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Giordano BrunoNeithercorp Press
On August 23rd, 2009, we reported on a Chinese “People’s Daily” article which revealed that China had begun the process of dumping its long term U.S. Treasury bonds. 3.1% in a very short period of time. To the main stream educated wannabe economist, this may not seem like much, and the news may roll off his back. So, it is up to Neithercorp to educate them on why this recent dumping of treasuries is such a big deal.
First, it has been nine years since China has dropped so many U.S. bonds in such a short period of time, and interestingly, it was right around this time that the U.S. Dollar value began to plummet, with a short upwards spike in 2006, and then a continued drop until now...
