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Foreign Demand for US Treasurys Takes Record Fall
CNBC ^ | 2/16/2010 | Staff

Posted on 02/16/2010 7:10:57 AM PST by Red in Blue PA

The 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.

(Excerpt) Read more at cnbc.com ...


TOPICS: Breaking News; Business/Economy; Foreign Affairs; Government; News/Current Events
KEYWORDS: devaluation; georgesoros; obamalaise; obamanomics; shtf; soros; stagflation
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It's coming folks.....get prepared now.
1 posted on 02/16/2010 7:10:57 AM PST by Red in Blue PA
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To: Red in Blue PA

..feels like we’re all surfers waitin’ for that big wave .


2 posted on 02/16/2010 7:12:38 AM PST by norraad ("What light!">Blues Brothers)
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To: Red in Blue PA

Drip.. Drip.. Drip.. !!


3 posted on 02/16/2010 7:12:44 AM PST by jwparkerjr
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To: Red in Blue PA

People I respect and who are a lot smarter than I am say this is a big deal.

It’s a ticking bomb they say.


4 posted on 02/16/2010 7:13:09 AM PST by Halgr (Once a Marine, always a Marine - Semper Fi)
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To: Red in Blue PA

What about all the green shoots?


5 posted on 02/16/2010 7:13:48 AM PST by Altura Ct.
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To: Red in Blue PA

It’s coming folks.....get prepared now.


How soon do you think?


6 posted on 02/16/2010 7:14:53 AM PST by unkus
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To: Halgr

I just started ordering #10 cans for the first time in my life.

Only a matter of when, not if.


7 posted on 02/16/2010 7:15:24 AM PST by Red in Blue PA (If guns cause crime, then all of mine are defective!)
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To: Red in Blue PA

You are 100% correct. The quiet walk from Treasuries keeps going.

This last move by China liquidated about 2.5% of their holdings. That sounds small, but it’s not.


8 posted on 02/16/2010 7:18:46 AM PST by kingpins10
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To: Red in Blue PA

With the internet fraud these days, be sure the cans are not empty.

Why not just stop up on sales of canned goods at local markets?

If you get stuff shipped to you there will be records of where this stuff went? I’ll be there for some!


9 posted on 02/16/2010 7:20:01 AM PST by George from New England (escaped CT 2006; now living north of Tampa Bay)
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To: Halgr

Good, let’s chase all the bad money out of the system. Jubilee!


10 posted on 02/16/2010 7:20:51 AM PST by bvw
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To: Red in Blue PA

Started preparing in August 2008 when it appeared the historic most unexperienced affirmative action candidate was going to win.
Another thought, if a nbc network is reporting this it has to be a lot nastier than what they are reporting.


11 posted on 02/16/2010 7:21:25 AM PST by Texas resident (Hunkered Down)
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To: George from New England
Why not just stop up on sales of canned goods at local markets?

Even MRE's only have a shelf life of 3 to 5 years. #10 cans have a shelf life of 25 to 30 years. I want to put these away and for get about them.

As far as a record trail, that does not concern me as much, especially as I will be hiding them.
12 posted on 02/16/2010 7:21:53 AM PST by Red in Blue PA (If guns cause crime, then all of mine are defective!)
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To: kingpins10
China liquidated about 2.5% of their holdings.

I'm not sure just how this helps them, or anyone else. The were holding interest bearing paper; and now they are holding non-interest bearing paper.

ML/NJ

13 posted on 02/16/2010 7:23:05 AM PST by ml/nj
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To: ml/nj

It helps them in that they are the first ones with a chair.

Guess who will be left without one when the music stops:

The American people/taxpayers.


14 posted on 02/16/2010 7:24:27 AM PST by kingpins10
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To: Red in Blue PA

Absolutely. I paid off all my credit cards. Pay in cash. The only thing I have left is my car payment. If I could pay it off now I would.


15 posted on 02/16/2010 7:24:39 AM PST by waxer1 ( "The Bible is the rock on which our republic rests." -Andrew Jackson)
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To: kingpins10

16 posted on 02/16/2010 7:25:11 AM PST by Red in Blue PA (If guns cause crime, then all of mine are defective!)
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To: Texas resident

Obama is stimulating the economy.....at least parts of it. Guns and ammo, #10 cans, generators.


17 posted on 02/16/2010 7:26:28 AM PST by Red in Blue PA (If guns cause crime, then all of mine are defective!)
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To: Red in Blue PA

What are #10 cans?


18 posted on 02/16/2010 7:28:17 AM PST by angcat (GOD SAVE US!)
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To: angcat

#10 cans are freeze dried food which has a shelf life of 25 to 30 years (compared to a 3 to 5 year shelf life for MRE’s).

http://www.thereadystore.com/freeze-dried-food-storage/supply-size/10-cans


19 posted on 02/16/2010 7:29:16 AM PST by Red in Blue PA (If guns cause crime, then all of mine are defective!)
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To: Red in Blue PA

What about the 5 gallon pails that are vacuum packed with various kinds of wheat? If the vacuum holds are those good almost indefinitely? What if the vacuum packed pails are stored in the summer at 80 to 90 degrees F. How much am I losing there? Thanks.


