Dollar dumping in progress!

[benburch]

http://www.ustreas.gov/tic/mfh.txt



                                                              MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES
                                                                        (in billions of dollars)

                                                                     HOLDINGS 1/ AT END OF PERIOD

                                         2004     2004     2004     2004     2004      2004     2004     2004     2004     2004     2004      2004
COUNTRY                                   Dec      Nov      Oct     Sept      Aug      July     June      May    April      Mar      Feb       Jan

Japan                                   711.8    714.9    714.2    719.2    721.3     697.2    689.0    667.0    652.4    645.9    613.8     583.2
Mainland China                          193.8    191.1    186.7    180.4    172.6     167.4    165.2    164.4    162.5    157.3    153.7     156.2
United Kingdom                          163.7    152.5    135.6    129.4    129.4     124.9    121.1    114.8    115.5    100.8     94.8      91.8
Caribbean Banking Centers 2/             69.4     77.4     98.4    100.5     96.5      95.4    100.1     76.4     60.8     62.3     51.8      48.1
Korea                                    69.0     69.3     63.7     64.5     61.4      59.4     58.6     57.0     57.6     58.9     57.1      59.6
OPEC                                     59.8     60.6     59.7     55.0     49.3      54.6     51.5     45.6     44.9     43.0     41.1      43.4
Taiwan                                   58.8     58.1     57.6     57.5     56.4      57.7     58.0     57.3     56.8     54.9     55.8      53.1
Germany                                  53.6     55.9     52.5     51.3     48.5      49.1     47.9     49.9     50.2     45.9     46.0      47.5
Hong Kong                                52.7     50.0     50.9     50.6     50.4      51.5     53.4     53.4     53.4     51.8     53.8      54.8
Switzerland                              51.1     51.0     51.4     49.1     49.5      48.6     50.2     49.3     51.1     48.6     48.3      45.1
Canada                                   41.2     40.2     34.5     34.1     33.6      33.8     31.1     33.5     33.7     31.0     28.5      26.2
Mexico                                   40.3     41.0     40.7     41.6     43.5      42.2     45.9     36.5     30.6     28.9     28.4      27.5
Luxembourg                               29.0     28.0     27.9     27.2     27.2      27.1     27.2     25.6     26.3     27.8     27.7      26.1
Singapore                                28.0     28.1     26.1     23.8     28.9      26.0     27.0     26.2     27.1     26.7     25.8      23.2
Ireland                                  21.7     22.5     20.7     20.1     21.1      20.3     17.9     19.7     14.9     14.6     16.0      14.8
Belgium                                  16.7     16.5     15.7     15.6     15.5      15.7     16.1     13.6     13.2     12.8     12.6      14.6
Thailand                                 15.0     15.4     14.6     13.6     14.7      13.8     11.4     10.9     10.7     11.9     15.3      13.5
Israel                                   14.7     14.3     11.7     13.6     12.3      13.8     18.1     18.0     15.5     16.4     14.1      10.5
Italy                                    14.6     14.7     14.1     14.4     14.3      15.2     15.5     15.6     15.3     14.6     13.0      14.7
Brazil                                   13.4     13.6     13.9     14.6     15.1      15.0     12.1     12.1     12.2     13.1     11.3      10.7
India                                    12.9     13.5     13.9     12.8     14.2      15.2     16.1     16.1     16.2     13.8     13.5      15.7
Sweden                                   12.8     11.8     11.5     10.5     10.3       9.6      9.9     11.3      9.7     10.3     10.5       9.6
Turkey                                   11.9     14.4     16.0     16.8     16.4      15.0     15.0     15.7     16.3     14.9     14.2      14.5
Spain                                    11.8     11.8      8.9      9.6      9.0      10.1     10.4     10.0     11.0      9.3      9.6      10.8
Australia                                10.5      8.8      7.1      6.7      7.0       7.8      7.3      7.5      7.6     10.2     12.7      10.8
Netherlands                               9.7      8.2      8.5      9.8      7.1      14.4     14.4     13.4     15.2     12.2     12.4      13.2
France                                    8.0      7.5      7.8     10.1     10.1      11.8     11.1     11.0     12.2     16.4     12.2      16.0
All Other                               139.9    142.3    136.0    126.7    120.3     125.3    119.7    116.5    122.4    119.4    116.6     115.7
Grand Totals                           1935.8   1933.4   1900.3   1879.1   1855.9    1837.9   1821.2   1748.3   1715.3   1673.7   1610.6    1570.9

