Russia steps up war on U.S. dollar - Belgium: a mystery buyer of U.S. Treasuries

 

“And somehow the Treasury expects us to believe that Belgium – the center of the doomed Eurozone which is all to busy running a debt ponzi scheme of its own – bought in two months nearly as much U.S. Treasuries as its entire GDP? Apparently, yes.

However we are not that naïve. So our question is: just who is Belgium being used as a front for?”

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Russia over the last year has sold off one-third of its U.S. Treasury holdings, according to records released by the Treasury Department and the Federal Reserve Board.

In March 2013, Moscow had U.S. Treasury holdings of $153 billion. By March 2014, the figure had been reduced to $100.4 billion.

In March alone, Russia sold off nearly $26 billion of U.S. Treasuries,.

International financial analysts widely interpreted the move as Russia’s response to economic sanctions the Obama administration imposed as punishment for taking over Crimea and threatening military intervention in Ukraine.

The war on the petrodollar that WND first reported April 12 appears to be gaining momentum.

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