This move from Russia, which started a while back, along with China dumping US Treasury bonds, does not bode well for the USA. Many of us were wondering when this would happen, as the USA is fuelled by the fake money printed out by the Federal Reserve, the biggest scam artist on the planet.
Russia, which is no longer a leading creditor of the US, after an unprecedented dumping of the US Treasury bonds in April and May, has slashed its stockpile by almost $800 million in March to $13.716 billion.
Russia has cut nearly 85 percent of its US Treasury holdings from $96.9 billion in January 2018. The drop is even more significant from 2012, when Russia held over $170 billion in US debt bonds.
— ACEMAXX ANALYTICS (@acemaxx) December 20, 2018
The largest US creditor China sold $20.45 billion in Treasuries in March, the most since October 2016, following $1.08 billion in purchases the month before.
“The decline this month brings China essentially flat to where they were in February, erasing the increases from December through February,” Jefferies LLC’s senior money market economist Tom Simons told Reuters.
Japan, the second largest US debt holder, raised its Treasuries holdings to $1.078 trillion, the highest since November 2017, from $1.072 trillion in February.
However, another set of Treasury data shows Japan sold $11.07 billion in US government debt in March, the most since February 2018.
The US national debt has climbed above $22 trillion this year and is projected to continue rising by a trillion each year over the next decade.