Author Topic: Reuters: U.S. caught China buying more debt than disclosed  (Read 2141 times)

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Offline Panda Halves

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Reuters: U.S. caught China buying more debt than disclosed
« on: June 30, 2011, 06:39:56 PM »
Bad news for U.S. Citizens:

http://www.reuters.com/article/2011/06/30/us-usa-china-treasuries-idUSTRE75T2MI20110630?feedType=RSS&feedName=topNews&rpc=71

"The practice kept the true size of China's holdings hidden from U.S. view, according to Treasury dealers interviewed, and may have allowed China at times to buy controlling stakes - more than 35 percent - in some of the securities the Treasury issued." -Reuters

PH


Offline Grip

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Re: Reuters: U.S. caught China buying more debt than disclosed
« Reply #1 on: June 30, 2011, 07:11:21 PM »
Bad news for U.S. Citizens:

http://www.reuters.com/article/2011/06/30/us-usa-china-treasuries-idUSTRE75T2MI20110630?feedType=RSS&feedName=topNews&rpc=71

"The practice kept the true size of China's holdings hidden from U.S. view, according to Treasury dealers interviewed, and may have allowed China at times to buy controlling stakes - more than 35 percent - in some of the securities the Treasury issued." -Reuters

PH


This is last years news. China has been getting out of dollars as fast as they can without inflicting portfolio loss (buying hard asset producers and not our paper). Whether they fudged is irrelevant as they are no longer in the market for our toxic paper. The only ones buying the bulk of our debt for the last 6+ months is the FED. We are exporting huge inflation. The Chinese Government started urging their populace to buy hard assets several years ago for a reason-have a base of wealth when the fiat currency system collapses.

Offline canadian

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Re: Reuters: U.S. caught China buying more debt than disclosed
« Reply #2 on: June 30, 2011, 09:39:48 PM »
There are more than 800,000 millionaires in China

Offline Grip

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Re: Reuters: U.S. caught China buying more debt than disclosed
« Reply #3 on: June 30, 2011, 09:51:26 PM »
There are more than 800,000 millionaires in China
In fiat cash or real money???

Offline canadian

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Re: Reuters: U.S. caught China buying more debt than disclosed
« Reply #4 on: June 30, 2011, 10:04:50 PM »
Don't know.

Offline Panda Halves

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Re: Reuters: U.S. caught China buying more debt than disclosed
« Reply #5 on: June 30, 2011, 10:56:07 PM »
800,000 millionaires in US Dollars, Yuan,
Zimbabwe Dollars....?

Offline badon

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Re: Reuters: U.S. caught China buying more debt than disclosed
« Reply #6 on: June 30, 2011, 11:29:18 PM »
I think that figure is in US dollars. If it weren't, it wouldn't be a good frame of reference.

Offline Pandana

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Re: Reuters: U.S. caught China buying more debt than disclosed
« Reply #7 on: July 01, 2011, 12:15:24 AM »
Knowing Asian and am one myself - as one is classified as millionaire, you can bet that the person is in everything: cash - dollars - Euros; gold; silver;  real estates...

Offline MrOrganic

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Re: Reuters: U.S. caught China buying more debt than disclosed
« Reply #8 on: July 01, 2011, 12:03:48 PM »
Knowing Asian and am one myself - as one is classified as millionaire, you can bet that the person is in everything: cash - dollars - Euros; gold; silver;  real estates...

very true, also real estate at that level at least 2 homes, art work, sculptures, Numismatic coins & bullion & also there trade or business that got them so wealthy.
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