Wednesday, June 10, 2009

What, Me Worry?

I have said before that American money will be worthless. Pretty soon.

A lot of people don't think think this is true.

Read this
and think about it a little bit.

If I wasn't right, this could never happen. Two guys? In a suitcase? With a false bottom?

What does this tell you? They're starting to sell our debt in Asia. Deeply discounted. For Cash. Probably any currency but the dollar. These guys were going to do a little arbitrage, get some cash and go back for more bonds.

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