|
Post by hefferman1 on Jun 4, 2011 9:35:19 GMT -5
The time for prepping is getting short, because the excrement is getting ready to impact the air circulation device. cnsnews.com/news/article/china-has-divested-97-percent-its-holdinChina had moved away from the dollar and has divested 97% of it's holdings. That means the US Economy is ready to collapse. Which means the country is that much close to collapse. If you are not ready, you need to be getting that way fast as you can.
|
|
|
Post by dirtfarmer on Jun 5, 2011 6:06:45 GMT -5
The debt and money situation is so hard to wrap one's mind around but it is clear the situation is rapidly getting worse. Sort of like an automatic transmission. Very few of us know how one works but we notice when it starts slipping and we really notice when it starts smoking. The FED and the Treasury are sort of like an automatic transmission that has been working for many years but I'm sure I now smell smoke.
|
|
|
Post by hefferman1 on Jun 5, 2011 7:47:43 GMT -5
The debt and money situation is so hard to wrap one's mind around but it is clear the situation is rapidly getting worse. Sort of like an automatic transmission. Very few of us know how one works but we notice when it starts slipping and we really notice when it starts smoking. The FED and the Treasury are sort of like an automatic transmission that has been working for many years but I'm sure I now smell smoke. That is a well thought out response, that fits very well.
|
|
|
Post by safetalker on Jun 5, 2011 18:25:21 GMT -5
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jun 6, 2011 7:24:01 GMT -5
As bad as this may sound, the only thing the Chinese divested of if you read the article was one type of US security. They still hold over 1 trillion dollars combined of all other types of US Securities. But make no mistake, they are doing everything they can to divest of their US securities without tanking the market and taking a bath on them.
|
|
|
Post by avordvet on Jun 6, 2011 16:11:38 GMT -5
As bad as this may sound, the only thing the Chinese divested of if you read the article was one type of US security. They still hold over 1 trillion dollars combined of all other types of US Securities. Ok, that makes me feel a lot better...
|
|
|
Post by jimbravo on Jun 7, 2011 1:09:46 GMT -5
They are getting rid of the short term ones. Like 1 year maturity. They weren't paying much interest anyway.
|
|
|
Post by safetalker on Jun 7, 2011 9:53:34 GMT -5
got this off military .com ------------------------------------------------------------------------------------------------- The Pentagon's top officer said Thursday that service members will likely see cuts in pay and benefits as the military plumbs its budget for nearly half a trillion dollars in savings over the next 12 years.
Joint Chiefs of Staff Chairman Adm. Mike Mullen warned against taking the "relatively easy" choice of cutting hardware while maintaining the increasing costs of paying and providing ongoing health care to troops and retirees.
"Two of the big places the money is, is in pay and benefits," Mullen told defense reporters at a June 2 breakfast meeting in Washington. "And so when I say all things are on the table, all things are on the table."
In May, President Obama proposed sweeping budget cuts totaling $400 billion over the next 12 years -- a fiscal hit experts say will largely come from the DoD. Defense Secretary Robert Gates has said health care costs are "eating the Department of Defense alive" -- with nearly 10 percent of the budget going to health benefits for active and retired service members. ------------------------------------------------------------------------------------------------------------------
|
|