Comment: Um ... What?!?

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Um ... What?!?

I will challenge your facts first, and then address your form later:

Goldspan, click this link and download the PDF from the US Treasury website:

http://www.treasury.gov/resource-center/international/exchan...

That document is the:
Report to Congress on International Economic and Exchange Rate Policies
U.S. Department of the Treasury Office of International Affairs
April 12, 2013

Scroll down to page 10 and look at the chart called "Foreign Currency Reserve Accumulation: Major Holders". Add up the first column under "Feb 2013". The total is $7,957,863 billion, or $7.96 trillion US dollars held as foreign reserves as of February 2013, NOT $150 billion as you claim.

The whole point of my post is that the US defaulted on its foreign obligations in 1971 and it will do it again to prevent the $8T in foreign dollar reserves coming back here to chase hard assets.

The hard assets are HERE, the soft assets, the US dollars held as foreign reserves are THERE; on the other side of the Atlantic and Pacific oceans. The door was slammed before and it can be slammed again, with the entire weight of the US military to hold it closed.

For a foretaste of how this will work, read about the Iranian-owned Manhattan skyscraper being seized by the feds: http://money.cnn.com/2013/09/17/news/economy/iran-building/i...

OK, Goldspan, the form of your posts: I get more signal watching the static between stations on my TV. Long run-on sentences, no paragraph breaks, no indication of any structure to your thoughts, just a big vomit of words and figures. In short: UNREADABLE!

I always assume every poster has valid points, even if I don't agree with everything, but with your post, there's no way to know what your points are! And since you have launched a direct attack on me personally I must protest in the most strenuous terms. Your comment here is not helpful to the conversation.