Look Inside My Book!: http://bit.ly/1bglsJX ******************************************************************** My Free eBooks: FLUORIDE: http://bit.ly/1bglqSf GMO: http://bit.ly/1c04ri8 VACCINES: http://bit.ly/1bglt0c Join The Money GPS Insiders: http://bit.ly/1bglt0d Tools You NEED to Prepare for the COLLAPSE: http://bit.ly/1c04rid ******************************************************************** Sources: China has cut its holdings of U.S. Treasuries this month to raise dollars needed to support the yuan in the wake of a shock devaluation two weeks ago, according to people familiar with the matter. Channels for such transactions include China selling directly, as well as through agents in Belgium and Switzerland, said one of the people, who declined to be identified as the information isn’t public. China has communicated with U.S. authorities about the sales, said another person. They didn’t reveal the size of the disposals. The People’s Bank of China has been offloading dollars and buying yuan to support the exchange rate, a policy that’s contributed to a $315 billion drop in its foreign-exchange reserves over the last 12 months. The $3.65 trillion stockpile will fall by some $40 billion a month in the remainder of 2015 because of the intervention, according to the median estimate in a Bloomberg survey. http://bloom.bg/1hi5tPh
8/27/15
Currency War Escalates as China Sells Billions of U.S. Debt!
Look Inside My Book!: http://bit.ly/1bglsJX ******************************************************************** My Free eBooks: FLUORIDE: http://bit.ly/1bglqSf GMO: http://bit.ly/1c04ri8 VACCINES: http://bit.ly/1bglt0c Join The Money GPS Insiders: http://bit.ly/1bglt0d Tools You NEED to Prepare for the COLLAPSE: http://bit.ly/1c04rid ******************************************************************** Sources: China has cut its holdings of U.S. Treasuries this month to raise dollars needed to support the yuan in the wake of a shock devaluation two weeks ago, according to people familiar with the matter. Channels for such transactions include China selling directly, as well as through agents in Belgium and Switzerland, said one of the people, who declined to be identified as the information isn’t public. China has communicated with U.S. authorities about the sales, said another person. They didn’t reveal the size of the disposals. The People’s Bank of China has been offloading dollars and buying yuan to support the exchange rate, a policy that’s contributed to a $315 billion drop in its foreign-exchange reserves over the last 12 months. The $3.65 trillion stockpile will fall by some $40 billion a month in the remainder of 2015 because of the intervention, according to the median estimate in a Bloomberg survey. http://bloom.bg/1hi5tPh
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