Tuesday, February 18, 2014

U.S. debt shell game continues as EU mops up Chinese dump of Treasuries

In the Western world there is no longer any national sovereignty… there are only central banks.  And in an interesting turn of events that took place in December, the small EU country of Belgium was the small straw that appears to have been mandated to mop up a huge number of U.S. Treasuries that China decided to dump onto the market as pressures in Asia force the world’s second largest economy to liquidate for cash.




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