November 16, 2007 (LPAC)--The $150 billion outflow from the dollar and U.S. investments in August was called "stunning," and "incredible" because it reversed a mass influx of the world's money into U.S. dollar investments which often reached $100 billion a month throughout the whole "globalization" era.

But the U.S. Treasury released data Nov. 16 showing that the outflow from U.S. investments continued in September as the dollar continued to fall. Although this time the net loss from U.S. investments was only $14.1 billion, it included, again, net liquidation of U.S. Treasury and other securities by China, Japan, and the "Caribbean banking centers" of London jurisdiction and control. The China and Japan net liquidations, about $3.5-4.0 billion each, are a very small fraction of those countries' dollar reserve holdings, but it is clear that their massive support of the dollar by absorbing vast quantities of U.S. debt, has stopped.

It had to. The dollar debt assets foreigners were buying included trillions in speculative mortgage-bubble and related securities which are now illiquid, and whose value is collapsing.

CNBC reported Nov. 16 that on television programs in China, "expert" investment advisors are telling individual Chinese to get rid of investments in dollars, and go into those in other currencies.