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Albert Sung is the author of the Katchum Macro-Economic Blog, monitoring breaking economic news from a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at... More
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  • Belgium Buys U.S. Treasuries That Nobody Wants 9 comments
    Feb 20, 2014 3:19 AM

    As a Belgian I cannot believe what our government is doing. China sold $48 billion in U.S. bonds, while Belgium bought $56 billion in U.S. bonds. That means China sold their U.S. treasuries to Belgium and Belgium bought even a bit more of it.

    And it isn't only the month of December 2013. Belgium kept buying the whole year of 2013 and is now the fourth largest U.S. bond holder with $257 billion in U.S. bonds. For such a small country of $500 billion in annual GDP.

    I can't imagine what will happen if the U.S. bond market collapses. Belgium will collapse too.

    U.S. bond holders

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Comments (9)
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  • dieuwer
    , contributor
    Comments (2931) | Send Message
     
    Are you sure it is "Belgium" that bought the bonds, not some sort of agent located in Belgium?
    20 Feb 2014, 09:10 AM Reply Like
  • Katchum
    , contributor
    Comments (605) | Send Message
     
    Author’s reply » What do you mean by agent? I don't have knowledge about these things. Maybe you can elaborate about this, which is very appreciated.
    20 Feb 2014, 11:27 AM Reply Like
  • jr32
    , contributor
    Comment (1) | Send Message
     
    The idea is that the US is purchasing US debt using an agent in Belgium. I can't think of any logical reason why Belgium would be interested in US debt.
    24 Mar 2014, 10:33 AM Reply Like
  • danfournier
    , contributor
    Comments (4) | Send Message
     
    Dear Katchum,

     

    dieuwer is correct. There is a mystery "agent" (read Fed puppet) who is buying this toilet paper. The following 2 articles and 1 video should clarify things for you:

     

    http://bit.ly/1pp1HGj
    22 Apr 2014, 06:21 PM Reply Like
  • danfournier
    , contributor
    Comments (4) | Send Message
     
    http://bit.ly/1pp1Iu7
    22 Apr 2014, 06:21 PM Reply Like
  • danfournier
    , contributor
    Comments (4) | Send Message
     
    not sure if these URLs are pasting linking correctly, so pls google:

     

    1) The Shocking Buyin spree of America's Third largest Treasury holer ramps higher (article from zerohedge[dot]com)

     

    2) True scale of dollar ponzi scheme becoming apparent - Rob Kirby (article and video interview on usawatchdog[dot]com)

     

    Let's see if your mainstream media will publish this in Belgium... Ha!

     

    Enjoy!
    22 Apr 2014, 06:31 PM Reply Like
  • WMARKW
    , contributor
    Comments (10798) | Send Message
     
    Belgium's holdings grew to $381 Bil in March. Still need a better understanding.....nothing I read seems to shed any "bright" light on the topic. Mostly just supposition related to clearing, derivative security, etc.
    15 May 2014, 05:33 PM Reply Like
  • Tack
    , contributor
    Comments (16359) | Send Message
     
    Yes, nobody wants U.S. Treasuries. That's why rates are steadily falling. How about a bond economics 101 refresher course.
    15 May 2014, 06:27 PM Reply Like
  • Katchum
    , contributor
    Comments (605) | Send Message
     
    Author’s reply » Everyone but the Fed of course.
    16 May 2014, 05:00 AM Reply Like
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