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The myth of riskless debt

- James Turk - Goldmoney

The US bond is about to lose what kepts it going, namely outside buyers of it from the BRIC`s, South Korea, southeast Asia will probably stop buying our bonds this year if not next year for certain, the coming crash is certain the only hedge that the US has for keeping its country going is another war in Iran because their oil is being bought by China in June 28, 2012 with Gold and not with the dollar as a balance on payment on future oil deliveries. So again buying of physical gold and silver is a must for the long haul to make it through until RON PAUL is elected if not as the GOP candidate but as an Independent. The risk is certain that the US reserve currency status is coming to an end in the very near future.

Commented 4375 days ago

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Beginning of the headline :Much has been learned from the ongoing financial debacle that has been painfully rattling the world’s financial structure in recent years. Foremost among these valuable lessons is therealisation that all financial assets have risks. Even the bonds of many sovereign nations are being called into question, and rightly so... Read More

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