[meyer]

Obambi is running the federal government much like Dennis Kucinich ran the city of Cleveland back when he was mayor. The only difference is that the fed has a printing press while Cleveland lived on credit.

Cleveland eventually had to file for bankruptcy, and I suspect that the federal government will reach an equally drastic ending as entities around the world quit buying bonds that have no future value.

[appleseed]

China airs fears on US debt, dollar: lawmaker

Kirk said that Chinese leaders were sharply critical in private of the US Federal Reserve’s policy of “quantitative easing” — a form of flooding the financial system with cash, which critics deride as printing imaginary money.

http://www.breitbart.com/article.php?id=CNG.59d40e44d29fb24306de4a8aee8d691e.891&show_article=1

[Thermalseeker]

I suspect that the federal government will reach an equally drastic ending as entities around the world quit buying bonds

Big bond sale today, $60 billion or so in 10 and 30 year Treasury's. We should know the rest of the world's feelings about Obamalamadingdong's printing and spending habits by sundown today.....