I've been reading that both Japan and China, two of the largest holders of US Treasuries, are selling off major portions of their portfolios. The Japanese are doing it to raise money to intervene in the currency markets to support the falling yen.
China is doing it to flood an already saturated Treasuries market, making it harder for the US Treasury to refinance our debt and thus, driving interest rates higher. Additionally, the Chinese are using the proceeds to buy gold, a form of economic proxy war against the US dollar. Maybe China is the big buyer referred to in the article.
I wouldn't say "major portions". Not yet, it seems. Here's the data direct from U.S. Treasury for 2024 through November. But they both seem to be lightening up.
It is possible the "hidden player" is the United States Treasury under new leadership. To alleviate the income tax, go back to import tariffs, and to gain control of government spending, the U.S. dollar must have a "reserve asset" that backs the value of its paper currency. No longer does "the good faith and credit of the United States" merit trust.
The entire history of paper currency is based on "turn in the paper dollars over to a bank and obtain what the paper represents from the bank."
When citizens became convinced (by government) that worthless paper and ink were actual money, then the debt - government paper debt, and societal collapse - follow in time (typically 40 or 80 years).
I believe it is quite possible that some Austrian economists and neo-Austrians who see Bitcoin as the ledger platform for distribution of dollars backed by gold are working in the new U.S. Treasury and preparing to:
1. Revalue gold on government books from 42.22 to possible $5000, $10,000 even $15,000 or higher (on the books), then
2. Declare BTC a government reserve and tie dollars, both cash and digital, to the amount of gold and BTC the U.S. gov't holds in reserve.
The struggle with BTC is staying ahead of Quantum Computing, but I'm of the opinion the smart people in the government room have known for a long time (NSA?) that a country that financially collapses is a country at war - either civil or world war - and the U.S. government has been preparing for a long time (behind the scenes) to get ready.
CONCLUSION: Gather gold, stack silver, build Bitcoin in your portfolio (at least knowledge of what it is). It makes no sense for gold bugs (or silver bugs like I) to fight Bitcoin champions. It requires a combination of both digital (BTC) and analog (gold and silver) wealth to transition the United States from worthless government paper currency to currency that actually represents something else.
Of course, in the end, this only works IF the government balances its government budget and gets rid of all the criminal and stupid unelected bureaucrats in government that have performed illegal charitable contributions to subversive communist nations around the world. Thank you, Elon Musk and Donald Trump, for making this happen.
When we hit $4000 I'll view my "long and wrong" multi-year Rip Van Winkle gold holding is vindicated!
Until then . . . .glad for 2024's jump. Very glad. But it hasn't been the LT ride I would have expected vs. the Bubbly S&P or Nasdaq. You can be right and early and have that be so wrong. Sounds like a Country & Western song. Hee Haw!
One outlier could be any number of factors. Was a statistical variance done on this data? 5+ years equates to 60+ months, and one month being out of line does not necessarily mean anything. And a major month vs a minor month needs definition and additional data points to likely be relevant. Saying January is typically a quiet month means that you have 5 quiet January’s compared to this month, 1:5 is not strong. That’s like moving to a new state and having 5 warm months and declaring months are warm in said state. I like the article but needs more data
Democrats buying gold with all their stolen funds to crash and burn everthing
Proof... sanctions blowback is a bitch
I've been reading that both Japan and China, two of the largest holders of US Treasuries, are selling off major portions of their portfolios. The Japanese are doing it to raise money to intervene in the currency markets to support the falling yen.
China is doing it to flood an already saturated Treasuries market, making it harder for the US Treasury to refinance our debt and thus, driving interest rates higher. Additionally, the Chinese are using the proceeds to buy gold, a form of economic proxy war against the US dollar. Maybe China is the big buyer referred to in the article.
I wouldn't say "major portions". Not yet, it seems. Here's the data direct from U.S. Treasury for 2024 through November. But they both seem to be lightening up.
https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html
It is possible the "hidden player" is the United States Treasury under new leadership. To alleviate the income tax, go back to import tariffs, and to gain control of government spending, the U.S. dollar must have a "reserve asset" that backs the value of its paper currency. No longer does "the good faith and credit of the United States" merit trust.
The entire history of paper currency is based on "turn in the paper dollars over to a bank and obtain what the paper represents from the bank."
When citizens became convinced (by government) that worthless paper and ink were actual money, then the debt - government paper debt, and societal collapse - follow in time (typically 40 or 80 years).
I believe it is quite possible that some Austrian economists and neo-Austrians who see Bitcoin as the ledger platform for distribution of dollars backed by gold are working in the new U.S. Treasury and preparing to:
1. Revalue gold on government books from 42.22 to possible $5000, $10,000 even $15,000 or higher (on the books), then
2. Declare BTC a government reserve and tie dollars, both cash and digital, to the amount of gold and BTC the U.S. gov't holds in reserve.
The struggle with BTC is staying ahead of Quantum Computing, but I'm of the opinion the smart people in the government room have known for a long time (NSA?) that a country that financially collapses is a country at war - either civil or world war - and the U.S. government has been preparing for a long time (behind the scenes) to get ready.
CONCLUSION: Gather gold, stack silver, build Bitcoin in your portfolio (at least knowledge of what it is). It makes no sense for gold bugs (or silver bugs like I) to fight Bitcoin champions. It requires a combination of both digital (BTC) and analog (gold and silver) wealth to transition the United States from worthless government paper currency to currency that actually represents something else.
Of course, in the end, this only works IF the government balances its government budget and gets rid of all the criminal and stupid unelected bureaucrats in government that have performed illegal charitable contributions to subversive communist nations around the world. Thank you, Elon Musk and Donald Trump, for making this happen.
Interesting although I find it weird that someone who has been a gold bug as long as Schiff has only been following Comex data for "5+ years"
It stood out
When we hit $4000 I'll view my "long and wrong" multi-year Rip Van Winkle gold holding is vindicated!
Until then . . . .glad for 2024's jump. Very glad. But it hasn't been the LT ride I would have expected vs. the Bubbly S&P or Nasdaq. You can be right and early and have that be so wrong. Sounds like a Country & Western song. Hee Haw!
One outlier could be any number of factors. Was a statistical variance done on this data? 5+ years equates to 60+ months, and one month being out of line does not necessarily mean anything. And a major month vs a minor month needs definition and additional data points to likely be relevant. Saying January is typically a quiet month means that you have 5 quiet January’s compared to this month, 1:5 is not strong. That’s like moving to a new state and having 5 warm months and declaring months are warm in said state. I like the article but needs more data
I'm sure manipulation is afoot. Is it politically motivated??
Tune in for the next exciting episode...