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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: skinowski who wrote (52707)2/5/2006 10:35:54 AM
From: shades  Read Replies (1) of 110194
 
Right, it is just like mish's cspan appearance today - the real issue is RESERVES - not price units - but I think benson was saying the oil countries need to be kept in check to hold dollar reserves and keep buying our debt so the party continues - somehow pricing oil in dollars is connected to this reserve issue. IE china cant buy her oil from saudi boys unless she gives them lots of us greenbacks - that the USA wont let the saudi boys take her yuan. So your instant convertible hopes are dashed under that scenario eh? So even though china may be divesting herself of lots of green paper - her oil prices will skyrocket - the saudi boys will then increase their reserves of US dollars and keep the debt bubble flowing. He called it the greatest central bank heist in the history of the world.
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