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Russia Dumps Most US Paper Ever As China Reduces Treasurys Holdings To January 2013 Levels
Back in December, Socgen spread a rumor that Russia has begun selling its gold. Subsequent IMF data showed that not only was this not correct, Russia in fact added to its gold holdings. But there was one thing it was selling: some $22 billion in US Treasurys, a record 20% of its total holdings, bringing its US paper inventory to just $86 billion in December - the lowest since June 2008.
It wasn't just Russia: the country that has ever more frequently been said to be in the same camp as Russia - and against the US - namely China, also sold another $6 billion in Treasurys in the last month of 2014, which would have made its US treasury holdings equal with those of Japan, if only Tokyo hadn't also sold over $10 billion in the same month.
And while we know that Russia used at least some of the proceeds to buy gold, the bigger question is: just what is China buying with all these stealthy USD-denominated liquidations, and how much gold does the PBOC really have as of this moment.
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If they are even a smidge smarter than I am, they would dump all holdings within 6 months.
One thing for sure; the Russians are winning the war on the ground and making the West look like a bunch of fools.
Too bad the avg american sheep could not point out russia on a world map.
Chinese is converting it's USD holdings to Ruble, which is backed by oil and gas.
Versus the Dollar which is backed by a gun to your head.
Actually a drone to your head.
The Achilles heel of the western bankster regime is the dollar hegemony backed by NATO. Remove it and watch the entire MIC house of cards fall. This will take time, but Russia and China 'get' it, and will continue to sell dollar holdings and deal direct. This is also why Putin is in the cross hairs of the USSA.
Meh.
All remaining US debt will be promptly purchased by the Federal Reserve; eventually they will own it all.
When you owe a debt in your own currency (Note: I didn't say "money") you can monetize 'till kingdon come.
So, what's the big deal?
[PS: I'm serious...]
But first 401k holders will be forced to buy the treasury debt. When 401k's run out THEN the fed will monetize til kingdom come
A few lawsuits could delay the inevetable with retirement accounts. That could be enough.
World Zionist (WZ) power is “counterfeit money” power to enrich themselves and power gained from immoral pernicious usury, a plague on the human race that causes massive debt-slavery and starvation worldwide for all others, plus the power to tax all others and also the powers to evade all criticism, laws and agreements.
central banks can buy stuff denominated in their own currency.
but they can't print gold or silver.
that is what powers the next leg up.
Buggers would just change the law.
Great, Fucking Russia gets moar interest than me.....fucked up!
That might cause a bit of a stock market crash, like 90% without the 401k's pumping billions in every 2 weeks
It's no big deal until a dollar crisis emerges.
A central bank that only has the debt of the own government on it's balance sheet (USrael has only 120 bn$ foreign reserves) has the following problem, when a currency crisis emerges:
It has no foreign FX to sell to collect the weakening national currency on the market. So it only can raise interest rates. But a currency crisis most often comes among a weakening economy. Raising rates kills the economy further, the government deficit rises, the currency crisis deepens.
That's the huge difference to - for example - the Swiss National Bank's money printing:
It printed it's currency to flood the market and to buy foreign FX, gold, equities with it. In a weakening phase of the Franc, it simply could sell these assets denominated in other currencies and buy Francs on the market.
The difference between printing money to pump up a bancrupt financial sector, or to finance bancrupt states (BoJ, ECB) and printing money to weaken the own strong currency.
Nobody understands that. Until a currency crisis emerges.
Just curious: what idiot has downvoted this first class educational information which can be found nowhere in the financial media?
some troll. I've noticed a lot of that lately
The 'system' does it. Just upvoted but got a simultaneous downvote. Happens fairly regularly!
Sockpuppets, either live or scripted. I've noticed a huge increase in sockpuppet activity here lately, so ZH must have gotten elevated enough on someone's threat list to motivate them to fork over cash for puppets.
