When and if China unloads Treasuries or dollar reserves, the house of cards will come down just as it did when Bear Stearns couldn't meet their margin calls, the whole banking system collapsed.The difference is that when the US economy based on debt crashes, there isn't anybody left to bail it out.Got gold?
Crap. I'm totally "for" Peter becoming a US Senator, but why can't he move to Florida before he does it?? We're about to get stuck with an idiot. I don't know exactly who the idiot will be, but I can assure you that Florida doesn't even have a prospective Senate candidate who is qualified to shine Peter's shoes, much less fill them. (And yes, I'm looking directly at you, "JEB!")
emazurJan 23, 2009
"China Should Sell U.S. Bonds: Ex-Central Bank Official"<a class="user" href="http://www.nni.nikkei.co.jp/FR/TNKS/Nni20090106D06HH531.htm">http://www.nni.nikkei.co.jp/FR/TNKS/Nni20090106D06 ...</a>Schiff is hardly alone in thinking the Chinese will abandon US Treasuries.
morganmgheeJan 23, 2009
I'd like to see less 'Opinion' and more 'News' from the WSJ
caferrellJan 24, 2009
When and if China unloads Treasuries or dollar reserves, the house of cards will come down just as it did when Bear Stearns couldn't meet their margin calls, the whole banking system collapsed.The difference is that when the US economy based on debt crashes, there isn't anybody left to bail it out.Got gold?
Closed AccountJan 24, 2009
Crap. I'm totally "for" Peter becoming a US Senator, but why can't he move to Florida before he does it?? We're about to get stuck with an idiot. I don't know exactly who the idiot will be, but I can assure you that Florida doesn't even have a prospective Senate candidate who is qualified to shine Peter's shoes, much less fill them. (And yes, I'm looking directly at you, "JEB!")