BeaconEquity.com: China “liquidating” U.S. Treasuries
Watch the U.S. Treasury market closely, because a next leg down in the collapse of the dollar (in real terms) will begin in earnest when the number of indirect buyers begin trotting away from the auctions. From now until 2015, it appears that Beijing will be pulling the plug on the dollar. In a great piece posted on zerohedge.com today, the author, Brandon Smith of Alt Market, alerts readers to a recent change in tone in its “unofficial” communiques regarding China’s plans for its estimated $2.2 trillion dollar reserves. “We would like to buy stakes in Boeing, Intel and Apple,…