They also seem to be keyword triggered, we've always had a few based off of keywords a certain middle eastern country created in the 1950s would care about, but I've noticed lately negative china-related keywords bring them out in droves, and the other day they went completely nuts when the Franklin scandal was brought up.
Yea, no shit!
Get with the program. We all up vote each other and only trolls down vote. How else are we to know we are right plus identify the trolls?
So, pardon a philistine`s question, if the US govt wishes to acquire, lets say, another carrier group for the incoming war and needs a few hundred billions for it, it suffices to dial them and pump the money into MIC, then a year or so later, receive the items?
Does the reserve currency status authorise such manoeuvers?
Troll and juncker bastards. Easy to do without a reply commentary. Hei what is problema. Debate. Uk buddies?
The shit is hitting the fun right now.There is no coming back.
Action now!
It's not, hence World War 3 is coming. Both sides will print to finance the war.
The war is here, and the US$ is the easiest biggest slowest juiciest target. So, when the Sino-Russian alliance take out it out of picture the Western empire of evil will crumble like the WTC towers in that inside job.
let's see..the FED steps in and BIDS UP the price of US Debt (i.e. flushing the interest rates into the toilet). Wouldn't any rational holder of US Debt sell to the FED while they're intentionally paying higher than natural market rates?
Buy low and sell high......check.
Selling overpriced US Dollars and Buying under priced Gold....check.
WINNING !!!!!!
That has worked well in Argentina. The stock market is at all time highs.
Seriously? Ask the Zimbabwens what the big deal is.
You'll be able to get your US currency at Costco nicely rolled in four-packs of nine rolls each. They'll be back by the dog food. Just mind the potential for butt rash after using for a week or so. Me? I'll stick with Cottonelle.
+100
Yeah, China, being a manufacturing giant, is slowly trading off their holdings of TPs, dollars, for friends and hard assets. Russia, being mostly extractive (oil & gas), is quickly trying to get into hard assets. China is probably orchestrating the whole thing so as not to get the TPs too wet, too soon.
Sort of fun to watch, and heartbreaking as well in watching Zion's desperate rape and murder of the rest of the world in an attempt to keep their ponzi going that much longer. The false-flags have certainly been amusing.
The banksters need to repay us.
It is like the Zionist west stole the world only to find the east in possession of it.
The false-flags have certainly been amusing.
I'll go with most of your statement, but there is absolutely nothing "amusing" about people dying.
By 'amusing,' I think the poster meant the pathetic lengths they will stoop to in order to sway the sheep. Those with their eyes open can cut through the tin veneer. And I mean tin.
The U.S. Has decapitated more than 400 +_ people with drones and we have the fucking hubris to have our controlled media tell us how savage the ISIS folks (obama) are. Saudi Arabia has also decapitated.
http://www.inquisitr.com/1458897/as-far-as-beheadings-go-saudi-arabia-appears-to-be-competing-with-the-isis-why-is-u-s-turning-a-blind-eye/
Don't forget,,,, never forget the NDAA...... Fucking truth is foreign to the U.S. Populace...
The war on gold is the war to support the Dollar, fiat currency crap backed by violence.
Which is more valuable to you; your hole-less head or oil & gas?..
People always forget (conveniently or accidentally) this fact, when they discuss USD 'intrinsic' value..
There is much intrinsic value in a hole-less head..
Don't worry. The Belgians will buy whatever the Russians sell.
Miserable Fat Belgian Bastards! Oh Wait!
They can stick that gun up thier other end.
to freeshitter: why would they even need to know where Russia is? Why burden their brains wth useless knowledge? they know what they need to know: all the names of the players in their fav teams
What is China buying? One word: America.
The Chinese are investing everywhere. The US is just one place.
http://www.heritage.org/research/projects/china-global-investment-tracke...
I don't really care for 'not being able to point Russia out on a map' as a guage of importance. Exactly what good would it do you if you did know? Nada. So we will seperate into two groups: 1. Those that are intelligent elsewhere asides from geography still get an A. 2. Those that are equally stupid everywhere else get an F.
