You'll be forgiven if you defecate in your pants.

[Delawhere Jack]

Total holdings in the Fed's Treasury custodial account and weekly change:

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/09/UST%20Custodial%201.jpg

And the rest of the story:

http://www.zerohedge.com/news/foreigners-dump-74-billion-treasurys-6-consecutive-weeks-biggest-sequential-outflow-history

Doesn't really matter who is dumping treasuries, Chinese or European banks or both, the consequences will be the same. Look closely at that first graph, at no time in the previous 3 years have the total holdings dropped for more than two consecutive weeks, and never to the extent that they have in the past 7 weeks. 6 out of seven weeks negative, with one minor blip up.

Got Hard Assets?

[shinnosuke]

I read that earlier. Just wondering how long we keep world reserve status. Of course, there seems to be no alternative with the Euro tanking and talk of China folundering. However, some emergency can be created to demand a new world currency.

[Mossy]

They must have a lot of problems if anything at all is getting through the curtains. Shanghai is falling apart? Detroit without the riots?

[Thogey]

I opened the thread looking for forgiveness.

Do I still have to read the articles?

[avidbrandy]

That's pretty scary. Kinda dumb of me to be Long on the USD/CHF right now I am thinking.