China To Stop Buying US Treasuries?

thelightreports (64) in silver • 7 years ago (edited)

China announced today that it will either stop or significantly reduce buying US Treasuries- not good news for the US financial Ponzi scheme.

I would expect other asset classes, including silver and gold, to enjoy gains on this news.

Also if China indeed does halt the purchase of US Treasuries don't be surprised if the bond bubble finally bursts.

For those in the know this could be a very intentional move by the alliance to collapse the USD.

May be a good time to load up on PHYSICAL silver and gold- holding precious metal certificates is only as valuable as the issuers precious metal stockpile which most of us also realize is far less than certificates issued.

If you have no silver or gold I strongly recommend 'junk' silver as your first precious metal purchase. Junk silver is US dimes and quarters (90% silver) minted prior to 1965. The reason I think it's best to have junk silver is in the event of a currency collapse you don't want to give someone a 1 ounce silver coin or bar for a loaf of bread- silver dimes and quarters could much more easily act as currency than could larger coins/bars/ or even gold.

https://www.bloomberg.com/news/articles/2018-01-10/china-officials-are-said-to-view-treasuries-as-less-attractive

silver treasuries rv bonds bondmarket

7 years ago by thelightreports (64)

$1.52

13 votes

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stimialiti (60) · 7 years ago

Such a thread reminds me of why I followed you.
Exporters exaggerated since forever in storing their surplus in fiat cash reserves, which treasuries are one form of.
They would have been better hoarding certain commodities and stocks.
China enslaves its entire population just to gain more USD reserves which have always been devalued.
Saudia at least throws some crumbs to its population, but "The Royal Family" robs the coutry's natural resources wealth and had them in form of always devaluing USD reserves.
Is there any government not acting against the good of its subordinates?
I am not an Anarchist, but privatized democracy is a bad form of government.

$1.02

6 votes

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thelightreports (64) · 7 years ago (edited)

Thanks @stimialiti - very grateful- I always try to post meaningful informative content- unfortunately as of late I'm getting the FUCK STEEMIT feeling- if you're a pretty girl or some D bag posting pics of mushrooms or the latest crypto stats you can literally make a living on here- consistently post meaningful truths and if it weren't for upvoting my own posts, for the most part. they'd be under a dollar- with few exceptions even those I go out of my way to support ignore my stuff- shitty attitude? Yeah I got that right about now and ready to power down and bail the fuck out. Steemit is just a reflection of this cheap, superficial, self serving POS society we live in- just look at the trending posts getting hundreds in upvotes. Can't wait to see their foundations shaken when the truth is IN THEIR FACE AND NO LONGER IGNORABLE- rant over

$0.10

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stimialiti (60) · 7 years ago (edited)

All is true, and I am powering down myself, but I recommend to maintain an active presence here while doing the following:

Keep promoting your presences in other platforms like I see you do with your website and I hope you have a youtube channel too.
Do upvote yourself, but do it only after you gave as much time as you can to allow other people to upvote you.
This platform's shotcallers made self upvoting a necessity, and upvoting other people's post extremely unrewarding.
But At least allow 5 people to receive their minute curation rewards, while allowing you increased author rewards while they upvote you.
This way you may be found by some bot operator which may put you on his targets list.
For example I intend to have my comments here upvoted, but did not vote them before you did, because I wanted to at least let you receive curation rewards in case that you upvote me.
I will also upvote your replies to me, but I have other posts and comments I have to upvote first, and I do not want to upvote with too low power.
When I have too many pending threads, comments and replies, I even started to not upvote myself, but I do make sure I use a good bidbot for some of my own comments or threads.
Do convert your excess STEEM to another currency, and I have a question about it:
Do you know a currency which has both bounded amount like BTC, LTC, ZEC, XZC, BCH and is not Proof-Of-Work like these currencies?
Do not power down below 30 SP (I will do so myself, but I have very little SP), unless you need cash desperately you should have voting power surpassing fresh members', should have enough power to guarantee rewards on your posts (and there may be downvotes) and have enough bandwidth.

And I have another question:
Which exchanges do you recommend?
What about decentralized exchanges?
Do you use any?
If not, why?

$0.76

4 votes

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thelightreports (64) · 7 years ago

Thanks for the feedback- I practice most of what you suggested- I also try to go out of my way to uplift/support the little guys- sure wish more people focused on that as opposed to curation rewards when using their steem power.

I take my rewards 50/50 I then take the SBD and sell it via blocktrades and have blocktrades send the BTC to Poloniex where I then buy other cryptos- typically Siacoin that has done well for me. I'm not really sure if Polo is better than Bittrex- Although the difference between the price of Siacoin on Bittrex vs.Poloniex is significant. That may be due to a wallet issue that Bittrex is currently having with Siacoin which is creating an artificially low supply.

Not sure about any decentralized exchanges.