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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: koan who wrote (44176)	7/7/2007 6:23:01 PM
From: siempre33	Read Replies (1) of 78421

the dollar faces crises on more than one front.... Peter Schiff understands the economy, and the risks involved with the dollar, better than anybody I'm aware of.... "The Chinese are not the ones who are stuck [with U.S. Treasuries], Americans are. In order to exit their positions in U.S. Treasuries, the Chinese do not have to sell, they only need to stop buying and let their existing bonds mature. Then the U.S. government, not the Chinese, will be the ones forced to find new buyers for its debt. Most of the debt that the Chinese own is short-term. Therefore all the Chinese need to do is simply not re-purchase new Treasuries when the U.S. pays them for their existing notes. Perhaps Greenspan should rent a copy of the 1981 Kris Kristofferson movie "Rollover," where the fear that Arab countries would not rollover maturing treasuries sent gold prices soaring." 321gold.com the Chinese may appear to be our friends, for now....as long as it is to their advantage....when it is not....we will live in even MORE "interesting times"....

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