CNSNews.com) - China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.
Glen Beck has consistently said that when the Chinese dumped their U. S. Treasury Securities we could start the countdown to our total financial collapse.
Problem right now is that Beck is so emotionally trussed up with Israel's endless problems with their neighbors that he's not watching any more, so has the clock started, or not?
Do they have other securities, like long-term ones? Enough so that this 97% dump of short-term ones is not the real trigger?
Curious, I am.