20 posted on 02/16/2010 7:30:09 AM PST by George from New England (escaped CT 2006; now living north of Tampa Bay)
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To: Red in Blue PA

Can you say “Stagflation?”

I knew you could.


21 posted on 02/16/2010 7:30:59 AM PST by Uncle Miltie (Liberal Massachussetts says: "FUBO!")
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To: Altura Ct.
What about all the green shoots?

We are told by the man-child in the WH that we desperately need another Stimulus (relabeled a Jobs bill) before green shoots will appear. Why does anyone listen to the Liar In Chief?
22 posted on 02/16/2010 7:31:13 AM PST by Cheerio (Barack Hussein 0bama=The Complete Destruction of American Capitalism)
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To: George from New England

Not sure about that, but I **think** you want to store it at cooler temps.

This is a pretty good site for such questions:

http://www.whenshtf.com/index.php


23 posted on 02/16/2010 7:31:24 AM PST by Red in Blue PA (If guns cause crime, then all of mine are defective!)
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To: Red in Blue PA

LOL I sell the Plastic Drums to this company.


24 posted on 02/16/2010 7:32:08 AM PST by angcat (GOD SAVE US!)
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To: angcat

Your business must be good.....LOL!


25 posted on 02/16/2010 7:33:04 AM PST by Red in Blue PA (If guns cause crime, then all of mine are defective!)
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To: bvw

The only place you will find Jubilee is in the old testament.

We are facing “the last days” or “end times” and it looks like we won’t be able to stop it.


26 posted on 02/16/2010 7:35:51 AM PST by Halgr (Once a Marine, always a Marine - Semper Fi)
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To: bvw

If you think this is going to be a good ending for any American, you are fooling yourself.


27 posted on 02/16/2010 7:37:27 AM PST by Red in Blue PA (If guns cause crime, then all of mine are defective!)
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To: Red in Blue PA
They bought about 22 drums from us. I think they have other suppliers. I emailed the owner because when I saw his company name on the PO I googled it. I told him I loved his site. I even bookmarked it. The food is expensive. I will have to convince my husband about this or I can order behind his back for now.
28 posted on 02/16/2010 7:38:51 AM PST by angcat (GOD SAVE US!)
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To: Bump in the night

Bumping along here.


29 posted on 02/16/2010 7:42:32 AM PST by amom
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To: George from New England

This is not a quick and simple subject. Here are some links of sites that have info or products... (I do not work for or have any interests in any of them)
Blogs and Info
http://www.survivalblog.com/
http://americanpreppersnetwork.blogspot.com/
http://www.survivalist.info/
http://www.nationalterroralert.com/foodstorage/
http://offgridsurvival.com/survival-blogs/
http://www.thesurvivalpodcast.com/
http://www.dehydrate2store.com/
Food and Supplies
http://www.waltonfeed.com/
http://www.mountainhouse.com/index.cfm
http://www.aa-foods.com/index.cfm
http://www.readymaderesources.com/cart/index.php
http://survivalacres.com/information/packaging_details.html
http://www.commonsenseprep.com/Products.html

That should get you started...


30 posted on 02/16/2010 7:42:51 AM PST by Drill Thrawl (Another day, another injury, another step closer. Are you prepared?)
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To: Red in Blue PA

I have friends in South America and they wonder why the United States was “estupido” to elect 0bama. They are very nervous. One even commented that the rest of the world is going to miss the USA because they were in deep trouble without the United States.


31 posted on 02/16/2010 7:45:37 AM PST by unkus
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To: George from New England

WHile the site is dated (Y2K) the data apperas to be good

http://www.y2knorth.com/PREP/SHLFLIFE.HTM

And spend some time at Walton Food dot com AKA Rainy Day Foods- the site has a lot of good data on long term storage. I used to carry this product in the late 70s, so these folks have been around nearly forever, dealing in bulk food goods.

It is good to ask about shelf life.

Also, the pouches of frezze dried food you see for sale (say, at Sams or Wally World) have a shelf life of no more than 5 years - so always check the pack date.


32 posted on 02/16/2010 7:46:41 AM PST by ASOC (In case of attack, tune to 640 kilocycles or 1240 kilocycles on your AM dial.)
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To: Red in Blue PA

- when it happens can’t be any way unexpected, BUT...

- may be a small demonstration project of the ChiComs after statements earlier in the week, AND...

- no matter how badly we screw the pooch here, Europe always seems to be worse...so where else will the money go?


