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Russia Dumps Treasurys For 14 Consecutive Months; China Slashes Holdings To Lowest In Over A Year

Tyler Durden's picture


Today's disappointing TIC report confirmed what Zero Hedge reported back in January, namely the record dumping of Treasurys by foreign entities as tracked by the Fed's custodial account. And while we will spare you the details of the report (found here), two things bear pointing out: the very demonstrative selling of US paper by Russia continues, and is now in its 14th consecutive month (as has been reported here consistently), as total USTs in Putin's possession declined to a fresh multi-year low of $88.4 billion, half of the $176 billion in October 2010. Also confirming that the Asian anti-USD axis is now one which consists of at least Russia and China (and certainly Iran), was the stepwise dump of US paper by Beijing which sold $32 billion in US bonds in December, bringing its total to a new post 2010 low of $1100.7 billion. And lastly, this was not isolated to just these two: in December the grand total of US Treasury holding by foreigners declined from $4.75 trillion to $4.732 trillion. The question then is: just what are China and Russia buying (ahem stockpiling) with all the dollars that are not recycled back into Treasurys?



Total foreign holdings:

As this chart summarizes, total foreign sales were the largest since January 2010.


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Wed, 02/15/2012 - 10:39 | 2161536 GetZeeGold
GetZeeGold's picture



Soooo....things are lookin up!




Wed, 02/15/2012 - 10:45 | 2161590 vast-dom
vast-dom's picture

this is all bullish for treasuries bc.....bc.....bc it is....bc....bc.....Bernank says it's so! Oh and did you hear markets are bullish due to some Chinese words about Greece being such a great bet and all....

Wed, 02/15/2012 - 10:49 | 2161603 Comay Mierda
Comay Mierda's picture

VXX has gone up while SPX has been flat the last few days.  crash is brewing fellas

Wed, 02/15/2012 - 10:52 | 2161618 LawsofPhysics
LawsofPhysics's picture

Maybe, I think we have one more spike in the ViX and dip to go through.  Lots of perfect storms brewing in March.  We'll see.

Wed, 02/15/2012 - 11:12 | 2161687 Dr. Richard Head
Dr. Richard Head's picture

So if China and Russia are not holding US debt, the baby boomer generation is now drawing down on their US debt holding to buy cat food to eat, and the next two generations are dirt broke because they live off of credit and have student loan debt to contend with, that would mean The Bernanke is going to be busy stuffing his banking cabal pockets with all of the new debt issuance needed to rollover the previous debt.  Sounds like fun.  

Beranke is going to need a bigger wallet. 

Wed, 02/15/2012 - 11:16 | 2161737 LawsofPhysics
LawsofPhysics's picture

Ben (and the baby boomers) have been painted into a corner for some time now.  There is a very real cost for creating capital without actually creating any real value or physical assets behind said capital.  Ben has been lying about the ability to "raise rates to fight inflation in 15 minutes".  If rates go up, America is bankrupt as the debt becomes impossible to service.

What will be interesting is when the Federal reserve and all central banks associated with the U.N., IMF and N.A.T.O. hold all the debt for the entire western world and the BRICs call bullshit on the entire thing and demand a new world currency backed by physical assets.  The BRICs continue their purchasing of gold and silver hand over fist and this is the only way I can make sense of it.

energy is going to be a major problem for everyone, but that is another discussion entirely.

Wed, 02/15/2012 - 11:58 | 2161775 hedgeless_horseman
hedgeless_horseman's picture



" is going to be a major problem for everyone, but that is another discussion entirely."

USA's oil imports from Russia going up, and Russia's UST holdings going down is a bad omen for the USA.

Wed, 02/15/2012 - 11:23 | 2161782 Spirit Of Truth
Spirit Of Truth's picture

Why hold bonds of a country you are going to nuke?

Wed, 02/15/2012 - 13:36 | 2162465 matrix2012
matrix2012's picture

Spirit, what a BS !!!

Sounds more like a Spirit Of Warmongering! 

No country will wage a war (incl. nuke war) against the USA, a militaristic imperialist with annual military budget over usd1 trillion, with hundreds if not thousand of military bases around the globe.

The other nations will just be doing the SELF-DEFENSE!

If a destruction ever happens upon the hegemon, the only cause is its own IMPLOSION!


“Civilizations die from suicide, not from murder.” — Arnold Toynbee 

Wed, 02/15/2012 - 14:45 | 2162798 Spirit Of Truth
Spirit Of Truth's picture

You're Toynbee quote is most appropriate.

I just uploaded a video in which J.R. Nyquist tells the blasphemous truth.

I suggest you watch it.

Wed, 02/15/2012 - 12:07 | 2162018 Malachi Constant
Malachi Constant's picture

"Ben and the Babyboomers" sounds like a band from one of banzai7's works.

