Skip to comments.Meet The Brand New, And Shocking, Third Largest Foreign Holder Of US Treasurys
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 ...
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.
Europeans (Germans) may be buying dollars to hold the Euro down.
The list, Ping
Let me know if you would like to be on or off the ping list
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!
Nothing, absolutely nothing this administration says is believable.
If they said the sky was blue, I’d look out the window first...................
Currency wars usually end badly... well, always end badly.
Lol, me too Badger...
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.
Simply laundering the TARP money that the EU received.
Let’s make a deal. I’ll buy yours if you buy mine. And we just keep doing that forever.
Idiots running the show.
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