The recent unpleasantness on Wall Street was blamed on higher oil prices,
but the real reason was likely CHINA DUMPING DOLLARS.....!
The US has been pressuring China to "re-value" their currency UPWARD.... But the best way to do that...perhaps the only way in a Communist Economy...is to SPEND THEIR DOLLAR HOARD.
CHINA SIMPLY MUST QUIT "SUPPORTING" THE US BOND MARKET AND BY IMPLICATION THE DOLLAR...IN ORDER TO "RE-VALUE" THEIR CURRENCY UPWARD.
BUT ANY ATTEMPT BY CHINA TO "DUMP BONDS" COULD HAVE GLOBAL IMPLICATION FOR THE THE DOLLAR AND THE US BOND MARKET.
Essentially, this COULD BE "the event" that we have all been expecting to happen "sooner or later" as Greenspan has predicted....SIMPLY PUT THE GAME MAY BE OVER FOR THE US DOLLAR. AND FOR THE ABILITY OF AMERICA TO "FLOAT" IT'S HIGH DEFICIT, HIGH DEBT CONSUMERISM.
IN SHORT....."GAME OVER" ON WALL STREET....... THIS COULD BE THE MUCH FEARED "BIG ONE."
