Today I would like to talk about the implications of the link I posted below about China saying the U.S. is Defaulting on it's dept (imagine that).It would not surprise me that it is already happening, and it will be interesting if this news and the implications from it spread.If you recall James Rawles in his excellent novel Patriots(I highly recommend his works) Starts the market crash on page 13 with a German Chairman making a comment about "a full scale default on U.S. Treasuries appears imminent".So thinking about that and reading this article claiming the U.S. is defaulting, and in the meanwhile China has been dumping U.S. treasuries heavily for the last 5 months. Makes you wander doesn't it?
http://ca.news.yahoo.com/china-ratings-house-says-us-defaulting-report-054309883.html
Later
Samoht
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