United States

The wholesale liquidation of US Treasuries continued in November, when according to the just released TIC data, foreign central banks sold another $936 million in US paper in November 2016, which due to an offset of $892 million in buying one year ago, means that for the 12 month period ended November, foreign central banks have now sold a new all time high of $405 million in the past 12 months, up from a record $403 million in LTM sales as of one month ago.

Where did the selling come from?

This article was orignally posted at www.disobedientmedia.com
Abstract

German Chancellor Angela Merkel and other Europhile politicians have pushed forward with an aggressive campaign to militarize the European Union. These plans have at times been kept from European citizens in certain states. The new EU Army appears to be supplied at least in part by NATO which is currently being affected by corruption scandals and the death of its Chief Auditor under suspicious circumstances.

In light of Xi Jinping's spirited defense of free trade in Davos yestrday, which implicitly blamed rising protectionism on Donald Trump, here are some revelant facts courtesy of Axiom's Gordon Johnson.

China has been hit with a number of steep, and at times draconian, steel import tariffs from the US in 2015 (when imports into the US from China fell -25.1% YoY) and 2016.

Exhibit 1: China Steel Imports into the US

The United States is increasing airdrops of weapons, ammunition and other supplies to foreign-backed militants in the Syrian city of Raqqa. The weapons are intended for opposition forces to “fight ISIS”  as they close in on the groups self-proclaimed capital of Raqqa in Syria, according to US media reports citing the country’s military. Gen.

Having listened stoically for the past two months to accusations without evidence that Moscow "hacked the US election", and that Hillary's loss was indirectly due to Putin's alleged meddling, which resulted in Obama's expulsion of 35 Russian diplomats, on Wednesday Russian Foreign Minister Sergey Lavrov finally snapped, and lashed out at the ongoing US election scapegoating fiasco, saying that leaders and top officials from the UK, Germany, and France have “grossly interfered” in US internal affairs, “campaigned” for Hillary Clinton, and openly “demonized” Donald Trump.