Wed, 02/15/2012 - 13:33 | 2162454 Kobe Beef
Kobe Beef's picture

I heard they're touring with "Uncle Scam & the Bloodsucking Lobbies"

Wed, 02/15/2012 - 12:45 | 2162209 americanspirit
americanspirit's picture

LOP - I think you've nailed the basic dynamics behind all the smoke and mirrors. Not too sure about B or I's role but R and C are certainly on their way to having the backing for a new world currency cornered in their hands. Game. Set. Match.

And you can bet that the Goldmans and JPMs of the world are already positioning themselves to go with the winners.

Wed, 02/15/2012 - 12:46 | 2162223 grid-b-gone
grid-b-gone's picture

Ben says he can begin draining liquidity in 15 minutes.

The problem is the same people waiting for trickle-down will suddenly see their credit seize, leaving only cash-rich banks as a source of credit.    

Inject liquidity at the top, drain it from the bottom. Just like rain from God. Oh, that must be what it means to do God's work.

Finally, I get it.

Thu, 02/16/2012 - 07:35 | 2165225 andrewp111
andrewp111's picture

The overall trade deficit has to be compensated by an equal amount of foreign cash holdings, and the last time I checked the trade deficit wasn't going down very much. If Russia and China are selling Tsys, the dollars don't disappear. Other foreigners must be buying most of them. The only way those dollars are being repatriated is if the US is exporting some commodity, or if the US is exporting other financial assets (like stocks). It would be really ironic if the Chinese were selling Tsys and buying stocks instead.

Wed, 02/15/2012 - 11:12 | 2161716 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Someone want to tell me how my gold is going up while the dollar's going up while oil's going up while stocks are going up while the VIX is going up while bonds are going up?  How is it that everything has greatly gone up in price?  What's the term for that?  Bernanke?  Bernanke???

Wed, 02/15/2012 - 11:18 | 2161740 LawsofPhysics
LawsofPhysics's picture

this is not the decoupling you were looking for, move along

Wed, 02/15/2012 - 11:22 | 2161766 dracos_ghost
dracos_ghost's picture

Hmmm, let me guess. The Fed leaked some bombshell news to their buddies before the 2pm FOMC minutes. Formal (and moot ) QE3 announcement forthcoming?

Wed, 02/15/2012 - 12:30 | 2162145 tekhneek
tekhneek's picture

Yep, never stopped printing though actually so QE3's done and priced in.


Thu, 02/16/2012 - 07:38 | 2165227 andrewp111
andrewp111's picture

The Banzai7 groundhog already saw QE3.

Wed, 02/15/2012 - 11:25 | 2161795 xela2200
xela2200's picture

Your gold is not going up, and definitively the Dollar is NOT going up neither.

Wed, 02/15/2012 - 12:09 | 2162023 grid-b-gone
grid-b-gone's picture

Investing with a limitless interventionist Fed is like buying a car with painted windows and the hood welded shut.

The Fed is backfilling withdrawals from Russia and China, propping up U.S. equities, discretely printing over IMF and ECB mission gaps, and digitally balancing debt and deficit reports. 

The Fed stands ready to do more of the same for as long as it takes. This is the only public truth being told. 

Wed, 02/15/2012 - 12:43 | 2162207 JPM Hater001
JPM Hater001's picture

Im still trying to figure this out. So where is the money going?  Are they buying out AAPL?

Wed, 02/15/2012 - 21:43 | 2164368 Clockwork Orange
Clockwork Orange's picture

It is options expiration week.  

After 8 weeks of up, up and up, there are a lot of call owners who can now be wiped out.

Just put on your bankster hat, buy your puts, borrow some coin from Uncle Ben at 0%, and slam the shit out of the SPY.

Instant profit.

To all the retailers who just bought into the hyberbolic bankster ponzi rally, sorry.  They need to fleece the options holders now.  

They'll jam it again eventually when it suits them and Uncle Benny.

Wed, 02/15/2012 - 11:10 | 2161711 disabledvet
disabledvet's picture

Well the data doesn't lie: treasuries have rallied and rallied substantially on the news. In other news "Suleiman the Magnificent sends a message to the Bitch of Bulgaria."

Wed, 02/15/2012 - 10:55 | 2161640 tarsubil
tarsubil's picture

Yeap. Japan and the UK are picking up the slack. Since their balance sheets all look positive, don't worry, everything is bone.

Wed, 02/15/2012 - 11:12 | 2161704 Dr. Richard Head
Dr. Richard Head's picture

Ahhhh.  Could that explain the 10 trillion yen "liquidity" injection from yesterday?  My question is does Bernanke-son dress up as a Geisha totake these liquidity injections?  He should be careful those liquidity shots are FUCKashima radioactive.

Calling WilliamBanzia7 - time to make a Bernanke Geisha takinga 10 tril yen liquidity injection?

Wed, 02/15/2012 - 11:07 | 2161692 midtowng
midtowng's picture

I heard that if you sell treasuries to buy gold that this automatically makes you a terrorist.

