Tag: US Treasuries
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BRICS Countries China, Brazil, and Saudi Arabia Dropped $17,400,000,000 in US Treasuries in a Single Month
China, Brazil, and Saudi Arabia, the original members of the BRICS, are covertly selling their holdings in US Treasury securities. According to recent data from the U.S. Treasury Department, China’s ownership of Treasury securities decreased by $13.6 billion from $835.4 billion at the beginning of July to $821.8 billion at the last day of the…