Posted on 01/20/2009 9:27:06 AM PST by Golddigger3
An investment manager at South Korea's national pension fund said Monday it might sell U.S. Treasurys because of the prospect that they will become less profitable and stoke inflation.
With the statement, South Korea's largest investor added its voice to a group of investors and analysts who in recent weeks have expressed a bearish view on U.S. government debt.
Some economists and analysts have been expecting such a change in market sentiment for months and have been warning that it holds risks to the value of the U.S. dollar. . . .
Mr. Kim reiterated his view. "Because the U.S. government is trying to mobilize a big stimulus plan, we don't know the exact time but probably before the end of this year, it will cause inflation," he said.
(Excerpt) Read more at online.wsj.com ...
With Marxists in control of the U.S. Government, it is understandable that other nations will no longer trust investments in America.
As of a few minutes ago, its officially obama’s fault.
The way he flubbed the oath and harsh tone of his speech its not a good sign on what is about to happen.
So Peter Schiff’s latest prediction starts one Zero’s coronation, fitting
>>An investment manager at South Korea’s national pension fund said Monday it might sell U.S. Treasurys because of the prospect that they will become less profitable and stoke inflation.<<
That seems contradictory - wouldn’t Treasurys have to go up in order to cause inflation in South Korea? If treasurys stop being profitable and Korea has large holding that would seem to decrease money coming into Korea and cause, if anything, deflation.
You mean his bond bubble prediction?
The Beast arises. We are a Demonrat party nation now and it is the end of the myth they had going and, unfortunately, this nation as well.
Exactly, the bond bubble bursts today
In any large movement one doesn’t want to be in the crowd, you just get trampled. South Korea seems to be getting ready to be one of the first to get out of the way of the collapse of US Treasuries
Look who's right behind South Korea.
Pulling the “tripwire” of US Troops out of SK would be an interesting counter move. There is bold talk between NK and SK of late...sabres rattling.
Maybe the South wants reassurances quickly? If we are gone, that puts SK on their own.
With Zero in the WhiteHouse US troops aren’t a tripwire, they are hardly a speedbump
Here’s a YouTube video that shows the Fed Vice-Chair refusing to tell a congessman who exactly got the 1.4 trillion, but he does admit that WE are paying other countries to prop up the dollar:
http://www.youtube.com/watch?v=Mj0JAfq4esk
Here’s a YouTube video that shows the Fed Vice-Chair refusing to tell a congessman who exactly got the 1.4 trillion, but he does admit that WE are paying other countries to prop up the dollar:
http://www.youtube.com/watch?v=Mj0JAfq4esk
I've read that when this happens, hyper-inflation will begin. What do you think?
Oh, yeah
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