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Cara posted an update 7 years, 10 months ago
“Since 2011, Russia has cut its holdings of US Treasuries by more than two-thirds, from over $150 billion to the current less than $50 billion.
Other countries are also slashing their investments in US debt. Turkey, which has been repatriating its gold from the US, has almost halved its US Treasury holdings from almost $62 billion in November to $38.2 billion in April.
Non-EU member Norway has cut its holding by 40 percent since September 2017, from $64.1 billion to $39.3 billion in April.”
https://www.rt.com/business/430086-russia-us-treasury-bermuda/
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And China: https://www.bloomberg.com/amp/news/articles/2018-06-15/china-s-holdings-of-u-s-treasuries-fell-5-8-billion-in-april
And Mexico, India, and Taiwan
https://mobile.reuters.com/article/amp/idUSL1N1TH1XW
And Ireland: “Ireland, which had $300.4 billion in April also managed to ditch over $17 billion in US assets.” https://russia-insider.com/en/politics/russia-dumps-half-its-us-treasury-bonds-nearly-50-billion/ri23822
H.O.S.: this process seems to well coordinated to be a mere “financial war” by the countries mentioned; it may have been negotiated with a US faction, or that faction may have “leaked” some plans regarding an approaching attempted solution to the debt mountain. The question is, how beneficial will this solution be to the “man in the street”?
The financial oligarchs have differing positions, e.g. the Tower of Basel has just published a study saying why cryptos cannot be a currency.
Agree, this seems orchestrated. I think it’s part of the disengagement of the US from the machinery of global trade/order….some parties who otherwise might be on opposing sides seem to be strange bedfellows here 🙂