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China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills

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  • China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills

    I know many were concerned about the amount China owned.
    China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.
    Since October, however, China has also started to divest from longer-term U.S. Treasury securities. Thus, as reported by the Treasury Department, China’s ownership of the U.S. national debt has decreased in each of the last five months on record, including November, December, January,
    http://www.cnsnews.com/news/article/...ent-its-holdin

  • #2
    Re: China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills

    Hey SAT .. you probably are surprised I'd be commenting on a thread like this ... but, it's a good article. It would be better if they'd touch on some possible ramifications of this action by the Chinese; i.e. dumping USDs. With someone like China divesting themselves of the USD, it will drive down the purchasing power of the dollar (inflation) even more which will, at some point, start to cascade. The "value" of the dollar goes down so others will also look at dumping the USD .. drive down the "value" some more which will also make others dump it .... etc., etc. ... That is a part of how fiat currencies die (they always .. no exception .. die.).

    Now given the new "too big to fail" pseudo-economics, the U.S. may get some sort of aid from someone(s) somehow; i.e. world bank/IMF (the savings of others in other countries). But if that does happen, it will be / can be, only temporary. Pols are not looking for what will fix the economy, they are looking for ways to delay the inevitable so things don't crash on their watch. But there are many losers in musical chairs. The ac will get the last chair.

    If someone bought a house 30ish years ago for say .. $50K and today it listed for $300K .. they may think it has more "value" when in fact, they have only more currency (if they sold). $300K today will buy less than $50K did 30 years ago.

    Issachar, believing that "money" should only be saved in tangible assets .. tools, for example .. something that one can work by with their hands and brains because saving dollars is a losing proposition. If one has food and you need some, in a failed dollar scenerio, but you only have dollars for trade, you won't get the food because no one will want the dollars. But if you can repair their bicycle (or whatever mode of transportation they have), that may be worth some food ... or repair a well ... or heater ... whatever. Learn something and have what is needed to do it. That is your true savings on this earth and the most precious, eternal savings are to be treasures in heaven, sent ahead by what we do here.
    The church is on Earth to save souls from a lost world, not to save the world from lost souls.

    Man learns about history, not from history. To learn from history requires wisdom. Cut off from God, he has none, so history repeats; no new thing under the sun.

    I saw ten thousand talkers whose tongues were all broken - dylan

    Psalms 122:8 For my brethren and companions' sakes, I will now say, Peace be within thee.

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    • #3
      Re: China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills

      lol
      As of the close of business on Thursday, the total U.S. debt was $14.34 trillion, according to the Daily Treasury Statement. Of that, approximately $9.74 trillion was debt held by the public and approximately $4.61 trillion was “intragovernmental” debt.
      I'm glad you did. I'm curious, is this a good thing?

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      • #4
        Re: China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills

        Is what a good thing? The debt? No.

        Just adding a thought or two ... as I was discussing economics with my 17 year old daughter this morning (where in the world does she get that?!), an example I used concerning the printing of "currency" (as opposed to money, which according to the U.S. Constitution can't be printed, only coined.) is what if Tim Geitner and / or Benjamin Bernanke walked into the bank and demanded access to your savings account because they wanted a thousand dollars. Of course, the banker would say, "I don't care who you are, I cannot give you that access." So, the would be thieves leave and come up with plan B. "Since we have the power to do it, let's just print currency and have that. Sure it will lower the value of their savings, but apparently that is the only way we can access it. In fact, let's print so much, that we can take a lot of "money" out of everyone's savings. Sweet! Let's go!" Now some would argue with that analogy, but the long term, bottom line, is just about exactly that. What's weird is most people (I think) realize this, but believe that there is nothing they can do about it. While true that they can't stop the dollar printing (or ones and zeros on harddrives, perhaps harddrives in Fort Knox .. .. , they can do something about where they keep the money they worked for. Imagine sitting in your living room, watching a movie with your family, and someone breaks in to steal. You just sit there and watch because, "Well, there's nothing I can do about it." Of course no one would do that. They would do something to deter or attempt to deter, the theft and hopefully the thief. But when the U.S. Treasury does their QE2 with new talk of QE3, they are breaking in and stealing a part of .. an ever increasing part of .. what you worked for. In fact, they are stealing from our children's piggy banks now as well as your grandchildren's piggy bank and even from the piggy banks of people not yet born. That is what this debt is all about.

