This site is made in honor of my Lord and Savior Jesus Christ who gave His life for me and whose blood has covered over my transgressions and thus reconciled me with the Father to whom forever be the glory!

This site contains pictures, videos, commentary, links, posts, writings,etc. meant to in one way or another, directly or indirectly lift up the Name, the ONLY name, under heaven, given to men, by which we must be saved, Jesus Christ.

The postings on this site are meant to provide the believer with uplifting testimony from the Spirit. If you are a believer and feel there is anything which may be perceived as detrimental to the cause and/or advancement of the Gospel, please let me know.

My personal writings are meant to inspire, instruct, and instill a grateful spirit, for I believe it is only right to give thanks to the One responsible for all things and to stay in constant contact with Him.

In addition, this site will in many ways help us to stay awake, as we await THE DAY! It is my firm belief that it is our generation that will come to see the events foretold and pre-ordained before the foundation of the earth spoken of through the prophets and to John, the beloved apostle who "testifies to everything he saw—that is, the word of God and the testimony of Jesus Christ" and whose unveiling declares that "Blessed is the one who reads the words of this prophecy, and blessed are those who hear it and take to heart what is written in it, because the time is near."

Like always, LET US REJOICE IN THE LORD, as we "await in eager expectation for the sons of God to be revealed."

AMEN.

Saturday, June 22, 2019

Current Events-China

https://schiffgold.com/key-gold-news/china-dump-more-us-treasurys/

China dumped more US Treasurys in April, selling off another $7.5 billion in US debt, according to the latest US Treasury Department data.  This follows on the heels of the biggest US Treasury selloff by the Chinese in nearly 2 1/2 years in March.

Over the last two months alone, the Chinese have dumped some $17.5 billion in US debt.
After a four-month pause, the big March sell-off resumed a trend of Chinese Treasury divestment we saw in 2018. Over the last 12 months, the Chinese have shed $69 billion of its Treasury securities.
China currently holds around $1.11 trillion in US bonds. The peak was $1.25 trillion in February 2016. The country remains the biggest US creditor. Even a long-term pause in Chinese bond purchases could become problematic for the US as it dumps billions of dollars of additional Treasurys on the market in order to fund ballooning deficits.
Last month, the federal budget deficit came in at $208 billion, according to Treasury Department data. It was the largest May deficit in history. The US government has to sell bonds to fund the deficits. If its biggest buyer continues as a seller, it could create significant problems for the Treasury Department in the near future.
There has even been talk that the Chinese could turn to a “nuclear option” in its trade war with the United States and aggressively sell off its holdings of Treasurys. This would raise borrowing costs for the cash-strapped US government and likely tank the dollar. The Chinese can’t out-tariff Trump. The US imports far more products than the Chinese. But that $1.11 trillion in Treasury holdings gives the Chinese significant leverage.
Most analysts believe it is highly unlikely that the Chinese would resort to the nuclear option because it would also potentially cripple their economy as well. But an editor for the Global Times, a Chinese state-owned newspaper, verbalized the threat in a tweet last month, saying “Many Chinese scholars are discussing the possibility of dumping US Treasuries and how to do it specifically.”
Even as the Chinese are shedding US Treasurys, they are buying gold. China added gold to its reserves for the sixth straight month in May and appears to be accelerating its rate of purchases.
This is all part of a broader Chinese strategy to minimize its exposure to the US dollar, and perhaps even to undermine the greenback’s status as the reserve currency. The Chinese have become more vocal about the need to create alternative payment systems globally that do not rely on the dollar. In an op-ed published this week, a Chinese state-owned newspaper called on the international community to find alternatives to the global dollar system and warned “capricious actions” by the United States government could “ruin the future of the dollar itself.”

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