ALERT: China’s Dumping Of The Dollars Has Begun!

China probably bought gold and scoop up commodities using their USD holdings. Makes sense knowing USD depreciation and commodities prices going up. Just hoard more metals now.

Vince Veneziani and Gus Lubin
The Money Game
Dec. 17, 2009

China, once a proud holder of United States post-World War II debt, is getting scared.

For years the People’s Republic has bought U.S. Treasuries, eventually becoming the largest holder of U.S. debt ($799 BILLION to be exact!). Those days are long gone, though.

During 2009, China hasn’t been buying many Treasuries and has been unloading dollars in a way that makes Geithner shiver at night.

And other big U.S. debt carriers like Japan may follow suit if confidence is lost.

This presentation, courtesy of RBS, takes a deeper look into China’s holdings and associated volumes since 2005. Get ready for shock and awe.

…article continues…
http://www.businessinsider.com/china-is-unloading-us-dollars-rapidly-2009-12#

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• The bottom line: In less than one decade, investors who trusted Washington and Wall Street were fleeced to the tune of $22.1 TRILLION!
• Ok, let’s talk full continuing unemployment:
• China will not do what Japan did in the 1980th to appreciate its currency under US pressure.

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