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Brazil, Russia, India and China, sometimes lumped together as BRIC to represent fast-growing developing economies, are selling off their U.S. Treasury Bond holdings. Russia announced earlier this month it will sell U.S. Treasury Bonds, while China and Brazil have announced plans to cut the amount of U.S. Treasury Bonds in their foreign currency reserves and buy bonds issued by the International Monetary Fund instead.
Originally posted by MR BOB
kI think this has something to do with those chinese guys smuggling billions worth of bonds through Italy to swizerland.
Originally posted by lpowell0627
Couldn't a country buy them (such as China) and consider them a loss and then tank the US dollar in the process?