Monday, June 20, 2011

Russia, China, Japan and PIMCO dumping US Bonds

Did I say dumping? PIMCO is shorting!
Hyperinflation... your money is about to become worthless.
Just two weeks before QE2 ends, Russia becomes third major country to announce it will dump U.S. Treasury holdings
Just in time for the end of QE2, when the US needs every possible foreign buyer of US debt to step up to the plate, we get confirmation that yet another major foreign central bank has decided to not only not add to its US debt holdings, but to actively sell US Treasurys… The WSJ reports that “Russia will likely continue lowering its U.S. debt holdings as Washington struggles to contain a budget deficit and bolster a tepid economic recovery…”

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