Wed, 02/15/2012 - 21:44 | 2164381 Clockwork Orange
Clockwork Orange's picture

Either one separately brands you a terrorist.

Do them both together and you are a bonafide future NDAA-inmate.

Wed, 02/15/2012 - 12:01 | 2161987 ilion
ilion's picture

They probably buy US stocks as we speak, as who on hell would want to stick to the worthless bonds and dollars.

Thu, 02/16/2012 - 07:39 | 2165228 andrewp111
andrewp111's picture

That will work out really well for them, won't it?

Wed, 02/15/2012 - 10:37 | 2161540 4realmoney
Wed, 02/15/2012 - 10:38 | 2161543 GeneMarchbanks
GeneMarchbanks's picture


It's never enough.

Wed, 02/15/2012 - 10:38 | 2161546 boogerbently
boogerbently's picture

For every seller, there's a buyer, right?


Wed, 02/15/2012 - 10:44 | 2161583 CapitalistRock
CapitalistRock's picture

Not all treasuries were sold. Some simply matured and were not rolled over. Others were bought with freshly printed dollars from the fed.

You must pay careful attention to who the buyers are and how they were able to buy. This isn't money backed by gold. It's funny money. Easily created digits in a computer.

Wed, 02/15/2012 - 10:58 | 2161652 mayhem_korner
mayhem_korner's picture

For every seller, there's a buyer, right?


Not exactly.  For every sale there is a buyer and seller.  But not every willing seller has a mate, mate.  Least that's what the housing market's been sayin' for 4 years...

Wed, 02/15/2012 - 11:28 | 2161812 xela2200
xela2200's picture

Twist and shout.
Cmon, cmon, cmon, cmon, baby, now
Come on and work it on out.

You know you’re a twisty little girl,
You know you twist so fine.
Come on and twist a little closer, now,
And let me know that you're mine.

Wed, 02/15/2012 - 10:38 | 2161549 Cognitive Dissonance
Cognitive Dissonance's picture

The rats are leaving the ship. What do they know that we do not?

Wed, 02/15/2012 - 10:40 | 2161556 GetZeeGold
GetZeeGold's picture



Oh.....I think we all know.....we just don't want to admit it.



Wed, 02/15/2012 - 10:41 | 2161562 GeneMarchbanks
GeneMarchbanks's picture

That as it turns out, there is a greater fool. His name is _______

Wed, 02/15/2012 - 10:49 | 2161602 Cognitive Dissonance
Cognitive Dissonance's picture

<we join the sparsely attended meeting in the church basement already in progress>

Hi. My name is Cognitive Dissonance and I am a greater fool. It has been 6 months since I last greatly fooled.

Wed, 02/15/2012 - 11:16 | 2161733 disabledvet
disabledvet's picture

Hi, my name is GLD in investments. We bought Apple at 350 just a few months ago. Do we sell bitch or not?

Wed, 02/15/2012 - 11:31 | 2161830 Ned Zeppelin
Ned Zeppelin's picture

+1 CD

Wed, 02/15/2012 - 14:14 | 2162657 _underscore
_underscore's picture

..the looks like - 3rd largest holder of UST - what, for the love of god are the doing??

When you see these charts, the obvious becomes clear - the 2 biggest producers & manufacturers of raw materials & stuff are withdrawing exposure from the dollar, whilst the US's running dog, the UK, is lapping up as much of the excrement falling from its hemorrhagic, sagging & wrinkly imperial arse* as it can.

Sellers: wouldn't be buying gold/silver with the proceeds by any chance?

(PAGE could do with a nice fat inventory when it opens)

* = ass

Wed, 02/15/2012 - 10:50 | 2161609 GMadScientist
GMadScientist's picture

That there are better strategies than financing your soon-to-be enemy in armed conflict?

Wed, 02/15/2012 - 11:07 | 2161689 scatterbrains
scatterbrains's picture

Do you mean bernank financing our enemies by allowing them to dump out all our paper at artificialy high prices on the backs of the tax payers ?


Wed, 02/15/2012 - 11:31 | 2161835 xela2200
xela2200's picture

Bankers have no nation.

Wed, 02/15/2012 - 12:32 | 2162160 Rollerball
Rollerball's picture

+ a million gazillion trillions (with compound interest).

Wed, 02/15/2012 - 10:40 | 2161552 Vincent Vega
Vincent Vega's picture

Not to worry...The Bernank will buy them all.

Wed, 02/15/2012 - 10:39 | 2161554 mayhem_korner
mayhem_korner's picture



When do USTs purchased by banks and underwritten by Ben constitute "channel stuffing"?

Wed, 02/15/2012 - 10:44 | 2161586 Schmuck Raker
Schmuck Raker's picture

Are you bent over?

Wed, 02/15/2012 - 10:49 | 2161605 Cognitive Dissonance
Cognitive Dissonance's picture

Say "cheese"!

Wed, 02/15/2012 - 10:55 | 2161614 mayhem_korner
mayhem_korner's picture

 Are you bent over?


