Zero Hedge: China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings
Read what the Zero Hedge crew and commentariat have to say about this Xinhua story.
Punchline?
Nailed by Bachman Turner Overdrive:
You ain't seen nothin' yet
B-b-b-baby, you just ain't seen n-n-nothin' yet
Here's something that you never gonna forget
B-b-b-baby, you just ain't seen n-n-nothin' yet
posted by Concerned American | 3:47 AM
4 Comments:
Yeah. Saw this earlier. This is a real "Oh, Shit!" moment. I'd give a digit (weak hand) to have been a fly on the wall when The Ben Bernank heard this...
Fucking banksters. Thanks to them, I'd better run an extra mile in the rain tonight...
Savor the moment, folks. These ARE the good old days.
The giant that the Japanese awoke is now poking the sleeping dragon...
Yup.
I'll be hitting the HELOC to top off my preps first thing in the AM.
It's starting, Gentlemen -- hope you're ready!
God help us -- and God Save Our Republic!!
Of course, Congress can simply declare all of those holdings void and screw the ChiComs right to the wall. Denninger has been advocating this based on the Chinese hack attempts and intellectual property theft for a while now.
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