CNN Reports China Simultaneously Dumps All US Treasury Bonds onto Market!

dollar collapse panicIn what appears to be a hack, CNN.com reported this evening that in an act of retaliation against the US, China had simultaneously dumped its entire stash of US treasury bonds onto the open market. 

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The story went live on CNN at 6:55pm EST, as the screenshot captured below indicates:

CNN bonds dumped

The story was quickly scrubbed from the site, and CNN reported that it had been hacked:

  • CNN SAYS SOME OF ITS SOCIAL MEDIAL ACCOUNTS WERE COMPROMISED
  • CNN SAYS COMPROMISED ACCOUNTS INCLUDE TWITTER PAGE, FACEBOOK

Judging by the complete lack of any market response whatsoever by the Breaking CNN report (that if actually true would have likely set off a market crash the likes of which would have put the Lehman collapse to shame), it appears that the biggest news of the evening is the fact that CNN has a website.
Complete lack of response in the bond market:
10 year

 

 

Comments

  1. Since the market didn’t react I think we can conclude no one visits the CNN website.

  2. In reality China is holding off on that until the gold deliveries stop, then it will dump everything.

    • I think it was Jim Willie who told us that the elite families of China are trying to broker a deal in which they accept a haircut of only 20-40% on their dollar holdings/bonds. Because if they dumped it, they’d get much less. If you dump trillions onto any market, it collapses before you’ve sold any amount to anyone.

    • You have that right Mary!

    • Yes, Mary, so there is truth-in-jest, as they say…now it’s just a a hacker’s joke, later the deluge.

  3. NO NO NO!  I heard it was that CNN reporter Bond took a dump on a China Plate that he was looking at in a Market.

  4. Yeah, wait until China recognizes QE is a drug, ICBC-China bank chief shuts door on burned investors-CNBC

    This is going to be a stress test people.

    • This looks to good to be true, it is probably a fallacy, hacked reports say.

    • Just realize that China and many other countries are on the same QE drug.  They all continue to print money either openly or covertly which keeps their currencies somewhat on par with the dollar.  Nothing new here as it’s been going on for about 6 years at this point. 
       

    • PowerBall … “Just realize that China and many other countries are on the same QE drug.”
       
      A fact which caused me, years ago, to think about whether this globally incessant currency inflation and debt growth is more a systemic consequence than mere turpitude among the politicians and bankers. And, after digging down to the core of the banknote ‘monetary’ scheme, it became perfectly clear that it’s the ‘system’, not anyone pretending to control it.

      Having already had some familiarity with the deflationary ‘drawbacks’ of the Classical metallic monetary scheme, I suspect it WAS originally envisioned as a financial ‘panacea’, where everyone could ‘live happily ever after’. The 1929 event, however, should have been proof enough that the ‘thing’ wasn’t ever going to work as conceived. THAT’S when the criminal hubris began to creep into it and snowball to what it’s become.

    • @PowerBall
       
      Your observation is right. This is not a voluntarily act of printing money though. Other countries are forced to do it. You can consider other central banks just like painting shops that re-paint green buck into national colors.
      In order for Russia or Indonesia to issue their own currency they have to have the US dollar reserve either in cash or bonds. I’ll try to explain how it works when you are on the other side of the fence and why other countries  are always short on cash. This is a Ponzi scheme, but a brilliant Ponzi scheme that always pushes the world to “consume” the US dollar, making other central banks recycling facilities for US dollar. Let’s say you are an oil producer in Russia and you managed to pump X amount of barrels a day and you sold the oil on the market-both domestic and international. Most likely your domestic needs are only a fraction of international needs but you got paid in US dollars for the product. Well, here is the first brilliant trap of the Ponzi scheme. You just exchanged goods for paper. But you have to pay your expenses and salary to workers on the local market, so you go to the local rep. of the country’s central bank and ask to exchange your US dollars. Well, this paper came in addition to your own monetary supply which is working somewhere in the economy or simply accumulated by citizens or oligarchs. So the rep. of the central bank gives your dollars to the central bank, and the central bank issues national currency in equivalent. But, it (the CB) now has to keep this amount of US dollars on it’s balance to justify the amount of national currency it’s just emitted. This is another part of the Ponzi scheme. As you know most central banks in other nations are controlled by the same entities as the Fed. Reserve. That’s why they work hand in hand together always creating shortage of national currency and always recycle US dollars from the open market to keep inflation low. This is exactly why there was a bill submitted in the Russian parliament to nationalize the Central Bank of Russia. Putin tried to pull this stunt off in 2004, but the media (also controlled by the same crooks) painted it as “KGB’s crack down of freedoms”. Instead Putin poured money into RT to create a credible media platform to be able to convince the public that they are been screwed. See, up until now you can find many supporters in Ukraine for EU membership and this is after they have numerous examples of outright robbery of EU members. Take any country, the situation there now is much worse compare to the pre-EU conditions. Even big countries like Germany and France are a way worse now. How the hell can you get so many people in support? By brainwashing through the media.
       

