China Dumps $50 Billion in US Treasury Paper

[Goober]

It doesn't mean anything. US Treasury holdings by China has fluctuated over time. Plus, China needs liquidity given the problems in their financial markets.

Correct- They have enough internal financial problems as it is.

 

[BaalsTears]

...
Sad to watch the metamorphosis in real time

Boy is it ever. I think there have been similar times, e.g., the transition from the Roman Republic to the Roman Empire. But this is a bitter pill to swallow for those of us who grew up in the immediate aftermath of WWII. We knew the apogee, and are living the nadir.

History's repeating again, the same scam goes back to the dawn of banking. I imagine you're familiar with the way it works.

Yeah, unfortunately so. It's really disheartening. I find consolation in family, friends, ideas and detachment from Uncle Sam. If I hadn't detached my emotions from old Uncle Sam I would be very melancholy and much less charming than I am.

Can anyone explain why the Chinese would bring on a world wide depression by dumping US T Notes?
Thought so.

The Chinese, imo, hope they can tip toe out the door before the floor collapses. Hope springs eternal.

They are already headed that way. Check out the debt the cities and provinces hold for inflated real estate.
A couple of trillion dollars in manufacturing assets sitting idle.
Empty Cities built, rows (miles) of apartments empty, infrastructure not used.
Makes their Foreign Currency reserves pale by comparison.

The Chinese Communists have an army and will use it against their own people if necessary. What China has going for it is a cultural/ethnic unifying principle that acts as a centripetal force.