That was profound...not.
Its located along the Potomac River and just North of Alexandria, right?
These are probably the same 25% of the sheep that believe that the Sun rotates around the Earth.
But they sure as hell know EXACTLY where Bruno Mars is performing next. This world is doomed.
If I were he/them/whatever, I'd be a seller, too. I mean next thing is Our Guys with the White Hats'll say, "They're not on SWIFT anymore (after we threw them off) so there's no way we can pay them, even though we really and truly double dare unicorn shit want to."
Sur-fucking-prise Surprise
Ooops that means they can't pay us either.
You mean "the rebels". Putin ain't doin' nuttin' just ask him.
Is that why Russians intent on emigration prefer to move to America and Americans (Zero Hedgers excepted, of course) prefer to stay in America?
You mean winning like that?
I disagree.. If I put myself in their shoes, it would seem that the current pace, is quite comfortable, indeed...
This is a long drawn out game & until Putin gets policy coordination to spur domestic economic development, he needs USD denomited assets.. Besides, with EU sanctions in place , on top of a structurally weak EU econ, deflationary pressures are likely to persist.. Thus, there is no rush to exit Treasury paper, as the deflationary bid , should remain equally persistant..
Putin spur domestic economic development? LIke he's some sort of Capitalist Jesus? They want to ban Tor and VPNs in Russia so that people can't access certain websites that are banned. Putin is a central planner like 'bama and Mao.
No disagreement.. I'm not a Putin apologist, nor a fan.. However, there is much room for domestic policy improvement & its trending in that direction..
Principles (like my & your distatse for central planners) are black & white.... Real life is many shades of grey...
In this case, domestic econ policy iis trending in the direction of a less shitty shade of grey..
Putin, like Hitler, faces a formidable enemy, Global Zionism. He seems to want as much freedom as possible but lose the chance of say Pussy Riot (the cheesiest of Zio scams yet) throwing an epic "rock concert" and taking over the Country. Putin is well aware of Hollywood's and the West's effect on the worlds young. He seeks the control he needs to keep his Nation State sovereign.
upvote.
Looks like we got some propaganda makers downvoting you IMO.
Funny how they downvote but never refute, isn't it?
Fucking clowns.
He probably wants to ban Tor because it's owned by Langley.
Please give me the names of the supposedly banned web sites in Russia. They wanna ban TOR in Russia while USA is spying on TOR. TOR is largely useless unless you wanna buy drugs and CP. Also, please tell me the last time you persoinally used TOR for legimate purposes (i.e. to read web sites).
As BigJim points out TOR is a creation & tool of the US government. They need "cover traffic" to disguise Intel agencies use of it (TOR traffic sticks out), hence the attempt to salvage its reputation in the post Snowden world. TOR stinks (NSA) was a nice piece of preemptive disinformation about the Intel agencies ability to break it.
A good wrap-up of the TOR situation: https://newworldorderg20.wordpress.com/2015/01/03/nsa-claims-tor-is-a-se...
VPN's Do you really think they are any different? There has always (in hindsight) ZERO ability to be private in any networked environment.
Just for kix, check out the Secret History of Silicon Valley: http://steveblank.com/secret-history/
(The backstory is very revealing)
Vlad's anti-free market. That's why he recently instituted price controls on vodka.
Whew...teaching liberals to think is hard work!
Quick, print more paper dollars!
Keep stackin' bitches.
As BRICS are in the processes to decouple economies from the Western neoliberal monetary monopoly, they could bring back the gold standard as a base for their transactions, which is much more steady than the paper money unstable financial bubbles. They are ready, because they are emerging economies with billions of potential consumer tanks and can attract other countries too being victims of the international financial mafia, like Argentina and Greece.
