Charlie Gasparino And Scott Baio Attacked

By Antifa A$$holes While Kellyanne

Conway Thumps Some Fool

Pro Immigration Advocate to Americans:

You Do A lot of Drugs, Therefore You Do
Not Deserve Borders

by ZeroPointNow - Jan 24, 2017 5:30 AM

by The_Real_Fly - Jan 23, 2017 10:33 PM

"Now I know why Trump hired her"

Dear Americans, you deserve to be conquered.

MeeT FaKe NeWS BoB...

by williambanzai7 - Jan 23, 2017 10:21 PM

BANZAI7 FOOD AND BEVERAGE WARNING...

China Dumps Treasuries: Foreign Central Banks Liquidate A Record $403 Billion In
US Paper
by Tyler Durden
Dec 16, 2016 4:58 AM

4.0K
SHARES

One month ago, when we last looked at the Fed's update of Treasuries held in custody, we noted something troubling: the number had continued to drop sharply,
declining by another $14 billion in one week, and pushing the total amount of custodial paper to $2.788 trillion, the lowest since 2012. One month later, we
refresh this chart and find that in last week's update, there is finally some good news: foreign central banks finally bought some US paper held in the Fed's
custody account, which following months of liquidation, rose over the past two weeks by $23 billion, the biggest two-week advance since November of 2016,
pushing the total amount of custodial paper to $2.816 trillion, the highest since early October.

That was the good news, and we use the term loosely in as much as the custody account can be used as a proxy of foreign buying, which according to most rates
watchers, it can.
The bad news came out with the release of latest monthly Treasury International Capital data for the month of October, which showed that the troubling trend
presented one month ago, has accelerated to an unprecedented degree.
Recall that in mid-November, we reported that in the latest 12 months we observed a record $375 billion in Treasury selling by foreign central banks in the
period August 2015-September 2016, something unprecedented in size.
Fast forward to today when in the latest monthly update for the month of October, we find that what until a month ago was "merely" a record $375 billion in
offshore central bank sales in the LTM period ending September 30 has, one month later, risen to a new all time high $403 billion in Treasuries sold in the
past 12 months.
As the chart below shows, there has never been such an aggressive selling of US Treasuries over a 12 month period in history.

The biggest seller, and keep in mind that TIC data is on a market-price adjusted basis, was once again was China, which in October "sold" a record $41 billion in
US paper (the actual underlying number while different, as this particular series is adjusted for Mark to Market variations, will be similar), and a massive $125
billion in the last 4 months, bringing its total Treasury holdings to just $1.116 trillion, the lowest amount of US paper held by Beijing since 2010. In the
process, China has now been overtaken by Japan for the top US creditor position in terms of total holdings with $1.132 trillion, for just the second time.

It wasn't just China: Belgium, which has long been rumored to be the venue where China's keeps its "secret" offshore Treasury holdings couretsy of Euroclear,
also dumped its TSY holdings, and in October its stated holdings (which again have to be adjusted for MTM), tumbled from $143Bn to $117Bn, the lowest since
the summer of 2015.

Furthermore, as we have shown previously, when superimposing China and Belgium's holdings together, these tend to allign almost perfectly with the monthly
change in Chinese reserves, which as reported before, have been declining sharply in recent months as a result of China's aggressive attempts to prevent a sharp
devaluation of the Yuan. This can be seen on the chart below, and confirms that at least when it comes to China, the reason for the selling of Treasurys has been
due to reserve liquidation.

As we pointed out one month ago, what has become increasingly obvious is that both foreign central banks, sovereign wealth funds, reserve managers, and
virtually every other official institution in possession of US paper, is liquidating their holdings at a disturbing pace, something which in light of the recent surge in
yields to over 2 year highs, appears to have been a prudent move.

yields to over 2 year highs, appears to have been a prudent move.

In some cases, like China, this is to offset devaluation pressure; in others such as Saudi Arabia and other petroleum exporting nations, it is to provide the funds
needed to offset the drop in the petrodollar, and to backstop the country's soaring budget deficit. In all cases, it may suggest concerns about a spike in future
debt issuance by the US, especially now under the pro-fiscal stimulus Trump administration.
So who are they selling to? The answer, at least until August, was private demand, in other words just like in the stock market the retail investor is the final
bagholder, so when it comes to US Treasuries, "private investors" both foreign and domestic are soaking up hundreds of billions in central bank holdings. As we
said two months ago when we observed this great rotation in Treasuries out of official holders into private hands, "we wonder if they would [keep buying]
knowing who is selling to them." Well, last month this changed, and after private investors had been happily snapping up bonds for 4 straight months, in
September "other foreign investors" sold a whopping $31 billion, bringing the total outflow between public and private foreign holdings to $76.6 billion, the
second highest number on record. In October, while foreign official entities sold another $45 billion, at least the pace of selling by private entities moderated
somewhat, to "only" $18.3 billion.
Meanwhile, while just four months ago yields had tumbled to near all time lows, suddenly the picture is inverted, and long-yields are surging on concerns that
not only will the ECB and the BOJ soon taper their purchases of the long end, but that Donald Trump is about to unleash a $1 trillion debt tsunami at a time when
the Fed will not be available to monetize it, now that the Fed is again hiking rates.
While it is unclear under what conditions foreign buyers may come back - after all TSY rates have already jumped high enough to where US paper should be more
than attractive to foreign official institutions - one thing is clear: as of this moment the selling strike not only continues but is accelerating, and should the
foreign liquidation of Treasuries fail to slow, Yellen will soon have to plan how to not only abort the current rate experiment which continues to pressure yields
higher around the globe, but to start thinking how to launch QE4 instead.

