"UPDATE 8:25 AM EST -- Federal Reserve Chairman to make "Emergency Announcement at 10:50 AM EST Today . . .
"President Xi Jin Ping of China posted on social media at 1:00 AM this morning "We are liquidating every dollar in banks." This means they are dumping about $680 Billion of U.S. Treasuries."
"China just ordered banks to totally cut U.S. Treasury exposure." FULL STORY at above link.
China has reportedly told banks to scale back holdings of US government debt