Maybe, but some time ago the US was the biggest holder of gold, and in theory still is. They would have had to have loaned out a shitload to not still be the biggest holder of bullion. If they did, and the bullion is gone, when did it get shipped out? Seriously. I have heard many stories, some credible, that the US doesn't actually have as much gold as they say. Can anybody produce a reasonable estimate based on evidence for how much of their stated gold they DON'T have?
If they even have half of what they say, they still have the most in the world.
Maybe, but some time ago the US was the biggest holder of gold, and in theory still is.
No, actually the Eurozone central banks own more gold than the official US amount.
And Russia has been buying aggressively and no one knows how much China has, but it's a lot.
If they even have half of what they say, they still have the most in the world.
But even if the US had the most 'official' gold (which only accounts for 17% - the rest is held privately) - so what? If we return to using gold as money, the US are (nett) an importer. i.e - the gold would flow out from the US to its trading partners. Why do you think the US ended convertibility back in 1971?
One suspects that the Euro area's actual physical holdings of gold may have a similar degree of margin of error as that of the US.
Same goes for China and Russia for that matter.
With another 17% of gold held by private holders in US. LOL
Seriously though, what makes you think US would be exporting gold in such a situation? People wouldn't be buying IPods if we reached that stage of emergency. They'd want food and energy, which the US has....
What cocerns me about the gold standard is the unknown amount of Au that's been accumulated by the 0.01% for a couple of centuries, awaiting a return to the standard. The amounts of gold held by nations is at least publically stated, whether or not it's true is debatable.
There is a likelyhood that there's a huge amount held by private concerns ready to play with gold evaluations in the same way that the Fed is playing with the $ .
FOFOA has dealt with this in the past, sorry I cant provide any links as I dont follow all that closely.
I dont have any specific remedies. I only hope that there will emerge from today's events a cadre of leaders that place their nation's best iterests ahead of international money concerns, much as Russia's and China's leaders are doing. At this time these two nations are acting as the seed crystals for global trade relationships seperate from the IMF/Fed/WB usery systems.
Something that comes to mind for me is that the 0.01% need and are heavily invsted in the fiat system. They absolutely do not want currency to be value based. Fiat is the greatest power-jack move ever performed against a people. They already won. They have value, we have debt.
This is not to say no 0.01% types are gold-hoarding. But they are dreading a return to value-based money, and they'll put a great deal on the line to ensure this regime stays in place.
The 'why' was the fact that the twin welfare/warfare states required more money than could be taxed or borrowed. The trade imbalance was mostly due to oil.
Had we been spending the gold, importing the oil, and converting that energy into salable productivity, there would have been no problems. Instead it got squandered by our masters.
Western monetary system is based on dollar. How it happened briefly:
http://x2t.com/Dec1913
the U.S. was dragging it's feet to deliver it's share of gold to the imf. dominic straus kahn was pushing the issue.
Bring out yer scrip...bring out yer scrip....
https://www.youtube.com/watch?v=grbSQ6O6kbs
"Right...see ya on Thursdee."
ebb and flow. pick the expensive asset and take profits. not really newsworthy is it.
Not you to decide.
i'm a buyer of ust here.
Me too... However, I rotated out of TLT & into TIP, a few months ago.. A bit early, but it seems like the better allocation, at this juncture..
And all mysteriously slurped up by Belgium...
Is Belgium the current extremely low key Roth residence?
Buyin the ruble, no doubt.
Gold. The ruble is fine. Remember what the Fed just said, "Stronger dollar will hurt exports". What is the US' chief export? Debt. Treasury debt.
The ruble dropped just like Krugman and all neo-Keynsian economists recomend. Russia is having no trouble selling their oil to China.
Now they sell USTs and buy gold which will back the coming monetary system which will be governed moar by China and Russia than ever before.
Actually, the Criminal Fraud UNITED STATES, CORP. INC. exports plenty:
Terror
Arms
Useless financial instruments like Derivitives
Inflation
Debt
CIA drugs. Actually we import those too.