Funny, that same question was on the Fed 1040 form, right after it asks for your SS#.  :D

Wed, 02/15/2012 - 10:40 | 2161555 Corn1945
Corn1945's picture

It's worthless garbage. Again, 99cent store computing power can tell you this!

You are getting paid less than the rate of inflation on a 30 year bond! You are NOT getting your capital back so throw that bullshit excuse out the window as well.

Wed, 02/15/2012 - 10:40 | 2161561 LawsofPhysics
LawsofPhysics's picture

So the Fed (and all central banking families)  will soon hold all the western world's debt.  Same as it ever was.  got physical assets?  You fucking better.

Wed, 02/15/2012 - 10:41 | 2161566 RobotTrader
RobotTrader's picture

Treasuries and Muni-bond sitting near lifetime highs.

A 100 point selloff in ES is guaranteed to send bonds into orbit.

Investors are buying, not selling bonds.

Wed, 02/15/2012 - 11:03 | 2161675 lieutenantjohnchard
lieutenantjohnchard's picture

so on a previous post today the 'tard tells us that gold is signalling a huge upside move in the s&p. on his next post he tells us the bond market is signalling a 100 point es drop.

and folks wonder how robot trader claimed the title of 'tard.

robot trader: lowering the bar at zh since 2010.

Wed, 02/15/2012 - 11:20 | 2161756 disabledvet
disabledvet's picture

It ain't easy being a T Rex in Velociraptor land. Anywho...let's make it so easy "even a caveman can do it": if the market collapses as the retarded TD's keep proclaiming (three years running now) wouldn't this cause treasuries to soar in value? NOW WHERE'S MY (market) MELTDOWN BITCHEZ?!!!!!!

Wed, 02/15/2012 - 11:54 | 2161959 DosZap
DosZap's picture


Treasuries and Muni-bond sitting near lifetime highs.

A 100 point selloff in ES is guaranteed to send bonds into orbit.

Investors are buying, not selling bonds.


Yep, because their sheeple, and idiots.

They will be left with a empty pocket and a handful of bloody IOU's,and a sore arse.

Wed, 02/15/2012 - 13:07 | 2162270 Rollerball
Rollerball's picture

The reptile first swallows its own tail; then the kidneys, testicles, intestine, spleen, pancreas, gallbladder, stomach, liver, heart, lungs, trachea, and, finally, it's (a) black-hole blivit (in a vacuum).

Listening to Herr Tremolo Bern-a-key, the trachea is being swallowed as we ...

Wed, 02/15/2012 - 10:42 | 2161567 mayhem_korner
mayhem_korner's picture



And the General sat, as the lines on the map moved from side to side.

(Us and Them, Waters 1973)

Wed, 02/15/2012 - 10:45 | 2161572 ArrestBobRubin
ArrestBobRubin's picture

Like I've always said here, that Vlad Putin is one smart cookie. Bailing on the dollar is the only smart move on anyone's part. Pootsie just smelled the coffee early. As usual.

Yes what a sad legacy of dollar destruction has trailed in the wake of the Fed that those damn heathen Islamics set up in 1913 to control America and destroy our future.

Oh damn them! Damn them I say!

Wed, 02/15/2012 - 10:42 | 2161576 fonzannoon
fonzannoon's picture

Where does it show up or is there a shadow balance sheet?

Wed, 02/15/2012 - 10:42 | 2161578 LongSoupLine
LongSoupLine's picture

...the record dumping of Treasurys by foreign entities.


On that note: Flash to Fed's ever bloating balance sheet...

Wed, 02/15/2012 - 10:43 | 2161580 Everybodys All ...
Everybodys All American's picture

The treasury market works great until it DOESN'T and right now their are warning signs everywhere. Que up Robotard.

Wed, 02/15/2012 - 10:47 | 2161595 mayhem_korner
mayhem_korner's picture



The treasury market works as long as sheeple believe it does.  So long as they don't perceive the Matrix, the program keeps running...

Thu, 02/16/2012 - 07:54 | 2165232 andrewp111
andrewp111's picture

The Tsy market can never fail because Ben can buy up the entire Tsy issue - forever. And if rates are driven negative in nominal terms, it just becomes pure monetization of Federal spending. The real questions are (1) where is the money going when Russia and China sell their Tsys? If they are buying gold, the gold sellers are putting the money somewhere also. And (2) for how long will the USA be able to buy oil with US dollars? I suspect the answer to the latter is "until Iran becomes a nuclear weapons power". And you know what that means. War.

Wed, 02/15/2012 - 10:44 | 2161584 exiledbear
exiledbear's picture

Always low prices. Always?

Wed, 02/15/2012 - 12:04 | 2162008 hedgeless_horseman
hedgeless_horseman's picture

Nevertheless, for the love of all things Holy, do not shop at Wal*Mart.

