Posted on 04/03/2023 7:30:56 AM PDT by Kaiser8408a
Apparently, foreign Central Banks have lost faith in Biden and The Federal Reserve. Foreign Central Banks are selling US Treasuries.
Other than The Fed, Japan and China are the two largest holders of US Treasuries. And they are bailing.
Wake Biden up before all the Central Banks go-go.
(Excerpt) Read more at confoundedinterest.net ...
Double digits on USTN & CD’s coming soon
Who’s gonna buy US gummit debt at the next treasury auction???
What will they use to pay for the bonds? Yuan? Ruble? Crypto??
Brandon has stepped in his ……
—> Who’s gonna buy US gummit debt at the next treasury auction???
Federal reserve
Wake up Biden? Does anyone think this is not on purpose? It’s not the Biden administration that needs to wake up.
I can’t really blame them. Our interest payments are already ruining our ability to function as a nation. They’ll soon consume half and then all of the revenue collected.
1. The House should refuse to increase the debt limit.
2. We should live ONLY on our income and no borrowed money”:
The nation should immediately cut any federal money to anyone across the board by one third. If you were getting $2100 then now you’re getting $1400. It you were getting 30 billion, then now you’re getting 20 billion. If your pay was 100 grand, then now it’s 67. All will be in the same boat. No exceptions.
3. Businesses will be required to make it on their own.
NO ONE can possibly trust the Chinese of Russian currency. Time and again in the past they've been proven manipulators.
So of your 3, that leaves only crypto; and that seems about right.
Up until now, the $$ has been the most virtuous floozie in the whorehouse. But now she's a great-grandma.
These governments are sitting on huge loses in US treasuries, they bought billions upon billions of dollars in US treasuries at 1% or less, now with interest rates around 4% all those treasuries have not lost most of their value.
It seems every day there is another of these threads.
Fact or fad?
Not necessarily selling on that chart.
Maybe, just not rolling over their maturing USA bonds into new bonds.
Or, maybe they need the cash and are paying bills.
The scale on that chart is deceptive.
Investment is down less than $300 billion.
Also, the chart only shows foreign accounts held in custody at the Fed.
Total foreign holdings were over $7 billion just a couple weeks ago.
Foreigners altogether hold just 33% of U.S. Treasurys, and China and Japan quite about less than that. Two thirds of all U.S. Treasurys are owned by U.S. private individuals and institutions. The Treasury department does not need the Chinese of any particular foreign buyer. American, and other foreign interests would gladly buy up the difference.
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