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It's coming!!!1!1
Any time now!!!1!
Randian Paul needs to go after the financial sector that ed us up, yet again, just like Swiss train on time, rather than fiat money, which, like Paul himself, ain't goin nowhere.
It's coming!!!1!1
Any time now!!!1!
So 6 years? Is that what we're looking at chestradamus?
No bump of this thread is valid until then?
it was clear by the end of August 2007 the bubble was about to burst, but this is a quibble. a revisit in six years would be fine by me.
I think we can revisit this anytime we want. It's a forum...
Dollar bubble!!!1!!1 Everybody run!!!!1!
crofl still thinking in gold standard terms...
It's over Che... Much like Ron's run for presidency...
Not that they would ever be observed, but I don't see what prevents us from drawing a few hard and arbitrary lines. For predictions some span of time should be chosen. If the seer fails to specify, his audience may recommend. as you did upstream, carrying my second.
(This thread ain't so great it needs regular updating JMO.)
oops
China's Holdings of Treasuries Drops for First Time on Record
China, the largest foreign U.S. creditor, reduced its holdings of U.S. government securities last year for the first time since the Treasury Department began compiling the data in 2001.
The world's second-largest economy held $1.15 trillion Treasuries as of Dec. 31, down from $1.16 trillion at the end of 2010
Read more: http://www.sfgate.com/cgi-bin/articl...#ixzz1oGlKeGrl
China's Sale of U.S. Debt -- Beginning of the End?
The dollar's share of China's huge cache of currency reserves has been slashed to a record low, the Wall Street Journal reports, to which it adds the world hasn't ended as a result.
But more recent data showing outright sales of U.S. securities by China suggests a less cavalier at ude would be in order. It isn't the end of the world, just a portent of what can happen when the biggest buyer of America's biggest export -- its IOUs denominated in dollars -- stops buying.
That would leave the Federal Reserve as lender of last resort to the U.S. government to fill the gap left by its biggest creditor. Think this Zimbabwe style of central-bank monetization of an unsustainable government debt can't happen in one of the world's major industrialized democracies? Well, it may be starting in Japan.
http://online.barrons.com/article/SB...BOL_GoogleNews
China is also settling for lower yields by buying shorter term debt to hedge against the inevitable inflation and interest rate increases...
So someone else bought the debt?
Wow.
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