BRICS: China Dumps The Largest US Treasuries in History

[PAF]

Vinod Dsouza
May 17, 2024


BRICS member China dumped a record number of US treasuries and agency debt bonds worth a staggering $53.3 billion. Historically, this is the largest sell-off initiated by China ever recorded and occurred during the first quarter of 2024. The sell-off data comes at a time when the US dollar fell to its one-month low at 104.20.

China and other BRICS countries have been offloading US treasuries worth billions since 2022. The Communist country has a record of dumping the highest in the last two years. The development indicates that BRICS and other developing countries want to move away from owning US assets in their reserves.

The uncontrolled debt of $34.4 trillion is worrisome making BRICS rely on local currencies and not the dollar. In addition, even a close ally of the US, Belgium dumped $22 billion worth of treasuries during the same period. This shows that even European nations are beginning to distance themselves from the US economy, including selling off bonds and treasuries.


Article:

https://watcher.guru/news/brics-china-dumps-the-largest-us-treasuries-in-history
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[Brian4Liberty]

Interesting. Sounds like another front in the economic war with China. China can dump more than cheap products on the US. May be a warning shot to the Biden Admin. Yellen is trying to make sure the markets are stable for Biden before the election. China could dump treasuries, reducing current value, increasing yield, and thus depressing the stock markets.

 

[Swordsmyth]

They need the money.

 

[acptulsa]

They need the money.

Did you put your money where your mouth is? Are you sitting on Treasury instruments even as they deliberately destroy the dollar?

 

[Swordsmyth]

Did you put your money where your mouth is? Are you sitting on Treasury instruments even as they deliberately destroy the dollar?

What the US does to the dollar and our bonds is entirely separate from what the CCP does to their economy that is on the brink of collapse.
The Yuan/Renminbi is falling against the dollar even as the dollar is inflated to death.

 

[acptulsa]

What the US does to the dollar and our bonds is entirely separate from what the CCP does to their economy that is on the brink of collapse.

And are the treasury bonds you own entirely separate from your domestic economy? They own bonds but the U.S. destroying the value of the bonds they own means nothing to them? Are you even listening to yourself?

 

[oyarde]

54 billion ? cmon man, a 1/2 day of congress costs more than 54 billion sometimes, Oyarde grades as insignificant ( so far) LOL

 

[Swordsmyth]

And are the treasury bonds you own entirely separate from your domestic economy? They own bonds but the U.S. destroying the value of the bonds they own means nothing to them? Are you even listening to yourself?

They are converting interest bearing bonds into non-interest bearing cash, that's not going to help them with dollar inflation.
They are doing it because they need dollars to trade for Yuan to try to prop up the Yuan which is in much worse shape than even the dollar.

 

[PAF]

54 billion ? cmon man, a 1/2 day of congress costs more than 54 billion sometimes, Oyarde grades as insignificant ( so far) LOL

Hey, for me, 3 cents saved is a penny earned