擁有廢紙的國家開始覺醒,               NEW9.gif

逐步淡出沒有前景的美國資產。

雖然美國想盡辦法想要拖延現況,

只可惜拖不了多久了…

 

不知道美國是否準備拆爛污,

宣布破產來免除自己國際上的各種債務

(公債和外匯存底)

然後挾著自己的軍威對世界說:

「咬我啊!」

這麼一來可能會有戰火發生,

這也就解釋為什麼現在瞬間全球都不平靜,

阿富汗、北韓、中東、非洲…

甚至墨西哥灣的漏油事件,

(有消息是說美國在懲罰墨國向中共示好)

到處都在滋事。

 

台灣同胞不但要想辦法保護自己的外匯存底,

還要小心自己的退休金、公司貿易資產、與投資

(因為共同基金與外匯幾乎都是以美元計價的)。

 

中國財政部不斷倒貨

其持有量又創今年新低

英國反而加速買進美國國債

Chinese Treasury Dump Brings

Its Total Holdings To One Year Low,

As "UK" Continues Exponential

Accumulation Of US Bonds

n 日本也一樣在賣出其持有的美國國債

n 某個英國機構在大量買進美國國債,
並非英國境外公司或者是大型基金機構。
應該是聯準會位於英國的影子機構
Fred註:聯準會的母公司)。

n 圖一、外資長期投資美國買賣金額圖

n 圖二、外資持有公司債券金額變化圖

n 圖三、中國財政部持有美國短期、長期公債圖

n 圖四、中國買進賣出美國短期、長期公債圖

n 圖五、日本財政部持有美國短期、長期公債圖

n 圖六、英國財政部持有美國短期、長期公債圖

n 圖七、英國買進賣出美國短期、長期公債圖

 

Submitted by Tyler Durden on 07/16/2010 09:28 -0500

 

We are a rather surprised that this morning's stunning Treasury International Capital report has not gotten far more prominent attention. The reason: in it we read that in May 2010, China dumped $33 billion in Treasuries, bringing its total to the lowest since June 2009. Furthermore, Japan also offloaded $8.8 billion in bonds, as did the Oil Exporters. Yet total foreign Treasury holdings increased from $3,957 billion to $3,964 billion almost exclusively as a result of ongoing exponential UK accumulation. It is time someone in the mainstream media asked just who is doing all this "UK-based" buying? It is not hedge funds, which operate out of Caribbean Banking Centers, and which saw an increase in holdings from $151.8 billion to $165.5 billion as risk went completely off in the month of May courtesy of the Flash Crash, Greece, and the general insolvency of Europe. It is also not China due to a diverging pattern in Bills accumulation versus disposition. Additionally, May saw a dramatic decline in total foreign purchases of total US assets, dropping from $110.3 billion to just $33 billion, with Corporate Bonds and Corporate Stocks seeing a rare monthly sell off ($9 billion and $432 million).

Below is a chart of total Long-Term securities purchased by foreigners monthly:

 1.外資長期投資美國買賣金額圖.JPG

Notably, foreigners sold US Corporate Bonds for the first time since February 2009, after $432 million in bonds were sold:


2.外資持有公司債券金額變化圖.JPG

So cutting to the chase, the key observations as always were in the holdings of the top 3 - China, Japan and the UK. As noted previously, China dumped $32.5 billion worth of bonds, which consisted exclusively of US Bills selling to the tune of $35.4 billion, even as the country bought a nominal $2.9 billion in Bonds.

 3.中國財政部持有美國短長期公債圖.JPG

The selloff has resulted in Chinese bond holdings dropping to the lowest since June 2009, and their Bill holdings, at just $7 billion, to the lowest ever!

4.中國買進賣出美國短長期公債圖.JPG

But China was not alone: Japan also dumped USTs - a total of $8.8 billion, although unlike China, Japan sold $11.1 billion in Long Term Bonds even as it bought $2.4 billion in Bills.