Of which official                      1172.9   1176.8   1159.8   1144.1   1127.5    1109.6   1101.5   1068.7   1051.4   1034.9    994.8     967.3
 Bills                                  244.6    255.4    259.5    259.5    253.7     251.3    248.9    232.9    224.8    231.6    225.6     214.5
 Bonds and notes                        928.4    921.4    900.3    884.7    873.8     858.3    852.6    835.8    826.6    803.3    769.2     752.8

Department of the Treasury/Federal Reserve Board
February 15, 2005
1/   Estimated foreign holdings of U.S. Treasury marketable and nonmarketable bills, bonds and notes
      are based on Treasury Foreign Portfolio Investment Survey benchmarks and on monthly data
      reported under the Treasury International Capital (TIC) reporting system.
2/    Includes Bahamas, Bermuda, Cayman Islands, Netherlands Antilles, and Panama.



We are SO SCREWED.

[DireStrike]

1. Um, looking at the "totals" column, and the major holders,

It shows that they are holding more dollars than a year ago...

[benburch]

5. Damned cold meds.

I read the whole thing backwards.

Never mind.

[w13rd0]

2. you sure...

...not from data above. the columns go from near to far (reverse). is that in error? if not, seems to indicate purchase of a great deal of bonds by Japan and UK.

[Extend a Hand]

3. this worries me too!

Bill Gates and Warren Buffet have both said publicly that they are shorting the dollar.

This, I thought, was an interesting article on the subject
by Peter Schiff.

http://news.goldseek.com/EuroCapital/1107889585.php

[linazelle]

4. Did you notice that the totals show MORE dollars and notes

now than last year?? What's your point? :shrug:

[lonestarnot]

6. Yikes! This getting freaky! n/t

[cliss]

7. This is very interesting.

If you go down to the bottom of the chart, and look at the word "Bills". This means cash holdings, or M1 or M2. You can see very clearly that cash holdings have gone down. In November, it was 255.4. In December, it was 244.6.

Bonds, on the other hand, have gone up slightly. Which shouldn't surprise us, because the interest rate is expected to go up.

So it looks like you were correct.

And thanks for posting. This is why I keep coming back. Cuz lo and behold, I learn sumthin I didn't know.:smoke:

[linazelle]

10. One month in a 12-month period is not significant--there's a

net increase in cash over the past year.

[Spazito]

8. Looks who's not listed, Saudi Arabia

yet they list OPEC, why would they do that? They don't list European Union, they list the individual countries, yet no Saudi Arabia. Very interesting. Isn't OPEC a consortium of oil countries controling oil and not a designation of those countries as, say, European Union?

[cliss]

9. There's something fishy here.

Thanks for posting. I went back to the chart & found no Saudi Arabia. Also, notice the figure for OPEC. It's only 59 billion. And for Korea, it's BIGGER.

Consider all of our petrodollars, being held by OPEC. We currently burn through 9 million barrels of oil per day. And Korea supposedly is holding 69 billion, 10 billion MORE THAN OPEC? No way in hell is that true.

Someone's lying. Or hiding figures. It's not the first time I've noticed this. I've suspected for a long time that Elaine Chao at the Labor Department was lying about the unemployment figures.

[idlisambar]

11. No dumping yet

...but notice there is a deceleration in the increase of holdings in from November to December. Certainly related to the weakening dollar during that period. This is something to monitor.