De- Americanizing Today
*DAGONG DOWNGRADES U.S. LOCAL, FOREIGN CURRENCY CREDIT RATINGS
*DAGONG DOWNGRADES U.S. SOVEREIGN CREDIT RATING
EUR/USD POST SHUTDOWN
AUD/USD POST SHUTDOWN
USD/JPY POST SHUTDOWN
GOLD POST SHUTDOWN
It a global rebellion.
Trouble is that I think people are taking it too literally.
1/3 the world of stocks and bonds is not that easy to replace. And China has been buying US treasuries during the term of the entire debt ceiling debacle.
They can only buy that many Empire State buildings as recompense if they were to sell their US treasury holdings.
Some food for thought, I guess.
Steps To De-Americanization (tradehaven.net) 16/10/13