Post
Topic
Board Economics
Re: Russian Dump of US Treasuries Fueling Bitcoin?
by
stompix
on 20/07/2018, 20:09:31 UTC
Saw this today and wondered if the rebound could be linked to the dumping of at least half of US Treasuries bonds by Russia.  Hints are this will soon coincide with a massive dump by China in the next few days.  Seems like China-Russia is allied against the US economically and maybe people are pulling their money out.

https://www.zerohedge.com/news/2018-07-17/russia-liquidates-its-us-treasury-holdings


Opening zerohedge.....run for the hills, the apocalypse
Closing zerohedge, waiting....waiting....nothing happens

Russia has been dumping Us Treasury bonds for years since 2015.
They were holding close to 200 billion at that time, now they are out, who cares?
China will not dump anything, this would lead to them losing money and China doesn't give a damn about anything else but money and commerce.

Btw, those 100 billlions are nothing compared to:
Quote
In all, foreigners held $6.17 trillion of the total $14.84 trillion of Treasury debt outstanding through April.

As for BTC ...again, nothing will happen.