Did The E.U. Get Bribed To Bail Out The U.S.?

I sincerely think our collective jaws would drop through the floor if the criminality existing at the highest levels of finance and politics was exposed.

Hundreds of trillions of dollars are in play, and (connecting it with the story below) if you think the lives of a few hundred financial employees are worth more to the guys at the top than that amount of money and power… well…

Zero Hedge again: “China Sold Second-Largest Amount Ever Of US Treasurys In December: And Guess Who Comes To The Rescue.”

While we will have more to say about the disastrous December TIC data shortly, which was released early today, and which showed a dramatic plunge in foreign purchases of US securities in December – the month when the S&P soared to all time highs and when everyone was panicking about the 3% barrier in the 10 Year being breached and resulting in a selloff in Tsy paper – one thing stands out. The chart below shows holdings of Chinese Treasurys (pending revision of course, as the Treasury department is quite fond of ajdusting this data series with annual regularity): in a nutshell, Chinese Treasury holdings plunged by the most in two years, after China offloaded some $48 billion in paper, bringing its total to only $1268.9 billion, down from $1316.7 billion, and back to a level last seen in March 2013! 

[…]

Yet what was truly surprising is that despite the plunge in Chinese holdings, and Japanese holdings which also dropped by $4 billion in December, is that total foreign holdings of US Treasurys increased in December, from $5716.9 billion to 5794.9 billion.

Why? Because of this country. […]

That’s right: at a time when America’s two largest foreign creditors, China and Japan, went on a buyers strike, the entity that came to the US rescue was Belgium, which as most know is simply another name for… Europe: the continent that has just a modest amount of its own excess debt to worry about. One wonders what favors were (and are) being exchanged behind the scenes in order to preserve the semblance that “all is well”?

Yep, time to hit Sam’s Club for another pallet of tinfoil.