On Friday, alongside China's announcement that it
had bought over 600 tons of gold in "one month", the PBOC released
another very important data point: its total foreign exchange reserves, which
declined by $17.3 billion to $3,694 billion.
We then put China's change in FX reserves alongside the total Treasury
holdings of China and its "anonymous" offshore Treasury dealer
Euroclear (aka "Belgium") as released by TIC, and found that the
dramatic relationship which we first discovered back in May, has persisted -
namely virtually the entire delta in Chinese FX reserves come via China's US
Treasury holdings. As in they are being aggressively sold, to the tune of $107
billion in Treasury sales so far in 2015. July 21 http://www.zerohedge.com/news/2015-07-21/chinas-record-dumping-us-treasuries-leaves-goldman-speechless
About Venus
retrograde, Erin Sullivan writes:
Venus retrograde can issue forth a
mandate for war – on the senses, on attitudes to love and on old dead values….Venus
stands guard against that which will poison us or render us outmoded. There are
times of course when our own taste changes and our activities need refreshing
new horizons.
Since Venus
is closely connected to financial matters, it should, therefore, not be surprising that people start dumping what they
thought had value just a while back much as the Chinese central bank has done
as per the news. If we make a chart for the Venus station at Beijing, we find
Venus in the eighth house (international
finance). So obviously what is changing is China’s ‘taste’ for US Treasury holdings. Also notice that Venus makes a hard
aspect to the Uranus-Pluto square that straddles the meridian. Uranus-Pluto is
about the process of transformation, the collapse of the old order of things
and the start of the new. And for China, this refers more specifically to how
it will handle international finance (Venus in 8th ).
Finally, also
contributing to the sudden disruption is Eris station retrograde [23ar] on July
20. This is exactly the IC of the Venus retro chart at Beijing. If Eris [1] is
about sudden disruptions, she has certainly lived up to her nature in this case
here.
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