The upcoming US Treasury default on T-BONDS will it happen?
Answer this now, When the USA defaults on its treasury, Do you think China will look away , like the foolish american citizen that thinks the Fed is on there side, or will they want compensation by way of collateral damage. ie US federal reserve bank New York, New York. The Fed is already sending the Chinese the Amero to pay down debt and pegged it at .6 US dollars to the Amero this seems odd because the Amero is a new North American currency and its first use was to pay China http://www.dailypaul.com/node/65843
Who know's, the results may include a huge sell off of Us treasury sending interest rates to 20% and Gold to $2000 just like in the early 1980's we will see, All in all do not hope for a housing rebound yet.