I was watching CNBC this AM while I was doing the stairmaster. I heard the reporters saying that China is no longer the #1 holder of U.S Treasuries. One commentator postulated that this is a sign of China's growing fears about the weakness of the dollar.
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson
RUSSIA TODAY: China has sold more than 34 billion dollars of US debt holdings. Chinas military has called for the government to punish the US because of a potential meeting with the Dalai Lama. China's holding of US Treasury bonds has tumbled, according to US Treasury data released Tuesday, after Beijing expressed concern over the swelling US deficit and amid new US-China tensions. Bill Gertz says that it is also apparent that China will not support the sanctions that the United States is putting on Iran.
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China no longer #1 Holder of Treasury Securities
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Posted - 02/17/2010 : 09:02:05