Wed, 02/15/2012 - 10:47 | 2161594 alexwest
alexwest's picture


i dont know how TIC is compiled but RUSSIA CENTRAL BANK MUST KEEP HALF OF

there's currency peg ruble / $, euro,... ratio is 50:45 dollar, 45 euro, rest of sterling, yen etc

RUSSIA RESERVES ARE 500 BLN $.. so if its not treasuries what is it ?
fresh printed crips 100 $ bills.. :)))



Wed, 02/15/2012 - 10:51 | 2161613 Bazinga
Bazinga's picture

Banks and governments get to use the law any way they want to. MF Global was suppossed to do things by law...

Russia is buying gold with those Treasury dumps - and other hard assets.

Wed, 02/15/2012 - 14:25 | 2162718 matrix2012
matrix2012's picture

If such "Law" still exists today... it's GOD who writes down the LAW so it isn't bendable. LoL

Wed, 02/15/2012 - 10:48 | 2161600 Jefferson
Jefferson's picture

World War III has started already.

Wed, 02/15/2012 - 10:49 | 2161604 forrestdweller
forrestdweller's picture

from 4.75 trillion tot 4.732 trillion is not a lot.

it will take more than 25 years before all the us of a is the owner of all of its own debts. then they can pay themselves interest and make some profit.


Wed, 02/15/2012 - 10:55 | 2161633 mayhem_korner
mayhem_korner's picture

 they can pay themselves interest and make some profit.


Your /sarc key broken, or did you just open up a big tub of down arrow-itis?

Wed, 02/15/2012 - 11:04 | 2161683 forrestdweller
forrestdweller's picture

it's the the power of the rational mind.


Wed, 02/15/2012 - 10:50 | 2161608 EmileLargo
EmileLargo's picture

The REAL question is: what are they replacing it with? SHINY YELLOW STUFF?

Wed, 02/15/2012 - 11:02 | 2161671 f16hoser
f16hoser's picture



Wed, 02/15/2012 - 11:25 | 2161792 disabledvet
disabledvet's picture

"well Mr. about some uranium?" That's yellow too of course...

Wed, 02/15/2012 - 10:55 | 2161620 Yikes
Yikes's picture


Wed, 02/15/2012 - 10:57 | 2161648 Tyler Durden
Tyler Durden's picture

In case you haven't figured out by now, in the current environment, where every marginal dollar has massive importance, the scale is exaggerated on purpose to show which way the "margin" swings, i.e., the flow. Pointing out total value would focus on the stock which in a world in which only incremental flows matter, and fundamentals are forgotten, is completely irrelevant.

Thu, 02/23/2012 - 20:16 | 2191223 vast-dom
vast-dom's picture

everything is already exaggerated anyhow, so what's a little more or less in order to illustrate a point?

Wed, 02/15/2012 - 10:54 | 2161628 Bansters-in-my-...
Bansters-in-my- feces's picture

You sure can't be too careful when holding Ponzi Terrorist Treasuries.

Wed, 02/15/2012 - 10:54 | 2161634 EmileLargo
EmileLargo's picture

According to BUFFETT, they ought to be replacing that stuff with STOCKS!

Wed, 02/15/2012 - 11:18 | 2161743 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Shirakawa has taken note and is back to buying Cocoa ETFs.

Wed, 02/15/2012 - 10:55 | 2161638 Dermasolarapate...
Dermasolarapaterraphatrima's picture

The Fed will print up a few billions to buy those unwanted treasuries and give them a new warm and cuddly home on the Fed balance sheet.

Wed, 02/15/2012 - 10:58 | 2161651 f16hoser
f16hoser's picture

Who's laughing at "Preppers" now bitch? If you still hold more dollars than PM's you could be an idiot!

Wed, 02/15/2012 - 11:00 | 2161659 Gromit
Gromit's picture

Just means their effective trade surplus is a little lower.

Wed, 02/15/2012 - 11:01 | 2161662 f16hoser
f16hoser's picture

Other countries have found the Achilles Heel of the US Government! Too Many Petro-Dollars! YIPEE!

Wed, 02/15/2012 - 11:08 | 2161694 Elmer Fudd
Elmer Fudd's picture

Isn't the FED buying up Treasuries kind of like sucking your own d!ck?  Worst part is the Amerikan public is told Uncle Scam still has a hot girlfriend and believes it!

Wed, 02/15/2012 - 11:10 | 2161698 dwdollar
dwdollar's picture

Don't worry, Benocide will buy twice as many Treasuries as Russia and China sell with money that's not worth the paper it's not printed on!!!

Wed, 02/15/2012 - 11:10 | 2161710 miker
miker's picture

Putin hates America and Russia will likely sell off all its' dollars; they don't have any particular reason not to.  No significant trade with us.  China on the otherhand is still locked in love with the US in sale of crap and stealing of our technology.  So they have to hold on but probably have sold some to indicate a signal to Washington to "be nice". 