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NugginFuts Dec 15, 2016 5:02 PM
So this is bullish, right? DOW 30k by year end now?
What could go wrong?
BUY BUY BUY BUY BUY

Pinto Currency NugginFuts Dec 15, 2016 5:10 PM

LIBOR has been tightening global credit since 2014 and slowing global trade.

Savesettings

As trade slows, EM currencies (including Yuan) fall causing USD demand to pay back local USD denominated debt as soon possible. CB's then sell their
treasuries to get those dollars to meet local demand.
http://www.safehaven.com/article/43077/president-trumps-immediate-emergency

rccalhoun Pinto Currency Dec 15, 2016 5:28 PM

time for QE 4!

Holy hand grena... rccalhoun Dec 15, 2016 5:41 PM

All your joobux are belong to YOU!

Stuck on Zero Holy hand grenade of Antioch Dec 15, 2016 7:25 PM
What exactly are people trading the treasuries for? Cash? Bank notes? Stocks? Foreign currencies? Acquisitions?

NotApplicable Stuck on Zero Dec 15, 2016 7:52 PM

QE4EVAH

Yes We Can. But... NotApplicable Dec 15, 2016 8:25 PM

Check it out. Seaman calling for a currency collapse:
https://www.youtube.com/watch?v=VI_Wvl2UZbA

eatthebanksters Yes We Can. But Lets Not. Dec 15, 2016 9:49 PM
Market liquidity no onger seems to be an issue...

Save_America1st eatthebanksters Dec 16, 2016 12:53 AM

as always, BTFD, bitchez.
Stack the phyzz Ag in 20 ounce chunks...the scumbags might monkey hammer it lower, so don't go all in. Buy little by little on

Stack the phyzz Ag in 20 ounce chunks...the scumbags might monkey hammer it lower, so don't go all in. Buy little by little on
the way down and a little more once it comes back up.
Watch the GSR (gold to silver price ratio). That's important, bitchez.
And when that ratio comes down to under 30:1 start trading a little phyzz Ag for phyzz Au

Hal n back Stuck on Zero Dec 15, 2016 8:02 PM

Gold or their local currency

roddy6667 Stuck on Zero Dec 15, 2016 9:00 PM

China is buying vast amounts of gold and also strategic metals used in manufacturing, like copper, beryllium, titanium, etc. When inflation
returns with a vengeance, they will skyrocket in buying power while the dollar tanks.

El Dorado roddy6667 Dec 16, 2016 9:11 AM

Or the traders will perceive inflation as a sign that the FED will continue to tighten further and bid the dollar higher.

Bay of Pigs Stuck on Zero Dec 15, 2016 9:49 PM

Pardon my ignorance, but how the fuck is this bullish for the USD?

willwork4food Bay of Pigs Dec 15, 2016 11:29 PM

Similar to what Pinto posted earlier, EM's have outstanding USD debt they must pay back with USD's. When Yellen raises rates their
interest and monthly/quarterly rates rise too which means they need more USDs to pay back the loans. Demand for USD's is bullish for
the USD, doesn't help someone that wants to sell widgets (payable in USD) to China or another EM.

Mr. Magoo rccalhoun Dec 16, 2016 9:27 AM

Nothing to see here move along. China dumping treasuries is not any reason to be alarmed or worried the Fed will continue to buy buy buy as
they always have until the Zimbabwe or Venezuela hyperinflation will kick in. That could never happen here Right????
NOT!!!

kliguy38 Pinto Currency Dec 15, 2016 5:29 PM

kliguy38 Pinto Currency Dec 15, 2016 5:29 PM

sumbody is gettin' ready for a reset

Make_Mine_A_Double kliguy38 Dec 15, 2016 5:37 PM

Getting ready for push come to shove in South China Sea.

sinbad2 kliguy38 Dec 15, 2016 7:34 PM

It was Hillary's job to push the button, so they might speed things up a bit now.