Human / Child trafficking
Did I leave anything out?
Russia is having no trouble... Except how is that pipeline and gas deal moving along? Putin isn't stupid, he knows he's far to beholden to China, who doesn't like Russia anymore than it likes the US.
Chaos and death.
If you have a 5yr time horizon, gold is the best buy on the board, imo...
With the Narcissist in Chief in charge for another two years, do you honestly think the BRICTS will
take a chance on getting a competent sock puppet in charge of the US ?
I doubt they consider such things, when considering policy alternatives, but I certainly don't know..
@ Winston Churchill - I believe your question is rhetorical and you know the answer as well as I do. No, they will not wait until the NinC is out of office. Shit's gonna blow up between now and January 2017, they will make certain of that. They can't affort to wait, they must take advantage of the bozo that is in office now. There's no guarantee the next one will be as stupid, weak, and incompetent, although if they are banking on Hilarity Clinton being elected, perhaps they can be patient, as I'm not sure she wouldn't be even worse than the NinC.
Don't be so Naieve. They are plenty of Daivd Lee Roth Criminal Fraud UNITED STATES, CORP. INC. CEO Frontmen to continue the deception & illusion. The illusion will continue for as long as the printing presses at the Criminal Fed can counterfeit.
@prefan4200
FDR?
Daivd Lee Roth Criminal Fraud UNITED STATES, CORP. INC. CEO Frontmen..... Dafuq?
Maybe David Lee Roth = No Talent Ass Clown?
That's how I read it.
prefan4200 -- I can pretty much guarantee you that the next one will be at least as stupid, weak and incompetent!
"NinC in chief"
What deporable language.
You are an ignorant, stupid, weak fool.
What is your complaint precisely? If this idiot in office is not a narcissist nincompoop nobody is...
You are a fool who relies on PC language to maintain a worldview your guts and brains cannot provide.
Obama is a puppet,an idiot, a narcissist fine; but to use the N word is racist ,crass,ignorant: period.
No wonder the US has so many race problems when somewhat educated people use such deplorable language.
Pathetic.
The only time I EVER hear "nigger" in real life is either in rap songs (sung by blacks) or blacks saying to each other.
Whites are deathly afraid of uttering that word in front of other whites, who will mercilessly shame them, shun them, and do the ultimate punishment, call them a racist like you have.
You know what? FUCK YOU. NIGGER NIGGER NIGGER. You call me whatever the fuck you want. Doesn't matter. I know the truth. I lived it for 18 years.
If you ever lived amongst urban blacks you would know the truth. They hate whites just for being white.
They will kill you as soon as look at you. Try asking one to act in a civil manner (such as please stop cussing in front of these children) and watch the violent shit show begin.
Like Richard Pryor *(a black man FYI) once sung on an obscure comedy album from the '70's" NIGGERs. Are Niggers. Are Niggers."
Now fuck off you liberal PC piece of shit. You want to live with your black brothers because they're just like you? OK. Try New Orleans, Baton Rouge, Baltimore, Clevland, Columbus, Oakland, Detroit, Atlanta, or any other fine urban living zone to see what real racism looks like somewhere where whites are not the majority.
Real racism will kick you in the head for fun and rape your wife. Real racism exists amongst non-white groups, who are free to act out on their impulses and attack whites, because they are protected by the government and ignorant liberal whites who insist that only whites are racist (aka fake racism). Real racism is when groups of one tribe single out members of another tribe and brutalize them just because they are a member of the wrong tribe.
In america this gets played out daily -- it's called black on white crime. Look up the number of black on white rapes vs white on black rapes. The numbers? About 30k black on white per year, about 0 white on black.
Square that with your precious bullshit ideology. Only an ignorant person or a paid shill would assert such a bullshit theorem on this site of all places.
You my friend are either a useful idiot, or a paid shill.
Your liberal fantasy of equality has nothing to do with reality and natural law.
