Thank goodness for the world press since they cover what our sycophant press here refuses to investigate.
One thing is clear: Beijing suspects that the US Federal Reserve is engineering a covert default on America's debt by printing money. Premier Wen Jiabao issued a blunt warning last month that China was tiring of US bonds. "We have lent a huge amount of money to the US, so of course we are concerned about the safety of our assets," he said.
Things do not gradually change with regard to finance, they pop, they tip, they explode suddenly.
American cannot act like Argentina or other countries that do not handle their business honestly and run their debt up to 100% of GDP while staying a reserve currency. People will flee it like women flee a lounge lizard. The dishonesty stinks up the place.
