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US Has Partially Defaulted On Bonds

|Includes: GLD, TLT, Direxion Daily Small Cap Bull 3x Shares ETF (TNA)

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