Eventually, some form of a second trading currency is bound to appear as the US and Euro continue to inflate their currencies.  Will very likely be in the Far East, start out small and have some basis in gold.  Just guessing.  That small change could be the tremor that shakes the world or it could start a real war (just masked to be about something else).  In any event, it is coming as the US puts off the pain it must suffer by putting the pain elsewhere in the world. 

Wed, 02/15/2012 - 12:39 | 2162157 ArrestBobRubin
ArrestBobRubin's picture

CORRECTION there my good friend: Putin hates who RUNS America.

As you should too, if you've got a pulse.

Helping defund the global crime syndicate behind the "dollar" and all the other fiat paper ponzi's the Real Terrorists (central bankers) have attacked the world with is nothing less than a Patriotic duty, and an act to be commended and praised.

So, way to go Vlad, hit 'em again for me. Spasiba Mr. Putin!

Wed, 02/15/2012 - 14:44 | 2162793 matrix2012
matrix2012's picture

The Nomadic Parasites will shift out of London and into Manhattan. And this will be presented under a camouflage of national slogans. It will be represented as an American victory. It will not be an American victory.

Until you know who has lent what to whom, you know nothing whatever of politics, you know nothing whatever of history, you know nothing of international wrangles.” — Ezra Pound (1885–1972)


Beginning in October 2008, several private Wall Street banks received taxpayer bailouts totalling over $6 trillion (and counting). This is not by accident. The word "conspiracy" has gotten a lot of bad press; it is an idea which has been targeted for ridicule. It is a word we have been conditioned to recoil from. We have been trained to reject anything called a "conspiracy" instinctively, without considering the merits of the information being presented. In most aspects of our lives, we recognize it is in our best interest to ask questions, be skeptical, and base our decisions and actions on as much information as possible. "Caveat emptor" (buyer beware), "look before you leap", etc... are well-known principles.

Yet if somebody suggests that many of the problems presently facing our nation are due to the influence of a highly secretive banking cartel, we have been trained to dismiss this idea with no further investigation. Sadly, it is the case. It is a matter of public record that the Federal Reserve Bank system is not a government institution (no more "federal" than Federal Express), rather privately owned by a handful of very wealthy families.

Have you ever heard of an organization called the COUNCIL ON FOREIGN RELATIONS (CFR)? If you look into it, you will discover that ever since the 1960's, every Presidential administration- Democrat or Republican- has had a large percentage of CFR members on their staff. What does this signify? Considering the power they wield, why isn't more attention paid by our "watchdog" media?

Did you ever wonder why Democrats and Republicans bicker endlessly, but once they are elected to office, they basically follow the same policies? When a politician comes along who differs with the narrow Right-Left monolith, (s)he is ridiculed or ignored. (e.g. Ron Paul, Tammy Duckworth, Dennis Kucinich).

Did you know that the Russian Revolution was primarily funded by Western bankers? On the face of it, that is absurd, since Communists claim they would take the assets of the wealthy, and redistribute them to the poor! What could possibly explain such behavior?

Were you aware that while millions of people lost their fortunes in the stock market crash of 1929, a small clique of the very wealthiest families in this country (Rockefellers, Morgans, Melons, Loebs, and Harrimans) were safely out of the markets when the crash hit? What did they know that the rest did not?

I could go on all day. There are literally thousands of instances I could point out which show clearly that the worlds of politics and finance do not operate as they claim to. Their driving principles have been obscured from the public. This book explores the history, philosophy, and function of the shadowy, secretive, insular, and unaccountable institutions which really run the world: the Federal Reserve System, the Bank of England, the CFR, and their international counterparts in the World Bank, the International Monetary Fund, the United Nations, the World Trade Organization, and countless others.

The ultimate goal of all these groups is to centralize wealth and power into the hands of a very small number of American and British banking elites. The book elucidates how worldwide socialist movements over the past 100 years were intentionally created or supported by this Western banking cartel, for the purpose of establishing a world political-financial system. The European Union, NAFTA, CAFTA, the African Union, and the widely discussed (sometimes denied) North American Union are all manifestations of this concerted effort. Gary Allen's insightful narrative describes many (not all) of the milestones this effort has passed over the past century, including the the secretive drafting of the 1913 Federal Reserve Act, passage of the graduated federal income tax, establishment of tax-free "charitable" foundations (by the Rockefeller, Carnegie, and Ford families), and the 1907 stock market crash- which was planned and executed by (Rothschild collaborator) J.P. Morgan. [Brian - Tacoma, WA, February 2010]


The book is a short 138 pages, but if you read it, you will never see the nightly news in the same light again!

None Dare Call It Conspiracy (1971) - Gary Allen

Wed, 02/15/2012 - 15:37 | 2163016 falun bong
falun bong's picture

Welcome aboard Matrix. Nice Ezra Pound quote. If that avatar is your pic, I want a date next time you're in Sydney.

