I was wondering whatever happened to this story. Remember a few weeks back when a couple of guys (Japanese, Chinese or Korean, no one has been REAL clear on this point) got caught on a train traveling to Switzerland? They were carrying $134.5 billion in large
denomination Treasury bonds. The kind of bonds that only countries own. The kind that if a country was getting a little nervous about the health of the U.S. economy they might want to get rid of? Is this sounding familiar? I'm surprised that anyone remembers it since there has been almost no coverage of it in this country. Makes you wonder, doesn't it. We were told that they were forgeries (which would be really bad, too) and that we should just forget about them and go back to reading People magazine. Well,
Asia News is reporting that they are real. So who is dumping our bonds? At least they were trying to do it quietly, maybe not start too much of a run on the bank.
The G Manifesto has a fairly detailed rundown of this, also. This could destabilize the bond markets and the dollar. Just keep watching Oprah, though, don't worry your little heads.
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