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China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings
Zero Hedge ^ | April 24, 2011 | Staff

Posted on 04/24/2011 9:42:07 AM PDT by library user

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To: Para-Ord.45
It`s what the left wants, a crippled USA.

Either way they win, a crippled USA with no influence or a crippled USA with no influence and taken over by the Statist Totalitarian left.

Yes, a cippled economy will prompt Americans to flock to the party that promises the most handouts. If anyone doubts this, compare the 1928 and 1932 electoral maps.

"I propose a New Deal." - 1932 slogan by democratic presidential candidate Franklin D. Roosevelt.


61 posted on 04/24/2011 11:09:13 AM PDT by matt1234 (Union rank-and-file are now dem brownshirt rank-and-file.)
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To: BenKenobi

Basically there are no scenarios where the result is anything better than awful.


62 posted on 04/24/2011 11:15:24 AM PDT by ChildOfThe60s ( If you can remember the 60s....you weren't really there)
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To: Captain Peter Blood

That is when they start calling Bernanke “Burn Yankee”.


63 posted on 04/24/2011 11:17:00 AM PDT by central_va (I won't be reconstructed, and I do not give a damn.)
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To: ChildOfThe60s

My generation is willing to accept poverty in exchange for fixing the system. We’ve already lost close to 15. 1998-2011 has seen no rise in real incomes.

Is your generation willing to finally admit that your policies are not working and we must stop, now?

We need your help. We cannot do this alone.


64 posted on 04/24/2011 11:19:41 AM PDT by BenKenobi (Replied Henny Penny, "The sky is falling, and we must go to tell the king.")
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To: CynicalBear

And don’t forget to wear your leopard skins LOL!!


65 posted on 04/24/2011 11:21:09 AM PDT by Soothesayer9
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To: chris_bdba

Prepare to hold out for how long....6 mo’ths, a year, 2 years? I work the logic out as to how bad it could get with riots and perhaps chunks of our nation invaded and given to other foriegn powers. I don’t think Americans will be able to prepare enough for the gangs that will overpower even the most detirmined and armed survivalists to steal and kill. Then how to replenish what has been used up? You think the Amish will be able to hold out against the onslaught that the progressives would like to bring on this nation?

We need God and we need to make plans regarding the setting up of territorial strongholds should a drastic civil collapse occur in this nation. I can go right now and buy food and ammunition to last a year but who would also help me defend it? Isolationist preservationism isn’t enough...now several hundred thousand like minded families working together congregated in a state or territory might give us an edge thru the dark times but in the end it is going to take massive repentance before almighty God to save our land or at least good decent portions of the population. And I mean repentance to a point that we rediscover the judeo Christian mind set that brought our great nation into being!

As for bloodshed, I could see 50 to 75 million dead before some sanity is restored in this nation...perhaps one dead for every unjustly aborted soul or child who has been grossly sexually molested.


66 posted on 04/24/2011 11:27:34 AM PDT by mdmathis6 (Applied Christianity;a study in spiritual fiber optics connecting God's love to man!)
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To: BenKenobi

“The preferable boomer option is enslaving the young, which is what we do see.”

Not going to happen long term.

Take a look at the trend of M1 versus M2 over the past few years. M1 is growing like gangbusters as compared to M2. So where is all that currency going?


67 posted on 04/24/2011 11:29:10 AM PDT by RKBA Democrat (Repudiate the national debt)
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To: library user
"may want to consider that such an action could well guarantee hyperinflation, once the Fed is stuck as being the only buyer of US debt."

I believe this shows shortsightedness on the part of the author.

With China...potentially Japan and the Saudi's, or ever worldwide dumping of US Treasuries and dollars interest rates will go through the roof.

Easily 10-12% within a year. Maybe even higher.

Can you see the US Taxpayer paying $1trillion per year in interest? $1.5 trillion?

Me neither. It will never happen. The USA will default. Outright, via declaration.

Yes, the country MAY announce they will honor debt held privately by US Citizens but it won't matter.

Sovereign Default always completely destroys the value of the sovereign currency and always results in regime change.

The USA under it's current Constitution may cease to exist over the next 5-15 years.

68 posted on 04/24/2011 11:30:49 AM PDT by Mariner (USS Tarawa, VQ3, USS Benjamin Stoddert, NAVCAMS WestPac, 7th Fleet, Navcommsta Puget Sound)
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To: BenKenobi

“We need your help. We cannot do this alone.”