  5. you’l know when this happens.  Silver Doctors will be hacked with a DNS and a DDOS  This happened two weeks ago right about the time Yellen’s confirmation was taking place in the Senate.  The open forum a short time before that outed Bernanke’s BS.  Now that Doc offers ammo, the PTB are going to take special notice here. 

  6. Very Well Done, even though It say ‘Hacked’ the  Chinese Flew a 4 trillion  Dollar Balloon over a Top  US media station wannabee  ..and we didn’t fire back then oops there is ! coming at ya! more sooner than later imo. ,>)
    Besides I pity da fools who don’t buy Gold Now!!!

    • BLING!! This dude would definitely break a sweat walking to the corner shop and back. He would get a scoliosis in the spine for sure, but at least he could pay for the treatment. Talk about wearing ones retirement fund … hope he has a 18ct Gold Glock with silver bullets to maintain his fund though.

  7. What do I got to do with it?

    LONG term unemployment can make any worker progressively less employable, even after the economy strengthens. Janet Yellen

  8. Perhaps a small test run just like Cypress bail-ins. No big waves, no riots…..cool, the sheep are sleeping soundly…..let’s do it!!!

  9. It wouldn’t mater if they actually did dump the mega banks can exsorb it. They have over 10 trillion of unspent QE fractional reserve money for major problems just like this. They wouldn’t like to trade paper for paper though.

  10. Easy ! get out the long term US Bond and buy Phyzzzzzzzzzz Gold and Silver imo.

  11. Rick Rule said a 2 Billion dollar buy could halt Silver trading!

    • Hey! You CAN post more than one picture at a time! 
      Pimp=Master Goldfein Gatta Biggens Sahib took up a lot of bandwidth for the dial-up peeps like AGXIIK 
       
      :)

  12. Two words … trial balloon.

    • @PatFields
       
      Yep, Brother Pat, definitely that.  This is the hand that waves in front of someone’s face to see if they are actually asleep.  Once that is known, the show can commence… one slow small step at a time… at first.

    • I don’t know. The way it was written was definitely prankish. It makes CNN look shoddy so I approve :)
       
      @PatFields @Ed_b @AGXIIK
      Completely off-topic … Have you guys ever heard about a holding company on Wall Street called CEDE & CO? It is apparently a company set up by the New York Stock Exchange and the Federal Reserve (secret stock owners of) in order to hold the Legal Rights of Ownership of EVERY Stock and Bond held in the US; $20 Trillion + worth (about 99% actually as there are still some certificates floating around out there from stock market pre-automation days.)
       
