Tag Archives: treasuries

Saudi Arabia is losing money fast, dumping of US debt expected

Saudi Arabia King Salman Obama

From Filip Karinja, for Birch Gold Group With the price of oil plunging and increased military spending in Yemen, Saudi Arabia is dipping into its reserves to make ends meet. In December alone, the kingdom blew $19.4 billion of its now remaining $608.4 billion. With the nation burning through almost $100 billion in reserves in …

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China, Russia, Norway, Brazil, Taiwan dump US treasuries

US treasuries being dumped

Five large purchasers of US Treasuries – China, Russia, Norway, Brazil, and Taiwan – have changed their minds. They’re dumping Treasuries, each for their own reasons that are now coinciding. And at the fastest rate on record. For the 12-month period ended July, sales of Treasuries by central banks around the world …

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China dumps record amount of US treasuries

Great Wall of China United States flag

On Friday, alongside China‘s announcement that it had bought over 600 tons of gold in “one month”, the PBOC released another very important data point: its total foreign exchange reserves, which declined by $17.3 billion to $3,694 billion. We then put China’s change in FX reserves alongside the total Treasury holdings …

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Russia starts dumping US treasuries, China follows suit

China Russia president shots

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 Treasuries, a record 20% of its total holdings, bringing …

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Why the hell is Belgium buying so much US debt?

Belgium flag

The tiny country of Belgium – my beloved hunting grounds for three years a while back – with a GDP of $484 billion, a country which you can cross by bicycle in a single day if you’re really fit, a country that became famous to the chagrin of some people …

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Today the Fed unofficially announced QE4

Today Michael Pento stunned King World when he said, “… the Fed doubled down on QE3 this morning and unofficially announced QE4.”  Pento believes the mainstream media does not understand what just happened today, but he said it will have massive implications for the markets, including gold and silver. Pento …

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China can now monetize US debt directly

The Treasury, apparently dissatisfied with the speed of indirect bank and/or Fed-inspired monetization of its exponentially rising debt-load at ever-cheaper costs of funds, decided in June 2011 to allow the Chinese, with their equally large bucket of USDs to bid directly for US Treasuries. As Reuters reports, China can now bypass Wall …

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