posted on Mar, 6 2011 @ 10:21 AM
BILL GROSS JUST SAID – SELL EVERYTHING!!!!!!
After serving as the inspiration for the Chairsatan’s latest appellation with his February missive, Bill Gross now goes for the jugular with the
$64,000 question: with “nearly 70% of the annualized issuance since the beginning of QE II has been purchased by the Fed, with the balance absorbed
by those old standbys – the Chinese, Japanese and other reserve surplus sovereigns.
With foreign interests buying 30% of the debt, who is going to buy the rest? The FED - and the end game, the American people. As it is, the basis of
the American Dollar - the basis for all fiat currencies is confidence, and taking a look at the news lately, that confidence is faltering. In the up
incoming months, years there will be an event, that will trigger a sell off of dollars and suddenly you will wake up one day, the banks will be
closed, the atms won't work and grocery stores will be picked clean.