Japan and China led a record withdrawl of foreign funds from the United States in August, heightening fears of a fresh slide in the dollar and a spike in US bond yields... Data from the US Treasury showed outflows of $163bn (£80bn) from all forms of US investments. "These numbers are absolutely stunning," said Marc Ostwald, an economist at Insinger de Beaufort.Fears of a dollar collapse grow as Saudis take fright and
China threatens the `nuclear option' of dollar sales.
The US requires $70bn a month in capital inflows to cover its current account deficit.That would be a seventy billion a month deficit. Stunning is not the correct word.
Asian investors dumped $52bn worth of US Treasury bonds alone, led by Japan ($23bn), China ($14.2bn) and Taiwan ($5bn). It is the first time since 1998 that foreigners have, on balance, sold Treasuries.
Anybody who thinks the bastards in this federal government have been looking after American interests is a confirmed simpleton or is totally unaware of what is happening to us.
In the meantime, that unspeakable fool of a jackass Bush goes around tossing out suggestions of WW3 like Halloween candy.
We gotta do something, and soon, before we wake up one fine morning to find radiation drifting down from the skies, the banks all closed and locked up tight, with all our politicians and esteemed American elite perpetrators hiding somewhere in Europe or South America... just for starters.
Try to remember that the Bush clan owns over 40,000 acres of land south of the border... and not just land. Sounds like a hideaway to me, and a carefully planned one at that.
No comments:
Post a Comment