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Post by 2ncrca on Apr 24, 2011 18:30:58 GMT -5
IF this is correct, it could sound a global alarm. www.zerohedge.com/article/china-proposes-cut-two-thirds-its-3-trillion-usd-holdingsChina Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings Submitted by Tyler Durden on 04/24/2011 11:05 -0400
HyperinflationMonetary Policy
All those who were hoping global stock markets would surge tomorrow based on a ridiculous rumor that China would revalue the CNY by 10% will have to wait. Instead, China has decided to serve the world another surprise. Following last week's announcement by PBoC Governor Zhou (Where's Waldo) Xiaochuan that the country's excessive stockpile of USD reserves has to be urgently diversified, today we get a sense of just how big the upcoming Chinese defection from the "buy US debt" Nash equilibrium will be. Not surprisingly, China appears to be getting ready to cut its USD reserves by roughly the amount of dollars that was recently printed by the Fed, or $2 trilion or so. And to think that this comes just as news that the Japanese pension fund will soon be dumping who knows what. So, once again, how about that "end of QE" again?
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Post by Cujo on Apr 24, 2011 18:58:19 GMT -5
Watch the dollars boys, she's sinking like the Titanic. You listen toe the local/cable news including Fox and all is good. Gov. sensored?
The Great Depression will be a walk in the park to what we may have coming our way. Not to mention the Socialist agenda & the refusal to follow the Constitution.
Economy combined with a rogue Gov. we are in deep sh&t. Time for another gear check, again.
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Post by brocktownsend on Apr 24, 2011 21:16:11 GMT -5
Watch the dollars boys, she's sinking like the Titanic. You listen toe the local/cable news including Fox and all is good. Gov. sensored? The Great Depression will be a walk in the park to what we may have coming our way. Not to mention the Socialist agenda & the refusal to follow the Constitution. Economy combined with a rogue Gov. we are in deep sh&t. Time for another gear check, again. I don't blame China one bit as they are only being sensible. Screw you, Hussein.
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Post by jimbravo on Apr 25, 2011 0:43:55 GMT -5
It's only a matter of time before they do it. If not sooner, then later for sure.
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Post by avordvet on Apr 25, 2011 4:33:29 GMT -5
It's only a matter of time before they do it. If not sooner, then later for sure. Oh yeah, if the situation was reversed we would do it to them in a heartbeat... Attachments:
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Post by stoner44magnum on Apr 25, 2011 6:56:58 GMT -5
I say they need to hurry up and do it. I truly believe a collapse is the only thing that will get our sheeple's attention.
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Post by jimbravo on Apr 25, 2011 20:31:39 GMT -5
I heard that the Fed is giving a press conference this Wednesday. I don't know what they plan to announce but it can't be anything good. If you have a few spare bills, you may want to trade them for something useful tomorrow.
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Post by Sedition on Apr 25, 2011 22:36:51 GMT -5
If you have a few spare bills, you may want to trade them for something useful tomorrow. Like more ammo.
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Post by avordvet on Apr 26, 2011 4:23:02 GMT -5
If you have a few spare bills, you may want to trade them for something useful tomorrow. Like more ammo. and then what? experts already say that I... er, WE are storing over 1.5 billion rounds of ammo, so what are we gonna do, rent a third storage building?... no thanks mister you keep all that ammo to yourself...
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Post by the1badger on Apr 26, 2011 9:33:52 GMT -5
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Post by safetalker on Apr 26, 2011 16:07:55 GMT -5
There is a new shoe in the closet. If we are lucky it will be Bernanke trying to explain the non-FIAT money we will be going to in May that is based upon a commodity. Then he will go away and close the FED and get a new job since the Treasury is resuming it 's Constitutional job and Congress begins controlling the currency as is it's constitutional job. I also believe we will soon see a new Treasury Secretary. Has anyone seen Hillary in the past couple weeks?
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