      Apparently every Stock and Bond held in the US is technically owned by this one holding company, and the buyer is simply the Beneficiary Owner … ie, if there is a crisis, the Fed can seize them as assets and manage them as collateral for the National Debt, perhaps total confiscation, or they could impose haircuts on dividends etc… and because the NYSE and the FED have complete control over the market there would not be a thing anyone could do about it.
      http://www.early-retirement.org/forums/f44/stock-ownership-and-cede-and-company-42027.html
      http://ming.tv/flemming2.php/__show_article/_a000010-000923.htm
       
      Even the name of the company, CEDE as in to Cede or Cession of Ownership tells a tale;
      DEFINITION OF CESSION:
      The act of cession is the assignment of property to another entity. In international law it commonly refers to land transferred by treaty. Ballentine’s Law Dictionary defines cession as “a surrender; a giving up; a relinquishment of jurisdiction by a board in favor of another agency” In contrast with annexation, where property is forcibly given up, cession is voluntary or at least apparently so.
      http://en.wikipedia.org/wiki/Cession
       

    • Finally a post I do not have to read TWICE from our fine founding father-type @PatFields!!! 
      (I actually appreciate your exacting language skills, Pat!) 

    • @
      “Have you guys ever heard about a holding company on Wall Street called CEDE & CO?
       
      No, I have not heard of that but it sounds sufficiently diabolical to be true.
       
      “Apparently every Stock and Bond held in the US is technically owned by this one holding company, and the buyer is simply the Beneficiary Owner …”
       
      Sounds a lot like the depositors not being depositors anymore but “unsecured creditors”, which basically translates to “these guys are last in line to get any of their money back should we decide to screw them”.  :-(
       

    • WillNotBeASlave … “Apparently every Stock and Bond held in the US is technically owned by this one holding company, and the buyer is simply the Beneficiary Owner
       
      To truly understand how this Centralization of Titles under any sort of ‘CEDE & Company’ is structured At Law (STILL requiring KNOWLEDGEABLE acquiescence after all, for GENUINELY enforceable Contract), one has to first get a firm grip on the core legal facts of money as it self-liquidates debt and thus conveys Title. Complete comprehension of that, solidifies one’s deeper understanding of why physical money is indispensible and why circulating paper credit is so fatally poisonous to Liberty.

      I constantly rail that banknotes are not money and all Title in them is retained by their respective issuing banks. They are perpetually Loaned Instruments, the sole purpose of which is to conduct a transient exchange to MOVE GOODS through any user’s mere temporary physical possession ONLY. They cannot be used for securing BOTH Lawful (possessory) AND Equitable (beneficiary) Title in a good because no perfect Title in the MEDIA is ever possible of offer. Simply put, one cannot TRADE what one does not HAVE.

      This is why I so firmly contend these Machiavellian SOBs are trying to drag the world back under Feudal Social Order, where Title in all things ‘Of The Realm’ is under single Monarchs.

    • @PatFields>>>This is why I so firmly contend these Machiavellian SOBs are trying to drag the world back under Feudal Social Order, where Title in all things ‘Of The Realm’ is under single Monarchs.
      You got it. What I just find fascinating about the current drive to automate and fast-trade all ‘assets’/titles to the assets at least, is the truly diabolical way that it is being done in a way to call it Legal.
      Apparently, you can phone up your broker and get them to request your certificates from the DTC(Cede & Co), and you will still get them after a few weeks. But of course if your broker wants to sell them on the market he/she will have to re-submit the actual certificate to Cede & Co before he can even get the ability to trade them, (and there are restrictive fees along the way of course). So by attrition, and people’s desire to have as much trading advantage as possible, ALL brokers seem to have caved in to this requirement and they simply allow Cede & Co to be the Legal Owner, with their brokerage as the registered beneficiary owner, and the Customers name never appears on the certificates at Cede & Co anymore … just the Broker, but the broker of course is still not the Legal Owner as the DTC(Cede & Co) is the custodian.
       
      Basically, even if all of the certificates were held at the brokerages, at least the ownership is spread across a number of private companies that the Customer can choose to patronize or not at their free will, but this Cede & Co arrangement puts 1 SINGLE ENTITY (that is controlled 66% by the Fed and 33% by the NYSE Assoc .. ie, the Fed has virtual control) in Legal ownership or Cession of ALL of the certificates. Thus if a stock market crash occurs, and/or a Bullion default that triggers a financial crisis, the whole shebang is streamlined in order to ‘Legally’ make it very easy for a quick turnaround clamp down on all private assets.
       
