Dragon Master

Debt Ceiling Upped to $10.615tn, Just in Case

Always keep it mind that US is already broken. Gov does not have money. Every time we heard Gov is going to bailout/provide stimulate/buyout, that is printing more paper money, i.e. steal wealth from its citizens.

Government Rule Changes Buy Time, But Will They Bail the U.S. Out?

This is most idiot statement I ever heard (China has reportedly $1.6 trillion in mortgage-back US securities). China has only about 1.45 T foreign reserve and has at least 35% in non US currency. Where is 1.6 T number comes from?

Please, China, Sell Your Treasury Notes!

<<It would be great if they started dumping those Treasuries and buying the bonds of Fannie (FNM) and Freddie (FRE) instead, at least for the time being.>>

China will sell US Treasuries but will buy gold, silver, PM and commodities around the world. They will not touch worthless GSE.

Look at yourself in the mirror and think a second for God sake. 800-1500 years ago when China started trading biz, there are no civilization even on this land.