        Issachar, just my $1 worth (my .02 adjusted for inflation)
        The church is on Earth to save souls from a lost world, not to save the world from lost souls.

        Man learns about history, not from history. To learn from history requires wisdom. Cut off from God, he has none, so history repeats; no new thing under the sun.

        I saw ten thousand talkers whose tongues were all broken - dylan

        Psalms 122:8 For my brethren and companions' sakes, I will now say, Peace be within thee.

        Comment


        • #5
          Re: China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills

          Speaking of this debt/iflation thing .. did you see the Greenspan quote in Post #3 here?

          Issachar
          The church is on Earth to save souls from a lost world, not to save the world from lost souls.

          Man learns about history, not from history. To learn from history requires wisdom. Cut off from God, he has none, so history repeats; no new thing under the sun.

          I saw ten thousand talkers whose tongues were all broken - dylan

          Psalms 122:8 For my brethren and companions' sakes, I will now say, Peace be within thee.

          Comment


          • #6
            Re: China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills

            I must admit when I saw the Moody's articles this week I glance through them and thought they were just dipping their hand into the politics of the US. lol
            I guess my question wasn't very clear, sorry.
            When all this recent debt stuff started coming up there seemed to be many out there who were more upset by who owned the debt then by the amounts.

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            • #7
              Re: China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills

              See, this is why I only subscribe to the Issachar explaination of Economics.
              Oh the divestment of China will have no effect on our economy, none at all.
              In fact now it opens up that money for others to invest in, since we are such a hot commodity.
              Bought more items at the store today, putting a few of them "away" for the coming "event" these guys will cause.

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              • #8
                Re: China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills

                Isnt China buying very large tracts of Idaho land?

                Comment


                • #9
                  Re: China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills

                  The United States is proving millions of dollars in foreign aid to countries, including India, that it borrows billions from, a Congressional Research Services report has claimed.

                  The report shows that in fiscal year 2010, Washington handed out a total of 1.4 billion dollars to 16 foreign countries that held at least 10 billion dollars in Treasury securities, including China (27.2 million dollars), Brazil (25 million dollars), Russia (71.5 million dollars), India (126.6 million dollars), Mexico (316.7 million dollars) and Egypt (255.7 million dollars), Fox News reports.

                  According to the Treasury Department, China is the largest holder of U.S. Treasury bonds with 1.1 trillion dollars as of March. Brazil held 193.5 billion dollars, Russia had 127.8 billion dollars, India owned 39.8 billion dollars, Mexico held 28.1 billion dollars and Egypt had 15.3 billion dollars.

                  The US had reportedly given out the aid money to these countries for varied causes like HIV/AIDs prevention, combating weapons of mass destruction, fighting tuberculosis, and counter-terrorism efforts.
                  http://in.news.yahoo.com/us-giving-a...082353585.html
                  jmvho
                  It would seem every large, medium and small country in the world is in the exact same position. Economically everyone is in debt to everyone else but owns everyone else at the same time. Period.
                  Now add the fact those with the higher lifestyles (which are democracies) are giving to raise the lifestyles of the weaker ones, who mostly aren't but are now being encouraged to become democracies to get more funding.
                  ??????
                  We also know they are trying to permanently settle boundaries on land and water. Form "trade blocks" to elminate neighbor on neighbor conflicts. The desire to increase your status at the cost of your neighbor.
                  ???????
                  It actually seems logical to man and the only way he has, without God's leadership, to build his Tower of Babel.
                  OWO
                  Last edited by SAT; 06-05-2011, 10:01 AM.

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                  • #10
                    Re: China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills

                    Originally posted by SAT View Post
                    lol

                    As of the close of business on Thursday, the total U.S. debt was $14.34 trillion, according to the Daily Treasury Statement. Of that, approximately $9.74 trillion was debt held by the public and approximately $4.61 trillion was “intragovernmental” debt.
                    hhhmmm which would mean in order to keep a worldwide balance this would be important????? just pondering folks.

                    Comment


                    • #11
                      Re: China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills

                      China doesn't deny but accuses the US of starting internet war to bring down Arab and other countries government. Something the US acknowledges. I guess this was the last weapon China had to stop the US/West from spreading democracy.
                      http://news.yahoo.com/s/ap/20110603/...hina_google_12

                      Comment


                      • #12
                        Re: China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills

                        Pure speculation folks but...
                        China it seems has no chance in this battle over democracy but that doen't mean they have willingly accepted it...will that contibute to the future actions of China etc etc etc???? lol

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