      All in the name of ‘efficiency’ and ‘modernity’ … it all makes me sigh in disbelief sometimes. The system could have been setup to be just as efficient without the Legal Cession being a component, they are once again simply using ignorance on a mass scale to circumvent a true market reform that still enshrines any true Individual Sovereign Equity in order to control and steal everyones wealth … just Communism really I guess.
       
      @Ed_B >>>Sounds a lot like the depositors not being depositors anymore but “unsecured creditors”, which basically translates to “these guys are last in line to get any of their money back should we decide to screw them”.  :-(
      That was my initial reaction too, but it seems to be oh, so, true :(

  13. Clever stuff Silver Doctors.   Using the same trick to get me to read an article about nothing.

  14. China will not dump that much Fiat on the system. It would break their export model. They are exchanging the Dollar product though, slowly for real assets and commodities.
     
    I bet all that Nigerian/African oil, land etc is being bought using the dollar. This means that when the time comes to tally up who owns American Debt, it won’t be the economically successful ones, oh no, it will be the emerging nations, who will be hooked like fish, left at the table for when the bill arrives, and China would be out the door, saying “thank you, that was lovely, must do it again!”
     
    I love the fact that Chinese “companies” are going into America and buying companies and property like kids in a sweet shop. “Do you take cash?”…I can see them smirking as they hand back the American Dollar toilet paper, for the trade. Same thing happening in London. It won’t happen in Paris or Frankfurt though. Why? because of their strict policies on mergers and acquisitions.
     
    So do I believe this story. Nah!.
     
    I was reading about the dollar as a reserve currency, 60% world wide….that’s a lot of debt sold. Lets hope that it never goes back to source, else America will be like a cheap rent boy.

  15. I do not know how TA you are, but current chart on Chinese Futures

    This is from : SouthChinaMorningPost.com/business

    Also China is doing a test on its markets during this time to see if banks will not default.

    Good luck & what do you see?

  16. Silver looks to have been lagging Gold for a month or so (to me). Do you think it will keep lagging going forward, or catch up to Gold in the traditional leverage style?
    http://www.silverdoctors.com/forums/topic/will-silver-lag-gold-to-the-upside/

    • Hi widgie :)
       
      In an un-manipulated market, it could still lag a bit, but I suspect it will not. 
      In 2011 it was leading quite a bit. Silver topped out 5 months before Gold did, 
      but IMO it would have been topping when they killed Gold in September. 
      Silver = April 2011  ~$49
      Gold  = Sept. 2011  ~$1920
       
      I predict that GSR will settle between 15:1 and 9:1, depending on how much industrial demand and if there is any possible 
      MANIP-MANOP left in the system. Current Mining ratios are 8.9:1 but idk if that includes a drop in the Silver mining profits 
      making them shut down sooner than the Gold Miners did. It has been ~8.9:1 for a long time, though. I’ve been watching! ;)

  17. It was the AM/PM.  This story was not supposed to be released until 20 minutes from now.
     

  18. BTW. This is a really serious hack if you ask me. Disrupting a the whole market possibly. Whatever asshole who hacks that irresponsibly should be prosecuted and sued.

    • Start with the failure that spend 2 drunk hours on the Obamacare job first.
      CNN doesn’t usually report truth anyway, it didn’t hurt their credibility one bit.

  19. Judging by the complete lack of any market response whatsoever by the Breaking CNN report (that if actually true would have likely set off a market crash the likes of which would have put the Lehman collapse to shame), it appears that the biggest news of the evening is the fact that CNN has a website.
     
    This is your funniest quip this year Doc. Made me LOL … because it’s true. CNNwho??? If I were a CNN shareholder I would take the hint.

  20. I gotta say, if/when China decides it has enough gold and enough clout, that would be a great way for them to put us down instantly and take over the reigns of world superpower. It’s moving in that direction and this story at the very least, is previews of coming attractions. It would not hurt China too much to make a move like that, they would recover quickly while we go down the crapper. It would plant them firmly into the drivers seat!

