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Russia to Lower U.S. Debt Holdings

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posted on Jun, 19 2011 @ 05:59 PM
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Russia will likely continue lowering its U.S. debt holdings as Washington struggles to contain a budget deficit and bolster a tepid economic recovery, a top aide to President Dmitry Medvedev said Saturday.

"The share of our portfolio in U.S. instruments has gone down and probably will go down further," said Arkady Dvorkovich, chief economic aide to the president, told Dow Jones in an interview on the sidelines of the St. Petersburg International Economic Forum.

Russian holdings of U.S. Treasury securities fell to $125.4 billion in April 2011 from $176.3 billion in October 2010, Treasury Department data showed.

Asked if U.S. debt was as solid an investment now as it was 10 years ago, Mr. Dvorkovich said: "On an absolute basis, yes. On a relative basis, compared to other investments, of course not."

"When we take decisions and compare, we're not thinking in absolute terms," he said.

Russia's financial reserves—which stood at $528 billion as of June 10—are the world's third largest, after China and Japan's. As of May, according to Russia's central bank, 47% of reserves were in dollars and 41% in euros, compared with 45.2% in dollars and 43.1% in euros on Jan. 1.

The central bank recently diversified the stash to include the Canadian dollar, which makes up 1% of the total, and plans to put 0.8% into the Australian dollar starting in September.


Russia to Lower U.S. Debt Holdings

No alarm bells or anything but interesting news to add to GF. The move could signal further diversification by Russia and other countries, and maybe indicates increased risk and a move away from risk to more secure investments. Russia may well be taking advanced action long before any crisis does hit, should a crisis eventuate, knowing that once it does it would likely be a little late. Russia have also defaulted in the past as I understand, so they may have some insight into signals that precede a default and hence their preemptive move here.




posted on Jun, 19 2011 @ 06:07 PM
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Or maybe the dollar has lost and continues to lose value. Since it is worth less, not to say worthless(yet) they may be bailing out before it is too late.



posted on Jun, 19 2011 @ 06:18 PM
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Perhaps this was the plan from the start.

Owe so much debt that the dollar is worthless, so all the debt that we owe becomes just as worthless.

Or is this not how the debt system works? Seems like it's something akin to the stock market.



posted on Jun, 19 2011 @ 06:18 PM
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I hear this a lot about China buying less or reducing their holdings as well.

But if the dollar were to fail, what other currency could replace it?

Furthermore, a worthless or failing dollar would no doubt hurt other currencies as we are the ones who buy the most junk.



posted on Jun, 19 2011 @ 06:42 PM
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Originally posted by jam321

I hear this a lot about China buying less or reducing their holdings as well.

But if the dollar were to fail, what other currency could replace it?

Furthermore, a worthless or failing dollar would no doubt hurt other currencies as we are the ones who buy the most junk.


Bitcoins?


Euro?...

probably the Ausssie Dollar



posted on Jun, 19 2011 @ 06:45 PM
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Originally posted by guessing

Originally posted by jam321

I hear this a lot about China buying less or reducing their holdings as well.

But if the dollar were to fail, what other currency could replace it?

Furthermore, a worthless or failing dollar would no doubt hurt other currencies as we are the ones who buy the most junk.


Bitcoins?


Euro?...

probably the Ausssie Dollar
Nah, the Amero. That is what much of this is about. The runaway deficits, the "terror attacks", unchecked illegals invading the US. It is about the NAU and the Amero. At least to begin with.



posted on Jun, 19 2011 @ 06:52 PM
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What this essentially means is, Russia is getting the hell out of dodge. Nobody wants to be holding a bomb when it goes off, and they're smart enough to realise, like China, that its been lit and the strings burning fast.

The debt they hold has value now. If the dollar goes bust, Russia's assets evaporate. They want to sell it while it's worth something.



posted on Jun, 19 2011 @ 06:57 PM
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Someone mention Australian dollar?


THE Russian Central Bank will pour up nearly five billion dollars into the Australian currency in a fresh wave of support, as Russia moves to diversify its reserves and shift away from the US dollar.

The first deputy chairman of the Russian central bank, Alexei Ulyukayev, said that starting from September, the bank would hold Australian dollars for up to 1 per cent of its $498 billion in reserves, The Australian reports....

A top economic aide to President Dmitry Medvedev, Arkady Dvorkovich, said Russia would continue to lower its US debt holdings. Its stock of US Treasuries has already gone down from $US176 billion last October to $US125 billion in April.

The comments by Russian officials come as Australian economists report increasing interest in the Australian currency by other central banks and sovereign wealth funds, amid uncertainty about the economic outlook in the US and Europe.



Russia chases the Australian dollar as its central bank secures 1 pc of reserves
edit on 19-6-2011 by surrealist because: Added information



posted on Jun, 19 2011 @ 06:57 PM
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reply to post by guessing
 


I just raised the question because of an article I read.

