Surprisingly, total foreign holdings of US Treasurys increased in December, from $5716.9 billion to 5794.9 billion. This was due to Belgium, or simply put "Europe", seemingly coming to the rescue by drastically increasing their US Treasury Holdings.
Terry Sacka AAMS, financial expert at Cornerstone Asset Metals addressed this news to make sense and provide clarity on what is actually happening. He explained, "This is just the beginning of secretive and shadow US T-Bond dumping. There is a pattern developing and taking place on Indirect Exchanges, meaning financial transactions are taking place using bonds for the so called
"currency" in the transaction. Mostly by Russia and China, but this third party dumping of US T-debt is something to take note of, because large asset sales are being done but not paid in traditional ways, these transactions are closing using the US T-Bond 10 year!"
His full statement on the Chinese sell off US Treasurys in December can be read on his company blog.
It was only 6 months prior that Mr Sacka appeared on The Wealth Transfer Show aired on the Christian Television Network (CTN) discussing the risk of a parabolic stock market, China's move on the dollar, and the use of the BRICS (Brazil, Russia, India, China, South Africa) nations as a crucial stepping stone to ending the dollar as a reserve currency. In addition he spoke on the staggering number the U.S. Fed has bailed out in foreign banks.
That video can be seen below:
In January and March of 2013 he appeared on the show to discuss the US currenct war with China. He gave his insight to the global currency war, China, and the impact on the future American standard of living in Part 1 and Part 2.
About Terry Sacka
Terry is a financial analyst and accredited asset management specialist (AAMS) at Cornerstone Asset Metals, a private bullion dealer located in Jupiter Florida. The company enables investors, both large and small, to use metals such as gold, silver, platinum and palladium as an effective hedge for their retirement accounts against inflation. The company mission is to put people back in charge of their wealth through tangible assets that have been used as a medium for exchange since the dawn of civilization.
For more information visit the company website at http://www.cornerstoneassetmetals.com
Cornerstone Asset Metals 601 Heritage Drive, Suite 104 Jupiter, FL 33458 (888) 747-3309