Friday, June 3, 2011

China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills

QUOTE: "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."

For the past few years I've been keeping an eye on this very issue as a possible precursor to a significant economic collapse.  Just thought I'd share the above-linked article with my listeners.  

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