/fightclub
refuse:Your profanity and ignorance about the subject you lecture on (actually, Ricahrd Pryor stopped using th eN word in his performances in 1978 after he had visted Africa-illustrating that you don't know what you are talking about)condemn you to a life of little understanding: about your life, the world and higher philosophical ideas. I
I feel sorry for you.
"The unexamined life is not worth living"
Plato
@ oudinot - It's racist of you to bring race into a discussion that was not about race. My use of NinC was an abbreviation in reference to Winston Churchill's post about the Narcissist in Chief (NinC). You wanna tell me exactly when Narcissist became a racist word?
Then I retract my earlier statement and apologise.
Obama is certainly a narcissist.
the reneger in chief, has done a 180 on every campaign promise made.
They updated chrome on my phone and now I can't tell if a page is lagging, loading or frozen till it loads completely.
I like John Lennon's definition. He had the balls to say it out loud on national television, too. It's on youtube.
I like John Lennon's definition. He had the balls to say it out loud on national television, too. It's on youtube.
I'll narrow it down a little more.
Between July this year and Nov. 2016.
However , if we have a drastic crash before, they might move anyways.
Never let a crisis go to waste.
The "Bozo" they placed in office was selected to be the Fall Guy they blame for the collapse. There may be the chance that even he doesn't know that. When the time is ripe they'll produce the real birth cert, then martial law while they sort it out. That may take a very, very, long time.
Oh fantastic! So we'd be stuck with Biden in the process.
Seriously? POTUS is a scripted position with no latitude for personal judgement. Next one will be taking orders from the same people... or he/she will end up jut like Kennedy. Russia and China know this, even if you're still naive enough to believe voting matters.
I've always had that voice in my head when I go to vote in prsidential elections asking why do I cast a ballot for President?
After all, in he not elected via Electoral College delegates?
problem with pm in shtf is not the value of the materia, it is when you have to exchange for a daily uptake like bred, if you give 1oz at once, not menting value you credit to gold at this specific moment, how many bred you can buy ? will your bred vendor will produce daily for xxx days because he owes you the xxx bred for an oz ? is gold eatable ?
pm is to me ok for a safe phyz in transitionnal system, in a collapse situation when nothing worth anything and anything worth nothing, the value of the daily needs, the reel value is the daily consommable.
resepct to PM stackers, but, mathematicly, if you trade pm for daily goods, goods must come from somewhere, if money not worth anything, how the system can keep producing those goods... a stock shortage must comes into play soon or later, and that means, to me, more problems.
just my 2ct.
Mercury Dimes & anything up to & pre 1964 dimes, quarters plus anything Copper up to & pre 1982 pennies. Wink, wink. Just my .2 sense.
Your labor [or your daughter if she's good looking].
Maybe 22LR. becomes the medium of exchange. 9mm and .45 acp are the bigger coins. .308 is the $1.
Silver quarter replaces the $5.
Yeah, except the FRN aka Fetzen Dollar will no longer be a meaningful reference. More than likely we will reference the original definition of "A Dollar" which is 480 grains of fine silver. makes a fine starting point for valuing other coins and commodities both large and small.
371.25 Grains. FYI
Absolutely no idea where you conjured that figure. ...?
Troy Ounce
Gotta dance while the music prepares... If the music stops, (nearly) everyone is fucked, including most who think they'll thrive...
I dont mind spending some 'prep' bucks, but when you're done buying insurance, you don't keep worrying.. You go back and dance, while the music plays.. In this respect, gold is a great buy..
I agree. In the initial collapse who's going to trade you anyway? If you come walking up my drive looking for food, you'll never walk back down it....
Which is why all communities begin with a marketplace.
Hunter Gatherer communities don't have marketplaces.
They also didn't have Kunlangeta preying on decent people. Hunter gatherers knew how to get rid of them.
