International purchases of American financial assets grew more slowly in April as China, Japan and Russia pared demand for Treasuries, underscoring the danger of U.S. reliance on foreigners to finance its fiscal deficit.
Total net purchases of long-term equities, notes and bonds rose a net $11.2 billion, compared with buying of $55.4 billion in March, the Treasury said today in Washington. International holdings of Treasuries increased a net $41.9 billion, compared with the $55.3 billion gain in March. Including bills, the holdings fell a net $2.6 billion.
Benchmark 10-year Treasuries, which rose after Russian Finance Minister Alexei Kudrin said it’s “too early to speak of an alternative” to the dollar, remained higher after today’s report. That indicates investors have yet to see evidence that international money managers are losing confidence in the currency that has proved a haven during the credit crisis.
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“Talk that foreign central banks will diversify out of their dollar and Treasury holdings is so far just talk,” said Chris Rupkey, chief financial economist at Bank of Tokyo- Mitsubishi UFJ Ltd. in New York. “The worst financial crisis since the Great Depression is still ongoing and foreign investors and central banks still have a safe haven demand for U.S. Treasuries.”
Including short-term securities such as stock swaps, foreigners sold a net $53.2 billion of U.S. financial assets, compared with net buying of $25 billion the previous month.
June 15th, 2009 at 12:55 pm
you could have left out the “yes like” what does that even mean? are you from the ‘valley’? learn English
June 15th, 2009 at 2:10 pm
HERE: Stream and Download ALL the best interviews and rants from the Alex Jones Show Archives:
http://alex-jones-archives.politicsfiles.info/
TODAY:
- We Live in A Matrix System Created by The Globalist
- Hit List on Doctors & AmeriCorps ‘Service’ Inspector General Fired by Obama?
- Daniel Sunjata:People Are Learning The Truth!
Backup your favorite episodes, don’t miss any!
June 15th, 2009 at 4:22 pm
The Federal Government went bankrupt in 1933.
June 15th, 2009 at 6:20 pm
the last two pairs of cheap shoes i bought from sprawl mart fell apart within two weeks does anyone in america make shoes im getting sick and tired of this jap china junk does converse still make shoes and where can i buy them
June 15th, 2009 at 6:22 pm
china and japan know the usa government are useless ,lying back stabbing ,criminals dont they
June 15th, 2009 at 6:55 pm
The Government went Bankrupt in 1933, true… now, we have went bankrupt, again, with other countries money.
America was a debtors prison, before it became the USA. It’s evidently in the blood of the American people to be bad with money, and all foreign nations should keep that in mind, before lending us a dime.
June 15th, 2009 at 9:04 pm
When the Country Goes Bankrupt: A Logical Plan of Reorganization
As foreign central banks reduce their reserves of U.S. securities, U.S. bonds will be coming back to U.S. shores whether we like it or not. The question for the U.S. government is simply who will take up the slack when the creditors quit rolling over U.S. debt. Again, when the Fed and commercial banks step in and buy U.S. securities with dollars created with bookkeeping entries, the result is highly inflationary. This result could be avoided by letting the government buy back its own bonds and taking them out of circulation.
In 1933, Franklin Roosevelt pronounced the country officially bankrupt, exercised his special emergency powers and, with a wave of the royal Presidential fiat, ordered the promise to pay in gold removed from the dollar bill. The dollar was instantly transformed from a promise to pay in legal tender into legal tender itself. Seventy years later, Congress could again acknowledge that the country was officially bankrupt, propose a plan of reorganization, and turn its debts into “legal tender.” Alexander Hamilton showed two centuries ago that Congress could dispose of the federal debt by “monetizing” it, but Congress made the mistake of delegating that function to a private banking system. Congress needs to rectify its error and monetize the debt itself, by buying back its own bonds with newly-issued U.S. Notes.
http://www.webofdebt.com/artic.....crisis.php
June 15th, 2009 at 9:10 pm
“In the twenty years before the founding of the [Federal Reserve] System there were 1748 bank suspensions; in the twenty years after it ended the anarchy of unstable private banking, there were 15,502.”Money: Whence It Came, Where It Went,” by John Kenneth Galbraith (p144)
“The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole…
Their secret is that they have annexed from governments, monarchies, and republics the power to create the world’s money…” .- Prof. Carroll Quigley, renowned, late Georgetown macro-historian (mentioned by former President Clinton in his first nomination acceptance speech), author of “Tragedy & Hope: A History of the World in Our Time.”
http://www.theMoneyMasters.com
June 15th, 2009 at 9:50 pm
THE ULTIMATE MEGA CRASH IS IMMINENT…..GET READY SHEEPLE—GET ALL MONEY OUT FROM ALL BANKS-CREDIT UNIONS-401s…
June 17th, 2009 at 3:32 am
Do we not see a connection between the men seized with billions of dollars in our bonds. a country and or countries including us is the only way billions in bonds could be laundering around countries. Fake bonds or not it is a bad situation