Central Banks Selling U.S. Treasuries As Fight Over Debt Looms
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.