China dumping

[cottonpicken]

It's official china dumped over 100 billion in us treasuries in the past two weeks.

[SASKFARMER3]

Now that's interesting. This game is fun to watch but is this the new way to fight a war instead of guns and bombs.

[ajl]

China needs to raise cash. So much for the fabled trillions in foreign reserves. $US dollar higher as even China needs $US dollars on hand.

[cottonpicken]

100 billion buys 10 billion bushels of soybeans but there is 17 trillion dollars in treasuries out there. Who ever owns those is paying attention. Not that this is going to happen but if a mass liquidation took place you would see a spike in the usdx and then a complete collapse and anyone holding the bond or cash would be out,good for us though food would get bid into the strasphere,there is also no where near the demand or liquidity to purchase all those treasuries without sending yield way way high so another round of qe would be fore sure. Sounds like this sale of bonds was backdoored through beligium(again)but with the latest sell off in the stock market maybe not.

[biglentil]

If China announces a gold backed Yuan like their builboards, then the fireworks will begin. 1st though they will accumulate as many hard assets they can with funny money.

[cottonpicken]

Definitely a proxy type war. Makes me wonder about that chem warehouse explosion. Long memories them chinamen probably remember the time we saled up the yangzee and bombed the piss out them six generations ago.