Central Banks Selling U.S. Treasuries As Fight Over Debt Looms
Posted on October 7, 2015 by Martin Armstrong
Central banks have been dumping U.S. Treasury bonds because of the debt ceiling problem. The Tea Party will shut down funding if they have their way. This situation illustrates the entire problem. The debt ceiling only ever rises. We will see a rise in taxation and this will help to collapse the U.S. economy and thus the world. These people we call “representatives” only represent themselves and they have no solution to this Sovereign Debt Crisis. It certainly looks like we will be seeing that blast to new highs next year. So hold on tight, this may even hurt a bit.
This entry was posted in Current Events and tagged Debt Ceiling, Sovereign Debt Crisis, U.S. Treasury Bonds by Martin Armstrong. Bookmark the permalink.