It's Official: China Has Begun to Dump the U.S Dol

[kevin82]

http://dillsnapcogitation.files.wordpress.com/2008/10/greenspan.jpg

WASHINGTON (AP) -- The U.S. government said Tuesday that foreign demand for U.S. Treasury securities fell by the largest amount on record in December with China reducing its holdings by $34.2 billion.

The reductions in holdings, if they continue, could force the government to make higher interest payments at a time that it is running record federal deficits.

The Treasury Department reported that foreign holdings of U.S. Treasury securities fell by $53 billion in December, surpassing the previous record of a $44.5 billion drop in April 2009.

The big drop in China's holdings meant that it lost the top spot in terms of foreign ownership of U.S. Treasuries, dropping to second place behind Japan.

http://finance.yahoo.com/news/Foreign-demand-for-Teasury-apf-1402391707.html?x=0&.v=6

The American dollar and economy should be heading towards a downward spiral if this continues which it will. I'm surprised this didn't make mainstream American news ;)

[redpill41]

thats why gold back up then .

[metacomet]

The Treasury Department reported that foreign holdings of U.S. Treasury securities fell by $53 billion in December, surpassing the previous record of a $44.5 billion drop in April 2009.

Pfff... what's another 9 billion?

[mrindigo]

Pfff... what's another 9 billion?

*starts up the invisible printing press to produce money from thin air*

I got it covered, no worries. :D

I shouldn't find that amsuing, but that's exactly how they're going to answer this.

[eternal1stparty]

But jump for joy! The dow is way up! Were all ok, I'm gonna take a 75,000$ lone and buy a freakin PURPLE HOUSE and a HARLEY!

[trix]

How long do we have? As someone who is stocking up on food and necessities, how much longer do we have? Any ideas?

[marcusbrody]

again?

[mrindigo]

But jump for joy! The dow is way up! Were all ok, I'm gonna take a 75,000$ lone and buy a freakin PURPLE HOUSE and a HARLEY!

If my Harley has a George Foreman grill and a handlebar mounted supersoaker, I'm in. :D

[clint_giles]

god damn bull shit !

its all digits.

unplug all the computers in wall street that control the banks numbers.
install new hard drives.
with the new hard drives add in all the important info,names,numbers,address,place of work,etc etc.
then, in the accounts section enter in whatever figures you like.

its really that simple,start over.
there are dealing in faux money anyhow.

[gremlin]

*starts up the invisible printing press to produce money from thin air*

I got it covered, no worries. :D


Could you print up a £17 pound note:)

[metacomet]

god damn bull shit !

its all digits.

unplug all the computers in wall street that control the banks numbers.
install new hard drives.
with the new hard drives add in all the important info,names,numbers,address,place of work,etc etc.
then, in the accounts section enter in whatever figures you like.

its really that simple,start over.
there are dealing in faux money anyhow.

Sounds alot like the plot to Fight Club...

the truth is, starting from zero is what they already plan to do.

[kingmob]

Yea,

It makes no difference to them what is happening to the dollar, since they engineered the downward movement themselves. We are going to suffer one way or another.

[zmanforever]

How long do we have? As someone who is stocking up on food and necessities, how much longer do we have? Any ideas?


I also fear some shit is about to hit the fan as we say in the States.

I have a 5 member family in total including 2 birds and a cat and I have a good supply and will keep increasing it.