Monday, June 6, 2011

China Divests Itself of Treasury Bills

We have been watching for this...signs that tell us China says it has had enough of U.S. debt.  It looks like that day might be here.

(CNSNews.com) - China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.


Treasury bills are securities that mature in one year or less that are sold by the U.S. Treasury Department to fund the nation’s debt.


See it here; http://cnsnews.com/news/article/china-has-divested-97-percent-its-holdin

Of course we know that what China owns is hundreds of billions is U.S. Treasury Bonds...and this article is referencing Treasury Bills which are short term paper.  But what happens if they start dumping the bonds?  Who will step forward to buy them?  We have about $14 trillion worth of bonds which will all have to be refinanced in the next 5-6 years.  So who has $14 trillion to help us keep the Ponzi scheme alive?

Are you preparing yourself for strange times?  Are you holding the things of this world loosely?  Are you ready to let them go?  Or are you laying in bed at night wondering how you are going to protect all the treasures we have laid up for ourselves in the big barns we have built to hold all our stuff?

Are you being prompted by the Holy Spirit to lay up your treasures in heaven where moth and rust will never destroy them?

3 Comments:

Blogger Tom said...

Hi Dennis,

There have been many statements like this in the Iranian news over the last few weeks.

MP Warns of Iran's Tough Retaliation against Israeli Attack

TEHRAN (FNA)- Iran will give a crushing response to any attack on the country, a senior Iranian legislator stressed on Saturday, warning that the Iranian Armed Forces will demolish Israel in case the Zionist regime dares to make an aggression against the country.

Do you think that an attack on Iranian war ships escorting the Freedom flotilla 2 would meet the requirements of an act of aggression?

I was reading up on the night refueling capability of the Iranian SU-24 fighter bombers. This gives them a 1600 mile operational range.

I am following along closely to see if the Iranians send ships back through the Suez. Lots of Iranian Egyptian cooperation going on.

Peace,

Tom

June 7, 2011 at 7:36 AM  
Blogger Tom said...

Check this out, One of the Iranian subs has joined the 14th fleet in the Red Sea. How much longer before they move north into the med?

http://english.farsnews.net/newstext.php?nn=9003170800

June 7, 2011 at 7:47 AM  
Blogger Tom said...

Hey again,

Article in Tehran Times.

http://www.tehrantimes.com/index_View.asp?code=241994

Nasrallah states that Ayatollah Khamenei is matchless in ijtihad.

.... Danger will Robinson... Danger!

The problem here is no one in the west can see the forest through the trees. Read up on ijtihad...

They are not hiding their agenda. It is all out in the open.

Peace,

Tom

June 7, 2011 at 7:57 AM  

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