CRISIS REPORT: China Threatens to Collapse the US Dollar!?!? Part 2 - China's Bold Gambit
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- Add me as a friend on Facebook! http://www.facebook.com/harryc Get DAILY GrowBy10 Updates on Twitter! http://twitter.com/GrowBy10 The tables are fast turning against the deeply indebted US Govt officials. USA Inc is in deep trouble. Its productive engines in both finance and industry are either wrecked or sputtering, even as its debt burden grows exponentially. Debt default litters the landscape. Next its sovereign bonds will be have to be sold to some extent outside the US$ Sphere, which will put at great risk its stock, namely the US Dollar itself. Lets call them US Govt Dragon Bonds. The custodians desperately seek creditors to supply much needed capital in order to fund the gigantic and growing US Govt debts, which by the way are grossly understated. The last resort is to monetize the US Treasury Bond issuance, a process well along. With the aid of the US Dollar Swap Facility, the US Fed has been able to secretly bid on US T-Bonds from foreign soil, have it appear like foreign bids, and conceal the continued and broadening monetization initiative. The United States is boldly defying the creditor nations, printing money, and buying its own debt. When more fully revealed, the US Dollar will suffer the consequences. A sense of betrayal will surely come, much like discovery that the CIA has been flooding the globe with counterfeit $100 bills, or Wall Street has been flooding the globe with counterfeit Fannie Mae Bonds. Closer to home, it is akin to selling lemonade has been secretly watered down, or putting lawn mower clippings into the reefer batch before sale. By Jim Willie CRISIS REPORT: China Threatens to Collapse the US Dollar!?!? Part 2 - Chinas Bold Gambit
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