China begins dumping U.S. Treasury...

China begins dumping U.S. Treasury Bonds!

http://www.turnerradionetwork.com/index.php?option=com_content&view=article&id=51:-china-begins-dumping-us-treasury-bonds&catid=1:latest-news&Itemid=50


Beijing, China (TRN) -- A decision by China to reduce its US Treasury holdings suggests concern about the US attitude towards its economic woes, Chinese economists were quoted as saying in state media Wednesday.

The remarks, coming after US data showed a decline in Chinese investments in US government bonds, were in contrast to an earlier statement in Beijing which had said the recent sell-off was a routine transaction.

The simple truth of the matter is that the Chinese see the writing on the wall and understand that the U.S. Dollar is already in a death spiral. The U.S. Government has overspent the entire nation into financial oblivion and is now printing cash to continue wrecking the country.

China has decided they don't want to be left holding a slew of worthless cash and useless Treasury notes, so they've started dumping. This action by China will soon be replicated by other foreign nations and the USA as we know it, will utterly collapse financially.