China and Japan dump FPSA Treasuries!

Dollar crash imminent.

NEW YORK (PNN) - October 17, 2018 - The two main holders of Fascist Police States of Amerika Treasuries, the countries of China and Japan, have dumped the dollar. Both nations dramatically cut their ownership of notes and bonds in August, according to the latest figures from the FPSA Treasury Department.

It appears that a dollar crash could be imminent, as no one wants to buy Amerikan debt anymore. Earlier this week, Goldman Sachs said that the FPSA’S policy of sanctions and tariffs against major economies, including Russia, China, and Iran, have dragged down the dollar’s share of global central-bank reserves. Meanwhile, data from the International Monetary Fund confirm that the FPSA dollar’s share in the global central-bank reserves dropped to 62.3% from April to June. Furthermore, holdings in the euro, yen, and yuan gained as a share of allocated reserves.

China’s holdings of FPS sovereign debt dropped to $1.165 trillion in August, from $1.171 trillion in July, marking the third consecutive month of declines. China, the world’s second-largest economy, has been bolstering its national currency amid an ongoing trade war with the FPSA. China still remains the biggest foreign holder of FPSA Treasuries, however, followed by long-time FPSA ally Japan. That could all change though, should the countries continue to dump the dollar.

Tokyo also cut its holdings of FPSA securities to $1.029 trillion in August, the lowest since October 2011. In July, Japan’s holdings were at $1.035 trillion. According to the latest figures from the country’s Ministry of Finance, Japanese investors opted to buy British debt in August, selling FPSA and German bonds. Japan reportedly liquidated a net $5.6 billion worth of debt.

Liquidating FPSA Treasuries, one of the world’s most actively-traded financial assets, has recently become a trend among major holders. Russia dumped 84% of its holdings this year, with its remaining holdings as of June totaling just $14.9 billion. With relations between Moscow and Washington at their lowest point in decades, the Central Bank of Russia explained the decision was based on financial, economic and geopolitical risks.

Iran has also said the dollar has no place in its transactions, while Turkey and India have followed Russia’s footsteps. Turkey has dropped out of the top-30 list of holders of Amerikan debt following a conflict with Washington over the attempted military coup in the country two years ago. While India remains among the top-30, the country has cut its FPSA Treasury holdings for the fifth consecutive month, from $157 billion in March to $140 billion in August.