Loading ...“The claim foreigners are selling US debt is absurd. Foreign buying of US debt is intensifying as European banks ship cash to their US branches who are buying the debt and posting cash at the Fed in the excess reserve facility because of the fear of a banking crisis in Europe.”
Makes total sense as to the strength of the USD and US Bonds, regardless of our debt. So, I guess Armstrong is thinking the crisis is going to originate in Europe, probably with Deutsche Bank, but of course their derivatives will affect every major bank around the world, just like Lehman and Bear Stearns, except larger.
The question is, why have the banksters kept pressing their short bets in the pm markets if they know this is coming? Or, is this going to be a repeat of 08′-09′ where pm’s go down with the SM?