China’s Treasury Holdings Fall to Lowest Since February 2013

From the article:

China’s holdings of U.S. Treasuries fell to a 20-month low in October, as yuan appreciation indicated less of an impetus to buy the government securities.

China held $1.25 trillion in U.S. debt as of October, a $13.6 billion drop from September, the Treasury Department said in a monthly report today. The nation remains the largest foreign holder, ahead of Japan, whose stockpile increased $0.6 billion to $1.22 trillion, reducing the gap between the two countries to the narrowest since September 2012.

I was curious as to who bought the treasuries when I came across this…from article from Zero Hedge – 02/18/2014

China Sold Second-Largest Amount Ever Of US Treasury’s In December: And Guess Who Comes To The Rescue

From the article:

While we will have more to say about the disastrous December TIC data shortly…..

What really interested me about this article was a comment:

….. This obsession with monetary ebbs and flows, looking for evidence of the Big Smash, is wasted time.

MONEY is not going to cause the upheaval. Money can be changed and created by decree. It didn’t exist in the garden of eden and it doesn’t have to mean anything you don’t decree it to mean.

Money is not going to be the source of devastation. Oil is.

Posted December 16, 2014 by Sue Says in category In the News

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