Friday, March 14, 2014

Nations dumping dollar reserves to the tune of $100 billion last week

The biggest threat to the U.S. dollar is not events in Ukraine, nor the economy, and not the stock markets.  No, the biggest threat has always been the over $16 trillion in offshore currency that might one day find its way back to the U.S..
And unfortunately, that day may be coming much faster than the U.S. anticipated.  A new report from the Treasuries In Custody (TIC) report showed that just last week, foreigners dumped over $100 billion of Treasuries, and helped drop the dollar from 80.3 to its current level of 79.45.


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