Could somebody please translate this article into English? thanks. :
From a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011
Until October 2010 , the Chinese were generally making up for their decreasing holdings in Treasury bills by increasing their holdings of longer-term U.S. Treasury securities.
Thus, until October 2010, China’s overall holdings of U.S. debt continued to increase.
At the end of March 2011, by which time the Chinese had dropped their Treasury bill holdings 97 percent from their peak of May 2009, the publicly marketable segment of the U.S. national debt had almost doubled from August 2008, hitting $9.11 trillion
Before the end of March 2012, the Treasury must redeem all of the $1.7 trillion in Treasury bills that were extant as of March 2011 and find new or old buyers who will continue to invest in U.S. debt. But, for now, the Chinese at least do not appear to be bullish customers of short-term U.S. debt.
As of the close of business on Thursday June2, 2011, the total U.S. debt was $14.34 trillion, according to the Daily Treasury Statement. Of that, approximately $9.74 trillion was debt held by the public and approximately $4.61 trillion was “intragovernmental” debt.
where is the jobs and wealth they create gone? ask them bankers and ruling elite.
end the Fed.
China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills | CNSnews.com