Wednesday, November 24, 2010

I'd Buy THAT for a Dollar!

Or maybe not. [Read]
Posted by David Codrea at 11/24/2010 01:14:00 PM

3 comments:

Defender said...

The China-Russia-North Korea-Iran axis. They've been waiting for the opportune moment.

11/24/2010 2:17 PM
jon said...

"Will the price of gold ever go up? Yes.

Will the house of cards collapse? Yes.

Will the paper dollar be repudiated in the marketplace? Yes.

When?, you ask.

There will be a clear signal. The fat lady will finally sing when there is a hemorrhage of dollars leaving the US. That will be your indicator."

as far as anyone is concerned, this has already happened.

the chinese central bank holds about as many treasuries as the federal reserve does. we're just waiting for them to take delivery and dump them into the market. mass inflation.

or, congress can order the treasury to default.

there is no third option but some combination of the two.

"trade wars plus currency wars equal real wars." gerald celente.

11/24/2010 2:45 PM
MamaLiberty said...

Good for them. They finally figured out that the 800 lb. gorilla that had been playing them for fools so long was finally too drunk to do anything about it.

The US (and most of Europe) is just about to default on the debt they owe the Chinese (and others), leaving their investors holding the bag.

Each and every person on the planet has the right to trade with whomever they wish, using whatever medium of exchange they wish.

It's about time we accepted that.

11/24/2010 4:41 PM

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