FDIC Warns of Bank Deposit Insurance Fund Failure
Jesse's Café Américain
07 Marzo 2009
Barbarously inconvenient to the global dollar hegemon.
Time for another announcement of an IMF gold sale? Sounds as though China would like to know when they will be able to take delivery.
Zimbabwe Ben will simply have to pick up the slack.
In all seriousness, if China starts pressing this issue the US will have no choice but engage in the long overdue revaluation of its national gold reserves significantly higher. This would be one method of reducing the national debt to China and buying back some of the Treasury bonds.
Unfortunately in this case 'higher' would be a factor of x5 at least, or as high as an order of magnitude, x10.
Perhaps the Chinese would settle for an option on West Texas, if Mexico is not interested.
And the angel shouted, "Fallen! Powerful Babylon has fallen..." Revelation 18:2
ChinaStakes
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