Friday, June 03, 2011

The Trigger Has Been Pulled... Or Not

Oh-oh: - China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.

Glen Beck has consistently said that when the Chinese dumped their U. S. Treasury Securities we could start the countdown to our total financial collapse.

Problem right now is that Beck is so emotionally trussed up with Israel's endless problems with their neighbors that he's not watching any more, so has the clock started, or not?

Do they have other securities, like long-term ones? Enough so that this 97% dump of short-term ones is not the real trigger?

Curious, I am.


Samm Hein said...

I wish I could carry more Glenn Beck stock, but the guy makes Alex Jones look sane and normal, and the theatrics and hysterics don't help his case for the "Big Utah M", if you catch my drift.

Bob said...

How true Samm Hein...

But afeter sifting thru all his usual hystronics and emotional ham-hockery I can still find a lot of fact in his claims by checking up on them.