Russia Dumps Massive Amount of U.S. Treasury Holdings—Becomes World’s Largest Holder of Gold
via thefreethoughtproject: Moscow, Russia – The Russian government has drastically reduced their holdings of United States Treasury bonds, with Russian ownership of U.S. bonds declining from $96.1 billion in March to $48.7 billion in April—and then further reducing their holdings to just $14.9 billion in May; an 11-year low. A gradual Russian sell-off of U.S. sovereign debt began in 2011 and has intensified over … Read more