Saturday, November 19, 2011

Poof it's gone!


September 2011: Beginning of the loss of confidence by foreign central banks with respect to US Treasury. Trends in foreign central bank transactions concerning US Treasury and agency holdings (2000-2011.) In brown: monthly increases. Green line: above, central banks are buying; below, they are selling Treasury bonds - Source: CaseyResearch, 10/2011.

Read more: Global systemic crisis: 30,000 billion US dollars in ghost assets will disappear by early 2013 / The crisis enters a phase of widespread discounting of Western public debt

Here You Go: It's Over