Russian and China dump the dollar

These old world powers see the writing on the wall and are looking for safer havens to protect their own interests and wealth against a collapsing US dollar.  Most Americans do not realize that other countries do not have the USA's best interests at heart.  On a planet of dwindling resources, foreign governments are more likely to protect their own against the excesses of the American empire.  If two countries with a combined population of almost 1.5 billion people are worried about a dollar crash, shouldn't you be?  

-- Luis Mora, Editorial Committee

Russia Dumps Treasurys For 14 Consecutive Months; China Slashes Holdings To Lowest In Over A Year

Zero Hedge, 

15 February, 2012

Today's disappointing TIC report confirmed what Zero Hedge reported back in January, namely the record dumping of Treasurys by foreign entities as tracked by the Fed's custodial account. 

And while we will spare you the details of the report (found here), two things bear pointing out: the very demonstrative selling of US paper by Russia continues, and is now in its 14th consecutive month (as has been reported here consistently), as total USTs in Putin's possession declined to a fresh multi-year low of $88.4 billion, half of the $176 billion in October 2010.

 Also confirming that the Asian anti-USD axis is now one which consists of at least Russia and China (and certainly Iran), was the stepwise dump of US paper by Beijing which sold $32 billion in US bonds in December, bringing its total to a new post 2010 low of $1100.7 billion. 

And lastly, this was not isolated to just these two: in December the grand total of US Treasury holding by foreigners declined from $4.75 trillion to $4.732 trillion. The question then is: just what are China and Russia buying (ahem stockpiling) with all the dollars that are not recycled back into Treasurys?

Russia:

China:

Total foreign holdings:

As this chart summarizes, total foreign sales were the largest since January 2010