Dollar Manipulation by China & Japan?

Centinel2012

The two largest foreign holders of the US debt, China and Japan, reduced their holdings of US government bonds in November compared to October. While many are trying to say see, they are dumping US bonds, China reduced its holdings by 1% or $ 12.6 billion to $ 1,176.6 trillion and Japan reduced its positions by $10 billion to $ 1,084 trillion. I seriously doubt that the foreign US bondholders slightly reducing their holdings in November by 0.1% to $ 6,343 trillion qualifies as “dumping” dollar debt. What is taking place is politically attempting to help lower the dollar to ease trade friction with Trump.

The advice I use to provide to Japan to help reduce the trade friction was to buy gold in New York and sell it in London. The trade numbers could care less about…

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About Brittius

Direct Descendant of, Roman General, and Consul of Rome, BRITTIUS, of the Imperial Roman Army.
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2 Responses to Dollar Manipulation by China & Japan?

  1. I have always maintained, do not trust all of the bowing that some of the Oriental used as a tradition.
    Let us not forget that you’re Japanese were putting their plan together to bomb Pearl Harbor while they were having peace talks with the United States. I hope that tells us something. Always have your eye on the hog in your finger on the trigger

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    • Brittius says:

      We had another saying and it wasn’t very flattering, but the article put me in mind of it.
      I have a few readers in the asian region and will not post a disparaging remark of decades ago.
      I get your drift.

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