5.日本財政部持有美國短長期公債圖.JPG

Yet in what is (and continues to be) the most perverse observation, that proceeds without any questions from the mainstream media, the otherwise broke UK, once "bought: a stunning amount of Bonds, or just over $28 billion in the month of May, consisting of $27 billion in Bonds, and $1.3 billion in Bills. The "UK" accumulation patterns continues growing in an exponential pattern, and the country which owned "just" $180 billion in USTs in December, has doubled its holdings to $350 billion in less than half a year.

6.英國財政部持有美國短期公債圖.JPG

And here is the most imporbably chart we have seen in a long time:

7.英國買進賣出美國短長期公債圖.JPG

This is not hedge fund accumulation, as Caribbean Banking Centers, traditionally the locus of HF accumulation saw a $14 billion increase in May, and if it is China, as is widely rumored, why was there an increase in Bill holdings? This is increasingly appearing as shad

ow Fed debt monetization operation, operating out of the United Kingdom. Hopefully someone with far more executive level access (NYT?) than us, will dare to challenge the status quo, and facilitate their credibility and book sales, by asking the right people the right questions to explain this confounding observation...

原文(全)連結:

http://www.zerohedge.com/article/chinese-treasury-dump-brings-its-total-holdings-one-year-low-uk-continues-exponential-accumu?

 

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  • 白貓騎士
  • 戰爭比和平容易的多

    以美國的軍力,真想耍流氓還真是沒人拿它有辦法。不過這樣還有誰要跟它做生意?

    再說宣布破產之後,表示沒錢了,出動航艦、F22、B2、神盾,這些難道不用錢?因此狡猾的美國政府就算要打大概也是來陰的。錢呢?再來印鈔票吧?發行40000:1的新通貨,叫做「新大陸幣」。傷害的只是可憐的人民。

    不過要是中國或其他有市場的國家搞壁壘,那狀況可就危險的多。不管怎樣,和平久了就會想開戰,戰爭久了又會想和平,現在剛好是在要進入戰爭的週期裡,大家的方舟上該裝的東西要準備好啊。

    小弟不材擅發謬論,請多指教,也請惠賜電子報。
  • LKK
  • 如有雷同 純屬巧合

    你不與他作生意 他就打你
    你作生意賺他的銀子 他也打你
    你不買他的止痛劑 他會打你
    你賣他要的東西 不用他的紙鈔 他也打你

  • James Turk
  • BIS gold

    Deciphering the BIS gold swap

    July 29, 2010 – Much has been made recently of the news that the BIS last year completed a 380-tonne gold swap with an unnamed commercial bank. This BIS transaction intuitively strikes me as being hugely important. Unfortunately, the BIS and the bank involved have disclosed too little information for any of us outside the inner circle of central bankers to truly understand what is happening behind the scenes.

    Consequently, there have been various interpretations by market participants of what the swap means, but the fingers kept pointing at Portugal. First, Portugal reports owning 382 tonnes of gold, which is very close to the weight of metal swapped with the BIS. Second, as one of the notorious over-indebted and spendthrift PIGS (Portugal, Italy, Greece and Spain), it is likely that Portugal might be willing to complete unusual and even extraordinary transactions in order to try improving its financial position.

    I did not agree with the conventional interpretations of the BIS swap, but have held off airing my comments, until now. I have been waiting for at least some anecdotal evidence to substantiate my hunch about what the BIS swap means, and that evidence has now been reported by the Financial Times. Noting that “sovereign borrowers typically do not post collateral” on derivative trading, the FT reports that “Portugal has become the first eurozone country to agree to set aside cash – or other assets [possibly gold?] – against derivative transactions in a decision intended to reduce its funding costs.” Here is my thinking, beginning with some background information.

    There are two sides to a swap, and therefore two potential reasons a swap would be made.