Fri, 02/17/2012 - 08:37 | 2168917 matrix2012
matrix2012's picture

[New] None Dare Call It Conspiracy (1971) - Gary Allen

(md5 hash: f19c67eab311398c7d53a5cca56bf278)

Fri, 02/17/2012 - 08:43 | 2168925 valley chick
valley chick's picture

was just a young teenager when my mother had me read this book.  :)  My first eye opener experience with politics.

Wed, 02/15/2012 - 11:11 | 2161712 Alex Kintner
Alex Kintner's picture

 People, people. Please proceed slowly and quietly to the exits. Oh Crap, the big fat Asian guys are running.

Wed, 02/15/2012 - 11:16 | 2161734 nathan1234
nathan1234's picture


The Euro is weak- So the Dollar is strong.

But the Dollar is also weak

So only a fool will keep his money in Dollars or Euros as time will shortly show.

The Devil and the Deep Sea

Gold and Silver are the only alternatives as all currencies are fiat currencies.



Wed, 02/15/2012 - 11:27 | 2161806 HurricaneSeason
HurricaneSeason's picture

Using the life in dog years multiplier or military budget cut technique, that would be $1.2 trillion in treasury bond sales by Russia and China alone. Those teacher pension funds and cities will need to buy alot more, they need the interest money anyway since they're bankrupt.

Wed, 02/15/2012 - 11:28 | 2161811 walcott
walcott's picture

question is who's buying these worthless things? US treasury?

Wed, 02/15/2012 - 11:50 | 2161940 HurricaneSeason
HurricaneSeason's picture

No, not the treasury. They already spent trillions they didn't have and are backing trillions in bad mortgages while bailing out europe. They claim "households" are buying the $150 billion a month in new debt and $150 billion a month in rolling debt. That could be because people have been living in their homes without paying their house payments and collecting unemployment for years now and have more money to invest in high yielding bonds. It can't be the pension funds because they need 8% return a year. It looks like the king has no clothes and is streaking.

Wed, 02/15/2012 - 11:29 | 2161822 Ned Zeppelin
Ned Zeppelin's picture

No. 1 issue flagged here: Treasuries are unique, nominally "safe" storage units for piles of USDs, USDS acquired either by the sale of raw materials (Russia?) or finished AAPL crap (China).  If you are selling Treasuries, you get back the same pile of USDs you "stored" in the Treasuries.  Now what do you do? Covert to other currencies? Buy commodities? And the seller is still left the problem of where to store the pesky pile of USDs. 

Ned's Law of Fiat Currency Conservation: Once created, Fiat does not disappear, it only changes form.  Fiat, however, may be created out of nothing, and at zero energy cost.

Wed, 02/15/2012 - 11:39 | 2161877 yogibear
yogibear's picture

Bernanke and the Federal Reserve can use their magic money machine to create money from nothing and buy US treasuries until they can't. 

China and Russia dumping US debt should be alarming if they get others to do the same. 


Bernanke and the Federal Reserve's reserve currency game may be ending soon.

Wed, 02/15/2012 - 11:48 | 2161937 rufusbird
rufusbird's picture

"just what are China and Russia buying (ahem stockpiling) with all the dollars that are not recycled back into Treasurys?"

Lately, it has been looking like maybe Feeder Cattle Futures...

Wed, 02/15/2012 - 11:54 | 2161965 Stuck on Zero
Stuck on Zero's picture

The Chinese and Russians are trading in their T-Notes for substantial assets like: gold, farmland, natural resources, profitable companies, and high tech firms.  What's your excuse?

Wed, 02/15/2012 - 12:01 | 2161988 NEOSERF
NEOSERF's picture

China may be trading the T-Notes for hard assets OR they may be having to sell them to raise cash for their insolvent local banks

Wed, 02/15/2012 - 12:01 | 2161990 ATG
ATG's picture

Russia has the world's fourth largest trade surplus and a 13% flat tax.

Back in the US, Back in the US, Back in the...

Only the white hats can save US.

It may not be pleasant for some:

Wed, 02/15/2012 - 12:09 | 2162024 VegasRage
VegasRage's picture

Relax now, the FED is all too happy to buy those back. What could go wrong? 


Vote for Alfred E Newman 2012

What me worry?

Wed, 02/15/2012 - 12:28 | 2162136 dvsteenk
dvsteenk's picture

of course they buy stocks, who else is?

Wed, 02/15/2012 - 12:29 | 2162142 Chumly
Chumly's picture

Wed, 02/15/2012 - 12:45 | 2162211 connda
connda's picture

Who needs stinkin' Ruskies.  We've got The Fed!!!

Print money -- Buy Treasurys!

  • Hockey ticket -- $2500
  • Corn dog on a stick -- $150
  • Cup of beer -- $250
  • Oz of Gold -- Priceless


Wed, 02/15/2012 - 12:50 | 2162234 ArrestBobRubin
ArrestBobRubin's picture

Damn straight bro... why do you think anyone not brain dead is buying gold now?

I see I'm gonna have to give up hot dogs and beer.

