Most foreign holders of U.S. Treasury securities are slashing their holdings, including the two biggest holders of American debt.
According to Treasury data, China reduced its holdings from $1.151 trillion in September to $1.138 trillion in October. Japan followed suit, decreasing its holdings from $1.028 trillion to $1.018 trillion.
This represents the fifth straight month of declines for Beijing and the fourth consecutive month of reductions for Tokyo. It’s also the lowest total since May 2017.
Other countries have also lowered their holdings, including Brazil, Ireland, the United Kingdom, Switzerland, Hong Kong, Saudi Arabia, and India.
President Donald Trump proclaimed that he didn’t need the rest of the world. Considering how much borrowing his administration has does, he may have no other choice but to lean on the likes of China and France to survive.
President Trump is right. Since the FED Banksters are the debt buyer of last resort our government will always be able to borrow what they need to continue keeping future generations beholding to the Banksters. As long as Fractional-Reserve banking remains in use, we all become poorer each and every day.
Until the federal government takes the power away from the FED Banksters, nothing will change. When will our politicians wake up and start issuing the dollars they need debt free???
China tried paper money 10,000 years ago, give or take. didn’t work then…why now?