  21. CNN
    Clown News Network
     

  22. Could they be using treasuries as collateral for purchasing all the other stuff they are currently buying, Then when the market collapses they just say, ‘not my problem…’

  23. ‘On the market’ …. and yet zero response.
    I’d be interested to see whether ‘the markets’ reacted if they hacked several major broadcasters simultaneously. 
     
    Somehow, I doubt the markets would.

  24. The Chinese are clever ,so they may not dump all US Bonds at once fearing War with the US just yet!,so they may announce dumping them over say a 7 years..it will have the same effect ..imo

  25. Only one buyer I can think of, the Fed.  Taper, what taper?

  26. Pat Fields  Willnotbeaslave.  
    ‘EFFICIENCY AND MODERNITY’ 
    The first, last and only thought that comes to mind when I hear these words when applied to government is:
      GERMAN GAS CHAMBERS
    Goverment efficiency is always and only applied when it’s intentions are optimized in the killing of human beings.  
    When the government uses those words in the public realm, my blood runs cold then boils.
     The only efficient and modern aspect of goverment that I’d like to see is their prompt and effective removal. 
    Gold and silver are now the only form of currency that I consider modern and efficient.
     I strive to find more and more people willing to join me in  that small but growing world of precious metals, most useful in conducting commerce away from the government.
    Regretfully precious metals value is equated to the arbitrary and capricious value of the Bastard Stepchildren Banknote Scheme of the Feudalist Slave Mongers.
    That will change.
    This last week I got 2 people to commit to purchase a total 1,600 ounces of silver. I also traded 260 ounces of silver for ammunition. 
    The best part is that I go to the gun range today and train a friend in some fun ‘run and gun drills’ 

    • @AGXIIK >>>The first, last and only thought that comes to mind when I hear these words when applied to government is: GERMAN GAS CHAMBERS
      Scary thing is that the Fed is a private cartel who’s members have bought out the two dominant political parties, and control the Congress and the Executive nominee through fiat usury hegemony … I think everyone knows that the Govt can’t do anything efficiently LOL, but what surprises me about CEDE & CO is that it is almost as big of a deal as the FED being founded in 1913, because CEDE & CO now have technical ownership of dozens of Trillions of Shares and Securities that others think they legally own, whereas the FED balance sheet – even with the current ‘asset’ purchases – still can’t compete with CEDE & CO … even though the FED IS CEDE & CO, so what the hell am I talking about LOL.
       
      The amazing thing is that the Brokerages all simply acquiesced to the new paradigm of the DTC/CEDE & CO without a whimper, (even though some brokers call it un-affectionately “SEE-DEE and Co”), and the vast majority of Customers of these Brokerages simply have no idea that they do not own the Title to their purchase … so as Ed_B has said, the Customers have effectively become un-secured creditors of the Fed, so that the Fed can Legally acquire ALL Securities Titles, and the Fed simply allows the trading of the Titles and the benefits of the Titles to flow to the person who thinks they own them … FOR NOW! just so that everything looks like it is running smothly and ‘efficiently’,  but legally, when the SHTF and the Bank Holiday is called, the Fed will simply close/freeze the Brokerage accounts with the DTC, and at that point in time your assets become a Fed Acquisition by permission of the Executive, which even the Constitution says is legal in an ‘emergency’ as long as the bought out criminals in DC allow you ‘Fair Price’ … which is whatever scraps are left after they settle with overseas creditors and take their fees and kick backs. Obama is their man, and he will allow the ‘professionals’ at the Fed to manage the crisis, and hold all the necessary auctions required to settle with foreign bond holders that the Executive chooses to settle with … they might just give Beijing, Shanghai and Moscow the middle finger, but they want to keep countries like the UK, France, Germany, South Korea and Japan on-board etc… Obama will be the splitter of the spoils that every overseas country will grovel to for patronage, and the Fed will be the managers of the Bankruptcy, making sure that their hand picked favorites get all of the cream in the spoils.
       
      Hey … maybe even this coming Monday when the Stock Market opens we will all get to see the long awaited collapse? IMO, it is not too far off now, and all the mechanisms are in place ready for the Emergency Acts to be executed with brutal expediency and surprise.

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