Hockey? Aka Gary Bettman's playpen? R U kidding me, who cares? :-)

Wed, 02/15/2012 - 12:48 | 2162229 BC6
BC6's picture

In Soviet Russia, T-notes sell you

Wed, 02/15/2012 - 12:53 | 2162248 GoingLoonie
GoingLoonie's picture

Looks like someone is thinking about a real shooting war.  World War III??????

Wed, 02/15/2012 - 12:56 | 2162267 flyme
flyme's picture

Move along cause that just plain easy to figure the answer to that question Tyler - their stockpiling rare minerals, food, all valuable, tradeable things.  They don't want our junk. Since, they know it's worthless.

Wed, 02/15/2012 - 13:04 | 2162305 tony bonn
tony bonn's picture

"...just what are China and Russia buying (ahem stockpiling) with all the dollars that are not recycled back into Treasurys?.."

and who is buying the crap - the fed?

Wed, 02/15/2012 - 13:21 | 2162393 SgtShaftoe
SgtShaftoe's picture

Kyle bass, Jim Puplava and others have pegged the US Greek moment or worse somewhere in 2014.  It's amazing, I don't know how we could possibly last that long given how it continues to get worse and worse. 

Wed, 02/15/2012 - 13:23 | 2162408 Swain
Swain's picture

On the flip side from Russia, China:

Oil exporters, Brazil, Canada, Chile, Norway, Spain, Sweden, Switzerland and UK are among net purchasers of T-bills since 2010. 

Wed, 02/15/2012 - 13:27 | 2162431 Shizzmoney
Shizzmoney's picture

Looks like someone is ready for WWIII.

Wed, 02/15/2012 - 13:53 | 2162551 Reprobate
Reprobate's picture

Pooty Poot Poot

Pooty Poot Poot

We are the boys from zee institute

We like to drink, we like to shoot

We don't like tees that pooty poot poot

Thu, 02/16/2012 - 10:39 | 2164038 cranky-old-geezer
cranky-old-geezer's picture



Also confirming that the Asian anti-USD axis is now one which consists of at least Russia and China (and certainly Iran) ...

... and India, Japan, and Pakistan.

Anti-USD isn't the only issue.  4 nuclear powers, including the biggest nuclear power on the planet, is the bigger issue.

Like I've said before, I believe the Iran war will go thermonuclear.  

No, Iran doesn't have a single one.  They don't need any.  They have 4 nuclear powers on their side

...and Odumbo announces today he wants to reduce America's nuclear arsenal 80%

...leaving us with around 300 warheads against Russia's / China's / India's / Pakistan's 25,000 warheads thereabouts.

Thu, 02/16/2012 - 01:28 | 2164985 the 300000000th...
the 300000000th percent's picture

This will somehow be seen and reported by all the mainstream thugs as bullish. The fed will have to buy a lot more treasuries. I have been wondering for a long time why China still buys our treasuries. This is a sign of what Iv'e been waiting to see. This finally makes sense in bizzaro world, weird

Thu, 02/23/2012 - 01:02 | 2187904 oni_baba
oni_baba's picture

The question then is: just what are China and Russia buying (ahem stockpiling) with all the dollars that are not recycled back into Treasurys?

LawsofPhysics, the geopolitics of Obama's Pacific pivot suggests that the BRICS/Dollar competition in trade is very much the focus for this new Pacific militarization seeking to contain China's shipping and resource acquisition.

As long as BRICS value grows against the dollar, likely we'll continue to see BRIC cooperation purchasing US debt. I would suggest that this does not necessitate an end to the dollar, however, becasue the US is leading the Trans-Pacific Partnership FTA.  And if the TPPA is signed the US will be firmly inserted into not only a Free-trade Area of the Asia-Pacific, but will find itself as the +10 in an ASEAN economy that will keep the US viable... at least until the doom-sayers gets it right.

The real scare in this currency/trade matrix is the assault on Pacific Island mining and mineral resources.


Fri, 02/24/2012 - 00:22 | 2191792 besnook
besnook's picture

china and russia smell blood. the wounded dying beast is beginning it's death throes. it will become increasing violent and irrational. china and russia are preparing the moment to thrust the sword into the heart of the beast. japan and india have chosen sides but have not made their intentions clear yet. they are awaiting the final blow when the beast is beyond revival. germany is in panic. it has no choice but to help prop up the falling beast even as she knows her fate is sealed unless, ultimately, the beast is abandoned to a lonely death. the lesson learned is money flows to value, no matter the denomination or the asset. false value will eventually be rewarded with sudden massive flight once the perception reaches a critical mass of realization. the beast is dead, long live the beast.

Wed, 05/23/2012 - 01:04 | 2454004 meredith
meredith's picture

Today's unsatisfying TIC estimate confirmed what Adjust Skirt reported in January Testking SY0-301 videlicet the fact dumping of Treasury by abroad entities as tracked by the Fed's guardian chronicle. Testking 640-461 And patch we will element you the information of the estimate institute here two things gestate pointing out Testking 642-437

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