Younger people are dealing with it already. All that currency isn’t disappearing into thin air.


69 posted on 04/24/2011 11:32:08 AM PDT by RKBA Democrat (Repudiate the national debt)
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To: library user
China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings

Who cares?!! Don't you touch my Social Security or Medicare!!!

70 posted on 04/24/2011 11:32:15 AM PDT by SkyPilot
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To: library user

I think it is too late. Time to Go Galt.

http://www.youtube.com/watch?v=KX-zTTgB-hE


71 posted on 04/24/2011 11:33:14 AM PDT by DaxtonBrown (HARRY: Money Mob & Influence (See my Expose on Reid on amazon.com written by me!))
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To: Mariner

“Can you see the US Taxpayer paying $1trillion per year in interest? $1.5 trillion? Me neither. It will never happen. The USA will default. Outright, via declaration.”

Yup. The real question now is whether default comes on our terms or not.


72 posted on 04/24/2011 11:35:03 AM PDT by RKBA Democrat (Repudiate the national debt)
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To: library user
Time for another pre-packaged "precious metals" investment:

- Copper
- Brass
- Lead

73 posted on 04/24/2011 11:35:07 AM PDT by DTogo (High time to bring back the Sons of Liberty !!)
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To: Mr. K

Cut the government IN HALF


Take all elder entitlements (SS, Medicare, Medicaid) out of the federal budget and force them to break even annually by floating the retirement age each year as needed.


74 posted on 04/24/2011 11:35:54 AM PDT by Atlas Sneezed ("If you touch my junk, I'm gonna have you arrested.")
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To: Mr. K

Yep, all we hear from the fed for fixes are BS, the only hope we have to regain this country is to totally eliminate the federal gangstas ability to borrow or raise funds at all, sell of their assets and close down washington except for the basic responsibilities listed in the constitution..
If we cannot get a handle on this they are selling us off to the world...we are slaves of the fed at this point..If we eliminate all taxes on income and corporations, drill and persue energy to the max, cut the federal g until its near gone along with its programs we have a chance.. We will be lucky to do that before the line is crossed and we are no longer even a country much less a powerful one..


75 posted on 04/24/2011 11:37:40 AM PDT by aces
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To: SkyPilot

“Who cares?!! Don’t you touch my Social Security or Medicare!!!”

Or SNAP, or government schools, or AFDC, or WIC, or public housing assistance, or.....


76 posted on 04/24/2011 11:37:53 AM PDT by RKBA Democrat (Repudiate the national debt)
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To: wiggen

Am thinking the Feds speech this Wed. will prove interesting in regards to China’s moves. Might be a checkmate ordeal by the Fed. You can bet the International Community will be watching this.


77 posted on 04/24/2011 11:40:03 AM PDT by caww
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To: BenKenobi
Is your generation willing to finally admit that your policies are not working and we must stop, now?

Some are, as evidenced by entities such as FR and the TEA Party.

But, as many have stated in this forum, the policies ARE working. Because the goals of most of those in favor of these policies are rooted in the destruction of the Constitution.

IMO though, the system is beyond rehab. It will collapse. The real question we face is can be rebuilt from the remains? In order to do so, we must first survive. I don't know what my odds are, but I can pretty much guarantee that the bad guys are going to give a lot more than they get when they come after me. I will have lots of company when I leave.

78 posted on 04/24/2011 11:49:08 AM PDT by ChildOfThe60s ( If you can remember the 60s....you weren't really there)
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To: fhayek

No need to wait until tomorrow. The Globex opens in a little over three hours.


79 posted on 04/24/2011 11:50:57 AM PDT by WhistlingPastTheGraveyard (Some men just want to watch the world burn.)
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To: library user; ohioman

First off library user, Paul Ryan and Heritage Foundation’s budget plan is total B***S***, they sold you a song and dance.

Secondly, ohioman, this is why I am arguing that the US military must reduce spending by a minimum of 40%.

Paul Ryan and Heritage have thrown the country under the Obama bus, they want kudos for laying a carpet over our bodies before the bus rolls over us.


80 posted on 04/24/2011 11:54:14 AM PDT by JerseyHighlander
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