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  • US Has Partially Defaulted On Bonds 0 comments
    Jul 7, 2014 2:50 PM | about stocks: TNA, TLT, GLD

    US treasuries and FATCA

    The US has already defaulted on treasuries, as of July 1, 2014. Only 30%, but can 100 % be far behind?

    Due to Fatca, retention of interest payments by 30%, to foreign entities began on July 1.

    Didn't hear about it? The big money was selling out their position in treasuries. Why would they tell you before they were completely out?

    Disclosure: The author is short TNA, TLT.

    Additional disclosure: long gld

    Stocks: TNA, TLT, GLD
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