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burfordTjustice burfordTjustice is offline
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Default Central banks are dumping America's debt at a record pace.

On Tue, 17 May 2016 11:19:31 -0700
Taxed and Spent wrote:

On 5/17/2016 10:57 AM, burfordTjustice wrote:
On Tue, 17 May 2016 10:54:10 -0700
Taxed and Spent wrote:

On 5/17/2016 10:22 AM, burfordTjustice wrote:

somebody must be buying

Deeply discounted.
Haven't you ever brought some ones debt?

If anything, demand is still high for U.S. Treasury bonds -- it's
just coming from private investors. The yield on a typical 10-year
bond is just 1.76%, which is very low.

"While central banks may be selling Treasuries to support their
currencies, investors seek the safety of Treasuries at the same
time," says Jeff Kleintop, chief global investment strategist at
Charles Schwab.

If china dumps all bets are off. Major banks have been buying silver
and gold in vast amounts. Not so long ago Goldman got another
7.7 tons of gold.