China’s flight from Treasuries could unleash a Category 5 economic hurricane. According to Peter Schiff, America will soon enter the darkest period in its 240-year history.
Bottom line: There will never be any peace on earth-goodwill toward men as long as the idea of a central bank continues to exist. — jtl, 419
BUSINESS WIRES By Wall Street Daily
America just received a disturbing reminder.
The reminder? China controls the United States’ fate as a solvent and functioning country.
Without China’s ongoing commitment to Treasuries, the U.S. federal government couldn’t service its debt.
Imagine not having police or fire rescue on duty? Or your local bank being set ablaze during the ensuing Armageddon.
According to bestselling author Peter Schiff, America will soon face the darkest period in its 240-year history, and China could spark the crisis.
“This is an important trend that people are overlooking,” said Schiff in a recent interview with Wall Street Daily. “If China isn’t there to loan us money, where’s the funding going to come from?”
Schiff is renowned for being the most accurate forecaster of the 2008 Financial Crisis.
But now he’s warning that China’s Treasury dump could trigger a system-wide federal collapse.
China Bleeds its Secret Account…
China’s unmatched appetite for Treasuries keeps America’s debt bomb from exploding.
The release of the latest Treasury International Capital data – containing all U.S. capital inflows and outflows for purchases and sales of U.S. securities – offered brand-new evidence that China’s Treasury dump is even bigger than first suspected.
The data shows that U.S. Treasury holdings in Belgium, which China uses as secret proxy for its international trades, plummeted $21.9 billion at the end of 2015.
“Belgian holdings have been a point of focus due to extreme volatility,” says Jeffries economist, Thomas Simons. “This is significant because it is widely speculated that China executes trades with Treasuries held in custody in Belgium.”
When you combine the Treasury sales from mainland China with outflows in Belgium, a disturbing pattern emerges. That is, China’s Treasury dump reached $40.3 billion in December alone.
China continued unloading Treasuries in January, too – disposing of $8.2 billion in U.S. debt.
Worse yet, Norway, Mexico, Canada, and Colombia all joined the fray – blasting January Treasury sales to $57.2 billion.
That’s the biggest monthly purge of U.S. Treasuries since 1978.
And Peter Schiff expects this trend to continue throughout the year.
“This wave is going to gather momentum and go around the world,” says Schiff. “All of America’s creditors will stop lending us money.”
Peter Schiff explains why in this EXCLUSIVE INTERVIEW WITH WALL STREET DAILY.
MUST READ: CLAIM YOUR FREE COPY OF PETER SCHIFF’S BESTSELLER
America’s Last Safety Net is Dissolving
Peter Schiff is famous for throwing America a lifeline ahead of the Subprime Mortgage Meltdown.
His 2007 bestseller, Crash Proof, was eerily prophetic, detailing the housing collapse a full year before it happened.
Schiff even gave investors a golden parachute out of the crisis.
But in his latest book, The Real Crash, Schiff calls what happened in 2008 “the tremor before the earthquake.”
Is Schiff about to be proven correct yet again?
Many of his preliminary warnings are beginning to materialize.
The endgame, according to Schiff, is a federal bankruptcy, riots, and looting – all leading to America’s next Great Depression.
To view Schiff’s full warning to America, CLICK HERE NOW.
Peter Schiff just released a brand-new Gold Jacket edition of The Real Crash. In this special edition – newly updated for 2016 – Schiff details the coming collapse. He also reveals a blueprint for Americans to survive the impending crisis. To help you prepare, Wall Street Daily is giving away FREE copies of Schiff’s Gold Jacket edition. Supplies are limited, however. TO CLAIM YOUR COPY NOW, CLICK HERE.
The Essence of Liberty Volume I: Liberty and History chronicles the rise and fall of the noble experiment with constitutionally limited government. It features the ideas and opinions of some of the world’s foremost contemporary constitutional scholars. This is history that you were not taught at the mandatory government propaganda camps otherwise known as “public schools.” You will gain a clear understanding of how America’s decline and decay is really nothing new and how it began almost immediately with the constitution. Available in both paperback and Kindle versions.
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