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Meet The Brand New, And Shocking, Third Largest Foreign Holder Of US Treasurys
Zero Hedge ^ | 18 March, 2014 | Tyler Durden

Posted on 03/18/2014 10:31:37 AM PDT by Errant

Something hilarious, and at the same time pathetic, happened earlier today: at precisely 9 am the US Treasury released its delayed Treasury International Capital data (which was supposed to be released yesterday but was delayed because it snowed) which disclosed all the latest foreign Treasury holdings for the month of January. Among the key numbers tracked and disclosed, was that China's official holdings increased from $1.270 trillion to $1.284 trillion, that Japan holdings declined by a tiny $0.2 billion, that UK holdings increased by $7.8 billion to $171 billion, and that holdings of Caribbean Banking Centers, aka hedge funds, declined by $16.7 billion. Here is Reuters with the full data summary (save it before this article is pulled).

So why is it hilarious and pathetic? Because just three short hours later, the Treasury - that organization that has billions of dollars at its budgetary disposal to collate, analyze and disseminate accurate and error-free data - admitted that all the previously reported data was in effect made up!

Of course, it didn't phrase it as such. Instead, what TIC did was release an entire set of January numbers shortly after it had released the "old" numbers, which differed by a small amount but differed across the board - in other words, not a small typo here and there: a wholesale data fudging exercise gone horribly wrong.

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


TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events
KEYWORDS: belgium; china; russia; treasuries

1 posted on 03/18/2014 10:31:38 AM PDT by Errant
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To: Errant

Brussels is considered to be the de facto capital of the European Union.

The EU is propping up the doomed USA. If the USA goes so goes the EU.


2 posted on 03/18/2014 10:35:11 AM PDT by Para-Ord.45 (Americans, happy in tutelage by the reflection that they have chosen their own dictators.)
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To: Para-Ord.45

Europeans (Germans) may be buying dollars to hold the Euro down.


3 posted on 03/18/2014 10:39:42 AM PDT by pierrem15 (Claudius: "Let all the poisons that lurk in the mud hatch out.")
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


4 posted on 03/18/2014 10:40:05 AM PDT by Nachum (Obamacare: It's. The. Flaw.)
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To: Para-Ord.45
The EU is propping up the doomed USA. If the USA goes so goes the EU.

This isn't sustainable, IMO, not with our government spending level it isn't...

What's unreal, according to this, is that tiny Belgium is holding something like three times their GDP in USTs!

5 posted on 03/18/2014 10:49:59 AM PDT by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: Errant

Nothing, absolutely nothing this administration says is believable.

If they said the sky was blue, I’d look out the window first...................


6 posted on 03/18/2014 10:57:35 AM PDT by Red Badger (LIberal is an oxymoron......................)
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To: pierrem15
Europeans (Germans) may be buying dollars to hold the Euro down.

Currency wars usually end badly... well, always end badly.

7 posted on 03/18/2014 10:59:19 AM PDT by GOPJ ("Fighter pilot manoeuvers"? One of the Saudi’s we trained in Texas years ago?)
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To: Red Badger

Lol, me too Badger...


8 posted on 03/18/2014 11:02:51 AM PDT by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: Errant

It is impossible to know who really holds a lot of these bonds. The Belgium banks are holding them on behalf of customers who could be anyone, and are probably a bunch of Russian billionaires and Chinese Communist Party officials.


9 posted on 03/18/2014 11:09:44 AM PDT by proxy_user
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To: Errant

Simply laundering the TARP money that the EU received.


10 posted on 03/18/2014 11:11:55 AM PDT by datura (We have a 2 party system. Conservatives vs Uniparty)
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To: Errant

Let’s make a deal. I’ll buy yours if you buy mine. And we just keep doing that forever.

Idiots running the show.


11 posted on 03/18/2014 12:13:21 PM PDT by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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