33 posted on 02/16/2010 7:52:14 AM PST by Buckeye McFrog
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To: Drill Thrawl

Thanks for all the links. I’ve saved them for future reference.


34 posted on 02/16/2010 7:52:37 AM PST by OB1kNOb (I'd rather be over the hill than under it.)
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To: unkus

“I have friends in South America and they wonder why the United States was “estupido” to elect 0bama. They are very nervous. One even commented that the rest of the world is going to miss the USA because they were in deep trouble without the United States.”

####

Compared to the majority of the envy-driven, green-obsessed, socialist fools on the international scene, your friends are very wise.


35 posted on 02/16/2010 7:56:39 AM PST by EyeGuy
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To: George from New England

I have a source for getting food grade 5 gallon pails, but is there some way I can vacuum pack the bulk food I store in them without having to vacuum pack the food in bags first before storing it in the bucket?


36 posted on 02/16/2010 7:56:40 AM PST by OB1kNOb (I'd rather be over the hill than under it.)
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To: kingpins10
Guess who will be left without one when the music stops:

Actually the way this works is that the Fed can "buy" as much of this stuff as it wants to by just turning the crank. Doing so diminishes the size of the chair, and also the value of those remaining stashes of notes.

ML/NJ

37 posted on 02/16/2010 8:01:57 AM PST by ml/nj
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To: Drill Thrawl

Bump for perusing...

Thanks for the links!


38 posted on 02/16/2010 8:06:01 AM PST by autumnraine (You can't fix stupid, but you can vote it out!)
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To: OB1kNOb

My pails were factor sealed back in 1999 (for y2k). I keep them not being sure whether the contents are of any value anymore. Got maybe 8 of them still.

Don’t have the $$$ now to buy anymore.


39 posted on 02/16/2010 8:07:26 AM PST by George from New England (escaped CT 2006; now living north of Tampa Bay)
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To: Red in Blue PA

Careful Bro, things are never as good or as bad as people think at the time.

The ChiComs are not stupid, and Bernanke will purchase the debt notes, but sooner or later inflation will hit like a ton ‘o bricks.


40 posted on 02/16/2010 8:09:35 AM PST by padre35 (You shall not ignore the laws of God, the Market, the Jungle, and Reciprocity Rm10.10)
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To: Red in Blue PA
a REALLY dumb question to all:

should the average joe sell off his treasury holding?

41 posted on 02/16/2010 8:13:23 AM PST by TheMightyQuinn
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To: EyeGuy

Compared to the majority of the envy-driven, green-obsessed, socialist fools on the international scene, your friends are very wise.


There are a lot more out there than we realize.


42 posted on 02/16/2010 8:13:52 AM PST by unkus
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To: George from New England
http://survivalacres.com/information/shelflife.html
43 posted on 02/16/2010 8:18:25 AM PST by FReepaholic (Pork chops are most satisfying. Mmmmmm. Dangle them from the ceiling)
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To: FReepaholic

I found the place that the pails came from in 1999. It was through a coop group that a big order was placed and came by 18-wheeler to commuter parking lot. Everyone met there, paid and unloaded, etc.

http://www.wheatmontana.com

Let me know what you think.


44 posted on 02/16/2010 8:22:27 AM PST by George from New England (escaped CT 2006; now living north of Tampa Bay)
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To: FReepaholic

Now that I’m in Central Florida there is no place in the summer that is ever below 75 degrees. Maybe if one get a huge freezer for the pails and runs it in refrigeration mode set to 50 degrees, one could do ok.


45 posted on 02/16/2010 8:26:30 AM PST by George from New England (escaped CT 2006; now living north of Tampa Bay)
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To: Red in Blue PA

Bump...


46 posted on 02/16/2010 8:29:04 AM PST by mcmuffin (Somewhere in Kenya a village is searching for what America has found, an idiot.)
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To: Red in Blue PA

Here’s another source: http://waltonfeed.com/


47 posted on 02/16/2010 8:44:16 AM PST by matthew fuller (Has the goracle seen his shadow yet?)
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To: ml/nj
now they are holding non-interest bearing paper

How do you know that?

Smart money is now going into real property -- real estate, gold mines, etc.

48 posted on 02/16/2010 8:45:03 AM PST by OldNavyVet
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To: TheMightyQuinn
should the average joe sell off his treasury holding?

That's my question, too.

49 posted on 02/16/2010 8:46:10 AM PST by American Quilter (Mourning Capt Phil Harris of the Cornelia Marie.)
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To: Red in Blue PA
Geeze, you guys. I'm taking the no technology at all route. Right now I'm working on tanning buckskins from dear brains.
During the great depression, people were living in cars. They had to make due with nothing. I want to know how to do it, too.
What if your "stash" runs out?
50 posted on 02/16/2010 8:46:18 AM PST by concerned about politics ("Get thee behind me, Liberal")
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