
Ireland $5 B ---> $19 B ---> $113 B
Belgium $28 B --> $13 B ---> $381 B
Switzerland $18 B> $34 B ---> $175 B
Luxemburg <$5 B-> $60 B --> $145 B
TOTAL $56 B $116 B $815 B (1400%+ increase)
Belgium is just the most recent torch carrier for EU treasury buying...
Compare and Contrast with this...
CORE EURO
'00 '07 '14
Germany $54 B ---> $50 B ---> $63 B
Italy $20 B ---> $14 B ---> $31 B
Netherland $13 B-> $15 B ---> $35 B
France $27 B ---> $10 B ---> $57 B
Spain $20 B ---> $<5 B ---> $23 B
TOTAL $134 B $94 B $208 B (55% increase)
This is all unbelievable. I have to think that well connected people like Tepper know this and they are saying that this can't go on much longer as the markets are indeed dangerous here.
QE is dead!! Long live QE!!
http://rt.com/business/159196-visa-mastercard-morgan-stanley/
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Watch free on you tube: http://www.youtube.com/watch?v=hkCe43V3XFc
"does Europe provide jobs and democracy"
corny. who wants jobs or democracy? people are being brainwashed all of their lives to settle for 'jobs and democracy'. there could be so much more in life than 'jobs and democracy'. so is that the plan? make things so 'bad' that 'jobs and democracy' begin to look like a 'good deal'?
Could everybody send this report to Drudge. He sometimes posts things from ZH. This shit needs to get out to more mainstream.
I guees you didn't hear Drudge got comp'd. It's all about trainwreckwomangivebirthtoalienlindseylohangaymarriageabortion shit anymore....
Is it possible some pension funds are buying with their sheer endless money (as long as pensioners keep quiet) where, just coincidental, a known lad named Guy Verhofstad could possibly be heavily involved?
BIS. The holding company for all the cabal owned banks has offices there is probably the new Cayman Islands for the secret accounts.
So ... When did that Belgian banker die? April?
Watch how democracy died in Europe, killed by politicians who ignore democratic voting results over and over.
EUROMANIA 2014 new documentary: http://www.youtube.com/watch?v=hkCe43V3XFc
We have to consider that in a fiat world, nothing seems impossible as there is unlimited potential to print the world reserve currency and use third, fourth and fifth parties to ease it into the system. I think we all know that there are not enough real buyers of US debt to soak up what is being issued, and worse yet, what will HAVE to be issued going forward. Think future tense, imagine our debt now, then imagine how much greater it will have to grow as the months and years pass. We spend double our tax revenues, this leaves Government in the USA as totally insolvent, but for the power of the fiat dollar, and it's world reserve currency status. It has been hinted by some economists and nation security types that the real reason for America's one trillion dollar a year miltiary and spy complex is to enforce dollar hegemony. I can easily believe this to be true.
To get a taste of US spending habits, the NSA spends 10 billion dollars a years just on it's collection of all the world's internet and phone traffic, this is just collection, not analysis of the ocean of data. This type of spending by the USG could only occur in a world where the fiat dollar is printable to infinity and accepted by all the world as a store of value.
The real war ahead is the currency war, the USA has no choice but to enforce dollar hegemony at any cost, as it is the foundation of American power. Looked in reality, how long could America function of 50% of todays Government Spending levels? I give it a week before collapse begins as oceans of money flowing into people's bank account ceased. We are slaves to the priting press, wither print, or collapse. I can't see a counter argument to this, as it is fact that we print to survive.
It's obvious who's buying, isn't it?
It's Gerard Depardieu! The man's a beast!
This is beyond possible repair.
The FED really must have their pants full of shit if they deploy such drastic and obvious measures. But what are they thinking? That this is just temporary and it can be undone again?
Simply: WOW.
2014 the year of the reset.
It's the Fed itself buying. QEBelguim4Ever&Ever.
Seriously funny stuff.
Mandy on CNBS just said Bookvar intimated that China is buying T's thru Belgium.
hahahahahah
Belgium known for Waffles, French fries, Mussels, Beer, EU parliament and Headquarters of NATO. Which 2 could influnce $40 Billion of Treasury's.
Don't forget chocolate and tourism.
So, and I am asking seriously now - is there any doubt, any serious doubt, that this is the Federal Reserve doing backdoor QE, presumably because any tapering will result in the stock market, and probably bonds, taking a giant shit, while PMs would go through the roof?
I mean, it's not fucking Belgium, right? It seems like such an obvious shame - maybe hey just count on "the masses" not knowing or caring about it?
Best place to hide is often right out there in the open....
Ha, we now know the true purpose of the Black Triangle UFO wave of 1989 to 1990 that terrorized Belgium back then.
What exactly is it that do they do to make so much surplus money to put in such trashy "investments" as USTs?
The y axis should start at zero to be less misleading.
Fed: The bond buyer of last resort, and master of lies of the first order -- well, at least we can still figure out what these jerks are doing.
Dave Kranzler will be joining Doc and I on this week's SD Weekly Metals & Markets to discuss this lunacy. Tune in Saturday morning to SilverDoctors.com -- Eric Dubin
=========
Belgium “Adds” Another $40 Billion Of Treasuries – Russia Is The Seller – The Fed Is The Buyer
By Dave Kranzler
http://thenewsdoctors.com/?p=153918
...and it probably will not be long before the Treasury decides to kill the "TIC" report. Can't have data showing that your pants are down.
Insiders
Big Mule! Anagram for Belgium.
It was the Chinese washing their cleanest dirty laundry.
Next thing you know, 'Belgium' will be taping T notes to the refrigerator door.
Back door QE.
This entire bogus financial system MUST fail.
so, late to the party am i, but here it goes:
so, let's assume nobody's stupid.
now, why would anyone buy t's ?
my best guess is that they figure to make money doing it. but then i realized i was asking the wrong question.
the right question is: what are they buying the t's with?
my best quess is that whatever it is, its going to be worth less then than it is now.
funny if it were a ruppleyenyuan denominated electron.
gotta love electrons.
:)
SERIOUSLY, YOU DO KNOW THIS IS WHERE Draghi LIVES............................FIGURE IT OUT! iF YOU NEED HELP, PLEASE CALL!
SERIOUSLY, YOU DO KNOW THIS IS WHERE Draghi LIVES............................FIGURE IT OUT! iF YOU NEED HELP, PLEASE CALL!
ZH has it wrong, Russia just really buys a lot of Belgum chocolate with treasuries.
Could there be some link between the April 30th announcement of 3, 10, and 30 year US Treasury bond auctions for May and a €50.8 Billion drawdown in the ECB's MRO program?
Could there be a link between the escalation of the outstanding MRO facilities increasing since November 2013, correlating with the beginning of the Taper?
Are these short term facilities being drawn in preparation for the US Treasury Auction, anticipating weak demand, and any that are not used or which can rapidly be flipped in the open market post-auction on May 7 are being paid back to the ECB? Because on May 7 the MRO facility drops by €43.5 Billion?
The US is the buyer. I've suspected all along that there must have been a national security aspect to the crisis and bailouts, otherwise there would be a lot more bankers in jail. Clearly, this supports that theory.
Russia dumped nothing. They switched custodians from the US Fed to an entity that shows up in Belgium. They did this to eliminate the potential of confiscation.