Zhu Guangyao - the vice Finance Minister of China - has written an op-ed about the prospect of American default. If you want to find out more, please cast your eyes up to the start of the thread. There you will find an article which mentions this startling and arresting fact.
Someone needs to explain to the Chinese Government that there's no chance of default. Unless they do, events may well pan out exactly as I have described.
Prove to the Chinese government that they don't need to worry about default.
Explain to them - for instance - that the buying power of the dollar hasn't been going down 7% a year for at least the last decade, that the debt-ceiling is merely Kabuki theater, and that all of those apparently serious articles about creating a trillion-dollar coin to pay America's debts were just poorly understood jokes.
We don't know what kind of payment default they fear. A Russian-style repudiation? An Argentinean-style devaluation? Zimbabwe on the Potomac?
But they evidently fear it. Otherwise Zhu Guangyao - the vice Finance Minister of China - wouldn't have been given the job of raising a red flag.
My bet is that they will buy Gold until the fear goes away. So, good luck with that.
China might be third in line, but their opinion matters enough that I expect both sides of the aisle to fall in line.
MUST READ: DEBT CEILING A DEMOCRAT RUSE The debt ceiling propaganda is a radical ruse by obozo and his minions to try to force the Pubbies into a cave in on obozocare and push America that much further into the Marxist hellhole obozo promised his ignorant supporters in 2008! Raising the debt ceiling WITHOUT reigning in SPENDING and telling those “non-essential” bureaucrats to get REAL jobs (if they can find them) is a recipe for the further destruction of what remains of America. If he takes us into default, it will be because HE made the decision to do so. FACT: We are nowhere near that even with a complete budget stall. The US takes in nearly $250 BILLION in tax revenues each month. This is more than 10 times what is needed to service the interest on the debt ($220BILLION/year). What this shutdown does, however, is force Obama into a position where he would have to prioritize the spending for what is left. It would NOT be the total chaos being pushed by the Dems and their lapdog media. If you want your country back, ignore these phony scare tactics. PLEASE SHARE THIS WITH EVERYONE YOU KNOW. Don’t bother with the obozombies. They wouldn’t recognize a fact if it bit them on the ass.