{"id":906,"date":"2011-09-21T15:58:32","date_gmt":"2011-09-21T19:58:32","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=906"},"modified":"2011-09-21T15:58:32","modified_gmt":"2011-09-21T19:58:32","slug":"qe-cant-save-the-day-weve-done-a-version-of-it-for-over-10-years-zerohedge","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/21\/qe-cant-save-the-day-weve-done-a-version-of-it-for-over-10-years-zerohedge\/","title":{"rendered":"QE Can’t Save the Day… We’ve Done a Version of It For Over 10 Years | ZeroHedge"},"content":{"rendered":"

While most commentators proclaim that QE is a completely new phenomenon, we have in fact seen a version of it in the form of the Fed\u2019s and Asia\u2019s (especially China\u2019s) purchases of US Treasuries\/ currency pegs over the last decade or so.<\/p>\n

Indeed, today, the Fed, China, and Japan collectively hold 61% of the $10 trillion of US debt held by \u201cthe public.\u201d When you add in the additional $4.6 trillion in US debt held by \u201cintragovernmental holdings\u201d (basically the Federal Government buying Treasuries by raiding Social Security and other pension funds) you find that Asia and the Feds have monetized $10.7 trillion of the US\u2019s total $14.6 debt (roughly 73%) over the last 20 years.<\/p><\/blockquote>\n

via QE Can’t Save the Day… We’ve Done a Version of It For Over 10 Years | ZeroHedge<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

While most commentators proclaim that QE is a completely new phenomenon, we have in fact seen a version of it in the form of the Fed\u2019s and Asia\u2019s (especially China\u2019s) purchases of US Treasuries\/ currency pegs over the last decade or so. Indeed, today, the Fed, China, and Japan collectively hold 61% of the $10 … <\/p>\n

Continue reading “QE Can’t Save the Day… We’ve Done a Version of It For Over 10 Years | ZeroHedge”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,34],"tags":[664,922,1934,2827,2831,3473,3483],"class_list":["post-906","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-us-canada-countries-regions","tag-china-hk","tag-currency-peg","tag-japan","tag-qe","tag-quantitative-easing","tag-treasuries","tag-treasurys"],"yoast_head":"\nQE Can't Save the Day... We've Done a Version of It For Over 10 Years | ZeroHedge - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"QE Can't Save the Day... We've Done a Version of It For Over 10 Years | ZeroHedge - the patient investor\" \/>\n<meta property=\"og:description\" content=\"While most commentators proclaim that QE is a completely new phenomenon, we have in fact seen a version of it in the form of the Fed\u2019s and Asia\u2019s (especially China\u2019s) purchases of US Treasuries\/ currency pegs over the last decade or so. 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Declining Money Flow warns of selling pressure. Reversal below 2750 is likely and would warn of another test of primary support at 2250. Breach of 2750 would signal the end of the Denial stage of the bear market. Panic would\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45437,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/11\/17\/feds-stealth-liquidity-is-fueling-a-stock-market-rally-michael-howell\/","url_meta":{"origin":906,"position":2},"title":"Fed’s Stealth Liquidity Is Fueling A Stock Market Rally – Michael Howell","author":"Colin Twiggs","date":"November 17, 2023","format":false,"excerpt":"Stocks are rallying despite slowing bank credit growth. Loans and leases by commercial banks (gray) may still be growing but are declining relative to GDP (blue below). Michael Howell from Cross Border Capital -- one of the few experts to correctly forecast a stock market rally in 2023 -- explains\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Commercial Bank Loans & Leases","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-17-bank-loansleases.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-17-bank-loansleases.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-17-bank-loansleases.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":22922,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/11\/28\/gold-qe-strong-and-steady\/","url_meta":{"origin":906,"position":3},"title":"Gold: QE strong and steady","author":"Colin Twiggs","date":"November 28, 2020","format":false,"excerpt":"Fed assets continue to grow at a steady annual rate of $3.2 trillion per year. The 10-Year TIPS yield retreated to -0.87% on Wednesday. Foreign Investors may be disaffected with Treasuries. This chart from Alhambra Partners shows the 6-month change in foreign holdings of Treasuries: But the Fed is not\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1442,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/21\/chart-of-the-day-chinas-u-s-debt-holdings-credit-writedowns\/","url_meta":{"origin":906,"position":4},"title":"China\u2019s U.S. Debt Holdings","author":"ColinTwiggs","date":"October 21, 2011","format":false,"excerpt":"According to China Daily, China owns $1.13 trillion of US debt. China has $3.20 trillion in foreign exchange reserves. via Chart of the day: China\u2019s U.S. Debt Holdings | Credit Writedowns. The key statistic here is the $36.5 billion decline in August which dwarfs previous monthly changes. No wonder the\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24841,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/03\/27\/decline-of-the-us-dollar\/","url_meta":{"origin":906,"position":5},"title":"Decline of the US Dollar","author":"Colin Twiggs","date":"March 27, 2021","format":false,"excerpt":"In 1971 Richard Nixon took the US Dollar off the gold standard, creating the first reserve currency based on fiat. He had no choice. After LBJ's big-spending guns and butter program of the '60s, the US did not have enough gold reserves to cover its foreign debt. So the US\u2026","rel":"","context":"In "Debt Levels"","block_context":{"text":"Debt Levels","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/debt-levels\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=906"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/906\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}