Saudis, China Dump US Treasury Bills

[Petedtom]

by Tyler Durden
Oct 18, 2016 4:54 PM

1.1K
SHARES

TwitterFacebookReddit


One month ago, when we last looked at the Fed's update of Treasuries held in custody, we noted something troubling: the number dropped sharply, declining by over $27.5 billion in one week, the biggest weekly drop since January 2015, pushing the total amount of custodial paper to $2.83 trillion, the lowest since 2012. One month later, we refresh this chart and find that in the latest weekly update, foreign central banks continued their relentless liquidation of US paper held in the Fed's custody account, which tumbled by another $22.3 billion in the past week, pushing the total amount of custodial paper to $2.805 trillion, another fresh post-2012 low.


Then today, in addition to the Fed's custody data, we also got the latest monthly Treasury International Capital data, which showed that the troubling trend presented last one month ago, has accelerated. Recall that a month ago, we reported that in the latest 12 months we have observed a not so stealthy, in fact quite massive $343 billion in Treasury selling by foreign central banks in the period July 2015- July 2016, something truly unprecedented in size and scope.
Fast forward to today when in the latest monthly update, that of July, we find that what until a month ago was "merely" a record $343 billion in offshore central bank sales in the LTM period ending July 30, one month later this number has risen to a new all time high $346.4 billion, or well over a third of a trillion in Treasuries sold in the past 12 months.
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/10/16/TSY%20custody.jpg

[breezy]

But...aren't they our Global partners.....Saudis are our allies...

[Lenno]

T-bills take dollars out of circulation but when they mature in an age of Hyper-inflation they have lost all value. by the look of the graph one must wonder who is buying the bills? I would say Soros but I think that might have been mentioned if it were so, it would be his M.O. if so but that would hint at the bills going back-up soon which is a fantasy.
Wheels with-in Wheels

[moestooge]

The Fed can digitize "money" out of thin air to buy or redeem bonds and T-bills.

[Cassandra]

[QUOTE=Lenno;2639382]T-bills take dollars out of circulation but when they mature in an age of Hyper-inflation they have lost all value. by the look of the graph one must wonder who is buying the bills? I would say Soros but I think that might have been mentioned if it were so, it would be his M.O. if so but that would hint at the bills going back-up soon which is a fantasy.
Wheels with-in Wheels[/QUOTE
Our FED will just BUY all the Treasuries offered for sale. This a BIG problem for the future..... INFLATION.
But for now EVERYTHING MUST REMAIN STABLE through the November Election.
The FED together with all the elites support Hillary.

I wonder what kind of REVENGE all these Elites and our FED will direct at Trump, should Trump win.

[bw]

The elephant is moving toward the theater exit.

[Lenno]

The elephant is moving toward the theater exit.

[lonewolfinoregon]

The Fed can digitize "money" out of thin air to buy or redeem bonds and T-bills.

DIng Ding Ding....

Fed sends digital money to foreign banks and have them purchase US bonds and T-bills and then in turn the US Fed brags about how much foreign banks and Gov'ts are buying our JUNK...When in fact its US Fed purchasing them....

[Powder]

Saudis, China Dump US Treasury Bills

Dumping T-Bills. Um...isn't that what started the book TEOTWAWKI? That scenario didn't even consider all that digitized debt.

[Rhodie]

Dumping T-Bills. Um...isn't that what started the book TEOTWAWKI? That scenario didn't even consider all that digitized debt.

A very good book to.

Digitized Debt, it might be an electron or two, but it's tons around the neck of each of us.

Praying is the first step.
Having food put back is prudent, having more then a few rounds for each weapon is smart.
Having friends that have done the same is very good.
Coordinating, training, communications, having a plan, a second plan and if necessary 3 or more plans will make a difference.
Don't forget the prayers, that is what counts in the end.

Rhodie