THE IMPLICATIONS AND
REPERCUSSIONS OF CHINA’S
HOLDINGS OF U.S. DEBT

www.uscc.gov...

A good read IMO.

As for the Amero, I personally don't believe such currency exist but do believe something is in the water. There is a reason Hillary and Obama are visiting Latin America so much.


The size of the Latin American economy and its young demographics are especially important for the United States, because our economy is tied much more closely to the economies of our neighbors than to those across the oceans. Forty-three percent of all of our exports stay in the Western Hemisphere. We export more than three times as much to Latin America than we do to China. And I want to repeat that, because I don’t think there are very many Americans who understand or know that. We export more than three times as much to Latin America than we do to China. We export more to Latin America than to Europe, and more to Chile or Colombia than to Russia. North America is the largest free trade area in the world.


Hillary's Press Release



posted on Jun, 19 2011 @ 08:53 PM
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Why does everyone seem to believe the dollar will be replaced so easily? More than likely the North American Union will be coming together real soon. I came across a youtube video a while back that pointed out the Federal Reserve is allready printing North American Union currency.




US Federal Reserve’s United Federation of North America Note Ready For Circulation. Posted by Real News Reporter on April 29th, 2011 Presscore.ca The United States Federal Reserve bankers are already prepared for a hostile merger of Canada with the United States with the aid of Stephen Harper. The same bankers who orchestrated the United States Wall Street swindle ($12.5 trillion bailout the Federal Reserve bankers swindled from the American taxpayers - as of December 1, 2010) are banking on Stephen Harper winning a majority on May 2, 2011. They are laying in wait until Harper wins a majority and dissolves Canada, the Canadian flag and the Canadian Dollar. The Federal Reserve’s North American Union Note has already been printed to replace the US Federal Reserve Note, the Canadian Dollar and the Mexican Pesco. Why is the Federal Reserve printing North American Union Notes? The United States is financially bankrupt – thanks entirely to the Federal Reserve Bankers. The Federal Reserve Bankers orchestrated the largest swindle in the history of the United States, and the World, by fraudulently declaring loses of $billions. These bankers fraudulently declared that their banks would fail unless the US government paid them $trillions in bailout money. Both George W Bush and Barack Obama were willing conspirators in the massive swindle of over $12.5 trillion from the American taxpayers. Because Bush and Obama handed over $trillions to the federal Reserve bankers the United States has no money to finance its social programs, its health care system, the American peoples’ pensions, its military, its government and all of its financial obligations. The Japan earthquake and tsunami added to the US economic woes as the second largest holder of US debt can no longer support the US economy. Japan is itself faced with the massive financial burden of rebuilding and can no longer afford to buy the US debt. China can clearly see that the U.S. financial system is effectively insolvent and is now starting to dump the worthless US federal Reserve Note. The Federal Reserve bankers have been working for years to destroy the United States as we know it. Their goal is to bankrupt the United States. By bankrupting the US the US government will be forced to dissolve the United States Constitution and the Bill of Rights in favor of a North American Union with Canada and Mexico. As the United States is the largest forced trading partner (NAFTA forcibly took control of the Canadian commerce) with Canada the Federal Reserve bankers has been preparing and is ready to force Canada into merging with the US to form a North American Union – one controlled by the Federal Reserve bankers.




i believe this will lead to the one world currency, then in the end game it will abolish all forms of current currency and go with the credit system. Which would include the RFID chip being installed in the general population for exchanges. Why do you think they are making silver and gold trading illegal they are very aware that there is a percentage of the population they designate as "survivalist"



posted on Jun, 19 2011 @ 09:05 PM
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Also it states in the article that when the North American Union comes into play it means to destruction of the constitution this has been their goal from the start. everything we are seeing now with the para-military police doing as they please are just to dumb us down till we have no constitution



posted on Jun, 20 2011 @ 04:34 AM
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reply to post by MachiventaMelchizedek
 


There are already state licenses and IDs that are labeling the NAU on the cards. Scary. It's already begun!



posted on Jun, 20 2011 @ 04:48 AM
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From what I have read fund managers advise investing for first half of the year in Western markets and as QE2 comes to an end move into Eastern markets until QE3... and I suspect nations are playing the exact same money game..
edit on 20/6/11 by thoughtsfull because: (no reason given)



posted on Jun, 20 2011 @ 10:45 PM
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Trades Reveal China Diversifying Away from Dollar

Though according to the article China is not reducing its existing holdings, but they obviously perceive better returns on investment elsewhere. Or they perceived icreased risk but then, investing in Europe II would of thought would be far more risky. Maybe Chiina just has an appetite for risk, or maybe they see something much of thw world do not.



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