Peter Schiff: “If The Public Knew How Screwed They Were, They Might Not Re-Elect The Guys That Are

Happy1
reply to post by BABYBULL24

 

China says they're going to default on January 31st - gov't telling wall street banksters to dump everyone's 401K's and public pension funds into worthless US treasury bonds -

Currency wars are on the agenda.

Guess who's going to lose?

No economist but what i read this China thing has nothing to do with foreign currency reserves - it is all about the yuan. Them dumping foreign currency wont help them. I think it has to do with China wanting to keep the value of yuan low or it's a totally made up story to mask some other issue going on.

Should be interesting at the end of the month.