Aug 27

Chinese Wall in the Mist

It’s Official: China Confirms It Has Begun Liquidating Treasuries, Warns Washington (ZeroHedge, Aug 27, 2015):

As Bloomberg reports, “China has cut its holdings of U.S. Treasuries this month to raise dollars needed to support the yuan in the wake of a shock devaluation two weeks ago, according to people familiar with the matter. Channels for such transactions include China selling directly, as well as through agents in Belgium and Switzerland, said one of the people, who declined to be identified as the information isn’t public. China has communicated with U.S. authorities about the sales.”

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3 Responses to “It’s Official: China Confirms It Has Begun Liquidating Treasuries, Warns Washington”

  1. squodgy Says:

    Here it comes again…..incrementalisation…..

    http://libertyblitzkrieg.com/2015/08/27/the-financial-times-calls-for-ending-cash-calling-it-a-barbarous-relic/

  2. squodgy Says:

    more on incrementalisation

    http://www.armstrongeconomics.com/archives/30862

  3. Marilyn Gjerdrum Says:

    They dumped $100 billion last week alone…….

    They were holding $1.5 Trillion, dropped to $1.4 Trillion.
    If they do it too fast, they will lose money…….

    If they do it a billion a week, they could be divested of US treasuries in a matter of weeks………………

    This new dictator is no friend of the west, he has his own agenda. His behavior is clearly authoritarian and shows little understanding of free markets. One cannot dictate the rising and falling of the stock market……to do so only breeds fear.

    US aggression in the east has not endeared us to the region, either. Blowing up that dictator in his vehicle using a drone attack was a bad move.

    The role of the US dollar as world reserve currency is about over as electronic currencies replace the need to convert to any other currency. This removes the incredible power of the dollar; our craven behavior after 2008 did the rest.

    Hugo Chavez may be six feet under, but it looks like he won…….

    We have only ourselves to blame. Americans went to sleep and let self serving fools into power; now, we cannot get rid of them.

    It only takes a generation for freedom and civil rights to be obliterated forever…..depressing to have seen it first hand……

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