Central Banks Selling US Treasuries As Fight Over Debt Looms

Posted by Martin Armstrong - Armstrong Economics

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360x240xT-Bonds.jpg.pagespeed.ic.l 7l3i9A-aCentral banks have been dumping US Treasury bonds because of the debt ceiling problem and the Tea Party will shut down the funding if they have their way. This is illustrating the entire problem. The debt ceiling only ever rises. We will see a rise in taxation and this will help to collapse the US economy and thus the world. These people we call “representative” only represent themselves and they have no solution to this Sovereign Debt Crisis. It certainly looks like we will be seeing that blast to new highs next year. So hold on tight. This may even hurt a bit.

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