MFL5591 Pinto Currency Dec 15, 2016 6:08 PM

So who is buying all the paper they are printing? Of course, the answer is that the Federal Reserve and the Treasury have ben lying to the American
public, all the paper is being held internally because we are no longer a good credit risk!

new game MFL5591 Dec 15, 2016 7:47 PM

maybe, but remeber other cb s are printing to buy. but not fast enuf to soak up the flood.
safe to say the buyer of last resort. da fed. dialing bowl cut for moar info. or checking
the balance sheet, crap, lies, lies, no decernable info present...

hyperspd7 MFL5591 Dec 16, 2016 8:05 AM

We haven't been a good credit risk for long time. We're like a destitute family with 7 kids, no job; We have 300k in credit card debt, are 5
months behind on the mortgage and we are asking for a loan for a new Cadillac. Pretty sad, that's the best debtor situation around in terms of
nations.

Crisismode NugginFuts Dec 15, 2016 7:24 PM

$403 billion is chump change.

Pissant nothing money.

Talk to us when REAL money is changing hands.

Until then, fuck off.

Hal n back Crisismode Dec 15, 2016 8:09 PM

Senator Ev Dirksen, in the 60's:
"A billion here and a billion there, pretty soon it adds up to real money"

El Vaquero Crisismode Dec 15, 2016 8:31 PM

That's over 10% of foreign held USTs. It's kind of a big deal.

Tall Tom El Vaquero Dec 15, 2016 10:06 PM

That we know about? What about those stealth Treasuries which we are not supposed to know about?

But the trend is not a sneeze to be dismissed. You are correct about that.

The sell off will increase as the current bonds with low yields will be sold off at a discount for bonds that have higher yields. That would be the
smarter long term move.

Get ready for more of this.

Lynx Dogood NugginFuts Dec 15, 2016 9:46 PM

It is for the dollar. When you as a country can make loans or debt agreements in the euro, yaun or yen, call me. Will not happen for a while. Even China
is stuck with the Dollar as it's reserve as there is not enough yuan of actual value in international markets. As well no government can offer a loan or
bond in yuan, yen or euro. Those countries would never allow it. Don't get sucked in to the media smoke and mirrors.

Mr. Pain Dec 15, 2016 5:02 PM

And gold continues on the way down the tubes.... Go figure!

Kirk2NCC1701 Mr. Pain Dec 15, 2016 5:06 PM

PM will continue to go down as long as you and in own it.
The week that I sell my last PM ("Store of Value"), is the day it goes up again.
Murphy's Laws.

froze25 Kirk2NCC1701 Dec 15, 2016 6:00 PM

What was the last recent low in silver like 11.50 an ounce?

HRH Feant froze25 Dec 15, 2016 6:06 PM

I remember buying silver for $5 an ounce. Would it go lower than that? I doubt it.

Tall Tom HRH Feant Dec 15, 2016 6:50 PM

In 1996, 2001, and 2002 Silver was trading in the low $4.20 to $4.50 ranges.

I was paying five cents per gram for Sterling Silver at Swap Meets and biying lots of it.

peddling-fiction Tall Tom Dec 15, 2016 7:23 PM

Hi Tom, how is your health?
I am still in Bolivia, in La Paz.

Tall Tom peddling-fiction Dec 15, 2016 8:16 PM

Still here in wonderful Lakeside, CA, USA.

I am alright. Hope things are going well with you.

You are approaching the Summer months right now? Must be nice and warm.

Best wishes. Pray for us for Monday's Electoral College vote. A nullification might bring us to the brink of Civil War may the Good Lord
forbid.

La Paz is a good place to be.

(The problem is the total lack of understanding that the public has as they was never intended to elect the President according to
the Constitution. But everyone on "both sides" feels entitled to have their vote counted. They believe in DEMOCRACY as they are
DEMOCRAts. They do not understand that the United States is a REPRESENTATIVE REPUBLIC as true REPUBLICans do. Too many RINOs
here.The ENTITLEMENT Mentality is a curse. And when their expectations are failed some will turn to violence. Thomas Jefferson
was correct. A democracy IS the most abhorrent form of Government.)

was correct. A democracy IS the most abhorrent form of Government.)

Just my concern as I know that it is in God's hands.

To Liberty and Truth.

peddling-fiction Tall Tom Dec 15, 2016 10:28 PM

Hi Tom, I am good. Great to know that you are ok.
Yes, summer is here but I live at 12,800 feet so, well, you know the physics.
Yes, I have had lots of concerns for the States. My prayers are with the few and the righteous.
Remember, things are they way they should. No fear.
So few understand the dangerous times we live in.
I only seek the truth Tom.

