Central Banks Dump $57 Billion of US Agency Debt

Posted: September 17, 2010 in Current Events, Financial Survival

This is a big development and could show Central Banks mean business about moving away from US Debt.  The likely scenario could be banks are dumping US Debt and converting to hard assets.  Get ready for a commodity boom where gold and silver lead to the upside.  If velocity picks up where Central Banks and foreign countries get aggressive about dumping US Debt our future inflation could turn into hyper inflation, leaving the dollar in the dust. 

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