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Originally posted by questioningall
Now that situation is changing. The red line has a slight negative trend, meaning the rate of acquisition of U.S. debt by foreign institutions is slowing. At the same time, the blue line is developing a positive slope. That means Federal Reserve is now buying, or monetizing, U.S. government debt. The situation may change dramatically if the “Buy American” requirement angers foreign governments, causing them to buy less U.S. debt. Remember, the money they use to buy U.S. debt comes from trade.
above from link:www.kitco.com...
Originally posted by Wormwood Squirm
Has anyone considered that this may be a conspiracy to rob the Chinese of their wealth?
Doesn't the US have a secret stash, a monstrous unknown amount of gold? Fort Knox maybe?
If the Chinese buy up a big whack of gold thinking and believing the gold to soar in price when all of a sudden the US says OH ya, we have 2 Quadrillion worth of that medal.
Then what happens to the Chinese gold? ROTFLCOPter
They'll wish they kept the US dollar.
This whole shenanigan could all be by design with the ultimate goal of getting rid of the Chinese money threat, space threat, global power threat etc all in one huge scam.
[edit on 30-1-2009 by Wormwood Squirm]
I even have taken my 9 year old daughter's money out of the bank, and have purchased metals with that for her. I explained - that it was in her best interest and how it will increase, which it already has. She has trusted me, I have been trying to get all my family members to put anything they had extra into metals, I am thrilled they have listened to me, and have made decent purchases.
Originally posted by questioningall
...we are literally and completely "screwed" here in the U.S.!