Tall Tom peddling-fiction Dec 16, 2016 12:27 AM

That is a high elevation. In fact a little over 12,000 feet is the highest elevation to which I have ever climbed. The air is thin and
the atmosphere is rarified. I noticed a striking difference in color intensities. (Perhaps I was stoned from anoxia???) (Mt Agassiz,
San Francisco Peaks, just North of Flagstaff, AZ)

Must be nice about now. Must be beautiful.

peddling-fiction Tall Tom Dec 16, 2016 12:49 AM

Interesting perspective Tom. I get you.
Been struggling just to function properly for some time.
Now I am starting to function properly, and if I were to go down in altitude, I will grow massively stronger in all respects.

I have already lived this down in Chile.

Used to live up in the mountains in the Central Valley, and every time I climbed down, I noticed the difference with the lower
valley folks.

Tall Tom Tall Tom Dec 15, 2016 8:22 PM

I like it when people believe that they can change the facts by a vote...by consensus. They are so deluded and Mentally Ill.

Thanks for the laugh.

http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx

Hal n back HRH Feant Dec 15, 2016 7:28 PM

tell me--how much of the US population is aware, or cares, that US interest bearing debt is increasing annually by well ofover 1 trillion.
Then how many know or care or understand that China , Saudis and Belgium and som eothers are selling treasuries
The media cannot report this. It would make Obama look bad.

Yes We Can. But... Hal n back Dec 15, 2016 8:48 PM

I don't think the average Joe knows that Obama in his 8 lost years increased the Federal debt by $30,000.00 per average Joe, i.e.
$150,000.00 per family of five (all the while raking in record Federal tax collections). With nothing to show for it. And with rates and
thuse debt service load set to increase.

peddling-fiction Yes We Can. But Lets Not. Dec 15, 2016 10:53 PM

There will be some bodies to show for this treason.

tmosley HRH Feant Dec 15, 2016 7:34 PM

The spot price could easily go to zero.
The premiums will go to infinite.
IE decoupling.
Things are going to accelerate next year. Hope everyone is ready.

SubjectivObject Kirk2NCC1701 Dec 15, 2016 6:27 PM

Sell now please.
Your name will be remembered forev... oh wait.

Yog Soggoth Kirk2NCC1701 Dec 15, 2016 6:43 PM

Let's look at fairly recent history to decipher the future. If everyone had bought AG at 11, then waited to 20, sold, they would have kept in the game
and made a few bucks. That was really not that long ago, so it certainly is not bearish. I am looking at current prices as buy time. China, what do
they know anyways? Emerging country that they are. Surely the USD will skyrocket into outer space forever, leaving the entire world in it's dust.

dogmete Kirk2NCC1701 Dec 15, 2016 11:18 PM

Why would you sell it?

Raffie Mr. Pain Dec 15, 2016 5:09 PM

Just to instill doubt to the weak mined is all theyu are doing.
Don't buy into the doubt and keep stacking if you can afford it.

Safelyundergroundlul Raffie Dec 15, 2016 5:25 PM

Weak hands something.

angry_dad Mr. Pain Dec 15, 2016 5:16 PM

Both the chinx and russians are buying gold hand over fist asthese low prices are a boon to them.
It's a great way to isolate themselves from a worthless paper currency.
Like everythign else on the planet, gold prices are rigged and these buyers are taking advantage of someone elses bad position.
Too bad the gringos got off the gold standard.
Look where we are now, $20 TRILLION in the hole and no way out.

Safelyundergroundlul angry_dad Dec 15, 2016 5:27 PM

I do wonder how posterity will look back at this. An indebted empire can only end one way, can't it.

eclectic syncretist Safelyundergroundlul Dec 15, 2016 6:51 PM

With only $1.2 trillion dollars and coins in circulation, this could become a problem for the imagineersat the Fed and criminal cartels. I wonder
if the Chinese are settling for the "numbers in cyberspace" as payment ruse that the banksters are pushing so fervently now.

itstippy eclectic syncretist Dec 16, 2016 7:54 AM

"Cash equivalent" cyberbucks and physical currency are fungible. Money in checking accounts and US Treasury Bonds for example, while just
numbers in cyberspace, are treated as cash. If need be the US Treasury could print or coin physical currency equal to the amount of "cash
equivalent" cyberbucks in circulation without impacting the value of the dollar at all.
Non-cash-equivalent cyberbucks are the problem. Money that people are counting on receiving in the future. Pensions. Mark-to-model
financial products. Asset-backed securities whose value is calculated by unrealistic valuations of the underlying assets. Derivatives.
Vehicles and other high-value products marked as "sold" on corporate balance sheets when they're actually still sitting in retailers' inventory
waiting to be sold (channel stuffing). Illiquid 401K accounts stuffed with wildly overvalued stocks. Basically, financial products that promise
to gladly pay you Tuesday for a hamburger today. The proliferation of these debt-backed financial products went wild with the repeal of
Glass Steagall, and many holders of these financial time bombs believe they are "cash equivalent" cyberbucks because they see an account
balance on their computer screens. A lot of people are not going to get paid.