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New World Order Title: China Divests 97% of Holdings in US Treasury Bills June 3rd, 2011 China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury. Treasury bills are securities that mature in one year or less that are sold by the U.S. Treasury Department to fund the nation’s debt. Mainland Chinese holdings of U.S. Treasury bills are reported in column 9 of the Treasury report linked here. Until October, the Chinese were generally making up for their decreasing holdings in Treasury bills by increasing their holdings of longer-term U.S. Treasury securities. Thus, until October, China’s overall holdings of U.S. debt continued to increase. Since October, however, China has also started to divest from longer-term U.S. Treasury securities. Thus, as reported by the Treasury Department, China’s ownership of the U.S. national debt has decreased in each of the last five months on record, including November, December, January, February and March.
Prior to the fall of 2008, acccording to Treasury Department data, Chinese ownership of short-term Treasury bills was modest, standing at only $19.8 billion in August of that year. But when President George W. Bush signed legislation to authorize a $700-billion bailout of the U.S. financial industry in October 2008 and President Barack Obama signed a $787-billion economic stimulus law in February 2009, Chinese ownership of short-term U.S. Treasury bills skyrocketed. By December 2008, China owned $165.2 billion in U.S. Treasury bills, according to the Treasury Department. By March 2009, Chinese Treasury bill holdings were at $191.1 billion. By May 2009, Chinese holdings of Treasury bills were peaking at $210.4 billion. However, China’s overall appetite for U.S. debt increased over a longer span than did its appetite for short-term U.S. Treasury bills. In August 2008, before the bank bailout and the stimulus law, overall Chinese holdings of U.S. debt stood at $573.7 billion. That number continued to escalate past May 2009– when China started to reduce its holdings in short-term Treasury bills–and ultimately peaked at $1.1753 trillion last October. As of March 2011, overall Chinese holdings of U.S. debt had decreased to 1.1449 trillion. - Source Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 5. In August 2008, before the bank bailout and the stimulus law, overall Chinese holdings of U.S. debt stood at $573.7 billion. That number continued to escalate past May 2009– when China started to reduce its holdings in short-term Treasury bills–and ultimately peaked at $1.1753 trillion last October. Don't worry, BE HAPPY! All HAIL the messiah "king" obammy! Useful idiots UNITE! What a man! /S
#5. To: Mad Dog (#1) Don't worry, BE HAPPY! Is there no hope for your sorry ass? You really think this is only Obama, or are you just a shill? BOTH sides are doing this to you. BOTH sides which are really the same side.
Replies to Comment # 5. Hey shit head BOOSH started with around 500 BILLIONS, I was against it then and I'm against it NOW. BUT your messiah "king" obammy TRIPLED it to almost $1.5 TRILLIONS since he's been on office. Your messiah "king" obammy IS the main reason we are here now FOOL. YOUR messiah "king" obammy is President NOW moron. "Both sides" are not the same FOOL. When you speak of both ESTABLISHMENT partees, demonRATS do NOT equal "liberals" they equal communists and worse, and repukelican'ts sure as hell don't equal AMERICAN'S best interests either they are statists at best. The only REAL DIFFERENCE IN AMERICAN NATIONAL POLITICS TODAY is between "Hate America FIRST!" libTURDS, and actual CONSTITUTIONAL CONSERVATIVES. But, it's a waste of time trying to treat you as if you are capable of actual nuanced rational or logical thought. Because unfortunately you are not.
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