What country just sold $100 bil in US Treasuries & why is Fed covering it up?
This is a little bit beyond my knowledge of finance, but selling off large quantities of our debt is a way other countries can weaken our economy and government, and make it harder for us to afford to continue to act like the world's owner.
China hasn't said much about our efforts to pry Ukraine from Russia, but it's hard to see what China would gain from an even more unchallenged US, and why they would want to throw some cold water on us.
Not that they are the ones who did this.
Another curious aspect of the sale and purchase laundered through Belgium is that the sale was not executed and cleared via the Feds own National Book-Entry System (NBES), which was designed to facilitate the sale and ownership transfer of securities for Fed custodial customers. Instead, The foreign owner(s) of the Treasuries removed them from the Federal Reserves custodial holdings and sold them through the Euroclear securities clearing system, which is based in Brussels, Belgium.
We do not know why or who. We know that there was a withdrawal, a sale, a drop in the Federal Reserves Securities held in Custody for Foreign Official and International Accounts, an inexplicable rise in Belgiums holdings, and then the bonds reappear in the Federal Reserves custodial accounts.
What are the reasons for this deception by the Federal Reserve?
http://www.counterpunch.org/2014/05/13/the-federal-reserve-and-an-unsustainable-empire/
FBaggins
(26,748 posts)More likely that Russia shifted some of their treasuries to a different country custodian
leftyohiolib
(5,917 posts)yurbud
(39,405 posts)what was going on, but not far enough up to get a piece of the action.
bvar22
(39,909 posts)and if you ain't in the .1%,
you don't need to know.
"Its a Big Club,
and you ain't in it."
--George Carlin
KoKo
(84,711 posts)"Big Money Player in OUR Loop" FUGEDABOUTIT!