Wildcat Banking. As shitty as banking practice has become; it does bridge the gap between raw commodities/equity and spendable cash/velocity/growth/available capital. Amazing how quickly people will return to sophistication about these matters once neccesity intervenes, and the television no longer blankets them with mental lithium. Protect yourself with real, unimpeachable value and, trust in the ingenuity of your neighbors to make it function.
I am Jack's....you know.
Record selling and yet treasury yields have dropped like a rock. Seems about right these days
Wrongo.
Yields have come up, not dropped, from 1.71 to 2.08 in the last two weeks in the 10 year.
They've sold about $80 billion worth over a two year period. That's just over $3 billion a month. The US Treasury market is something like a $500 billion a day market. How big an impact do you think $3 billion a month makes?
since gold price is now the cheapest ever, it would be stupid not to trade $$ for it.
do not forget it is paper gold, a note, not a phyz gold.
ye but you know, $$ are paper too... ofc physical is better but still. better to have gold on paper than paper on paper :)
if you can buy phy gold....
Once the BRICS start dumping Criminal Fruad UNITED STATES, CORP. INC. Asset Holdings, you'll know its ON like Donkey Kong.
For now, the Criminal enitity can print & buy up the Treasuries via QE to infinity. Howver, the Criminal Federal Reserve cannot print Soverign Foreign Currencies to buy up those Asset Holdings.
And, Viola! Collapse.
With all the sheep in the USSA, at least we won't have to worry about importing FETA cheese. They'll just change the name to FEMA cheese & call it a day.
Who downvoted this? And why wouldn't the fucking coward give an explanation?
HuffPO Troll brigade perhaps?
Truth/facts make liberals very uncomfortable. This is known.
What China is buying? Africa, would be my guess.
Miami and southern cal.
Zimbabwe just thought the Dutch were tough wait till the Chinese get their hands on those mines and farms...
"the country that has ever more frequently been said to be in the same camp as Russia - and against the US - namely China,"
Anyone dumb enough to believe that? China is in the same camp as China and nobody else. They'll take what they want when the Soviets can no longer protect it.
Willem Middelkoop: A New Gold Standard In The Making https://www.bullionstar.com/blog/koos-jansen/willem-middelkoop-new-gold-...
Russia and China dumping US treasuries and buying up gold? Not news. We all hypothesised this, so we shouldn't be shocked when more evidence comes to support this. Unless you like gloating....
What WOULD be more interesting is who is buying these dumped treasuries? Who is the maniac grabbing these bits of paper?
My hypothesis as to who is buying these treasuries? Here's a clue.
It's going back to roost.....
Now that everyone on the planet is directly monetizing their debt, what difference does it make?
Belgium.
So Russia is panicing now? they are under so much pressure i hope they get sensible soon
You serious?
you are on drugs-or havent grown emotionally since you were 8 years old
Don't blame innocent drugs.
HuffPo Liberal Democrat LGBT Troll Brigade Member... SOUND OFF!
"China, also sold another $6 billion in Treasurys in the last month of 2014, which would have made its US treasury holdings equal with those of Japan, if only Tokyo hadn't also sold over $10 billion in the same month."
So are they going to assert that Japan is throwing in with China and Russia? After all, it appears they sold even more T-bills, doesn't it?
Of course not.
The Chinese and Russians are not fools. Even if they are, in fact, selling Treasuries for the purpose of attacking the dollar at some point, they are not going to telegraph that fact, and give themselves massive losses on the deal.
What ever the amount that was converted from UST to Gold, they are likely underwater on the purchase price.
It won't cost the stackers as much for insurance with gold below $1,200.
Most likely all of these countries are selling the UST to book gains in bond price while also buying the local currency that is painfully declining. I have been convinced that BOJ was selling UST to fund their own JGB purhases and Yen support program, rather than print more Yen.
The Increase in yield on UST 10y has been greater than total yield on German or Japanese 10y. Someone had to be selling in SIZE.
All I know is that somebody's buying.