    Before it was announced that the BIS completed the swap with a commercial bank, the mainstream interpretation was that a troubled sovereign borrower or perhaps even the ECB itself needed liquidity, so they used gold to borrow currency. But given its two-sided nature, there was also another potential reason for the swap even if it received little attention – the BIS may be running out of physical metal for its interventions in the gold market. So it needed to get its hands on some physical metal. Consequently, it swapped currency for physical gold (or perhaps to deliver on calls it had sold and were exercised).

    Then after the BIS announced that it had completed the swap with a commercial bank, many observers – including me – were perplexed. If it were a traditional swap, the commercial bank would have 380 tonnes of gold in its possession, which is a highly unlikely proposition. Commercial banks are not in the business of owning gold; they are in the lending business. Clearly, if any commercial bank had owned gold, which is highly unlikely I might add, the gold would have already been loaned out.

    So this news by the BIS that it completed the swap with a commercial bank left me scratching my head.

    One possibility was that the commercial bank would have had to borrow the 380 tonnes from a central bank and then swapped with the BIS, but this supposition raises another question. Why would there be any commercial bank involved? Why wouldn’t the central bank with the gold just swap directly with the BIS, as France did with Germany in a currency crisis some two decades ago when the Exchange Rate Mechanism was still in place? Undoubtedly, some other factors are at work here, which is why the FT report is important. My conclusion is that we are seeing with the BIS announcement some ‘window dressing’ of a sovereign debtor’s balance sheet, and the early finger pointing at Portugal was probably accurate.

    It has long been recognized that Portugal is active in the gold market. It had loaned gold to Drexel Burnham in the 1980s, which became public information as a consequence of that high-flying investment bank’s collapse. So it is not farfetched to assume that Portugal had loaned its remaining gold to a commercial bank, which meant that Portugal was exposed to the credit risk of this bank.

    Now consider for a moment, what if that gold loan had been made by Portugal to Citibank or some other zombie bank? It wouldn’t look very good on Portugal’s balance sheet to be owed 380 tonnes of gold by a near-bankrupt institution. Given that Portugal is taking steps to “to reduce its funding costs” as the FT reports, it would be logical for it to get rid of that gold loan.

    The best choice of course would be to demand repayment of the loan and put the 380 tonnes of gold back in its vault. That action though would drive the gold price sky-high, given the dearth of sellers of physical metal at current prices. Sky-high prices would blow-up the gold cartel and its efforts to continue capping the gold price as it operates its staged retreat, letting gold rise every year but not too much so as to not draw everyone’s attention to it and the resulting consequences of ever-depreciating fiat currencies. So enter the BIS.

    It swaps currency for the gold loan at the commercial bank. In other words, the 380 tonnes of gold is now owed to Portugal by the BIS, improving considerably the quality of Portugal’s balance sheet. After all, who would you rather have owing gold to you? Some commercial bank like Citibank or the central banks’ own central bank, the BIS? Clearly, being owed gold by the BIS instead of a zombie bank would be one way for Portugal to “reduce its funding costs” by improving the quality of its balance sheet.

    Of course, all of the above is just reasoned speculation at this point. My explanation to decipher the BIS swap seems logical, but we will never know for sure the true reason because central banks continue to operate in secret behind closed doors.

  • Fu
  • 正所謂戰爭服務經濟,只是不知到時的藉口是什麼。
  • frank
  • 看起來要戰爭了
    看起來要缺糧了
    看起來要缺水了
    真不禁讓人懷疑
    是不是要世界末日了
    該不會這就是2012
  • 如有雷同 純屬巧合
  • 你想賣的 他說你傾銷
    你不想賣的 他說你違反自由貿易規則
    你賣他要的東西 不用他印的紙鈔 他直接打你

    你買吃的 他說你吃太多
    你想買油 他說你用太多  他自己的平均每人用量是世界平均值十倍以上
    你想買他出產的 真正高級的好東西 他不賣
    他只想賣借據與一些火箭專家用高深數學所演算出來的紙