So where is the world putting their money now - USA
 

Oh wait, I?m sorry? where did they seek refuge?

Yes, I think I did read that right.

IN AMERICAN BONDS!!

The yield on the 10-year US Treasury note which moves in the opposite direction of the price, fell to 3.57 per cent after earlier dropping to 3.52 per cent, down from 3.60 per cent late on Friday.

The US dollar shot up 3 per cent against the won to the highest in more than six years.

The dollar has been the beneficiary of a move by institutions and investors to cut the amount of risk in their portfolio. As a result, the euro fell 0.9 percent to $1.3642 after earlier falling as low as $1.3610.

The euro was down 1.9 per cent at 142.18 yen the lowest since May 2006.be said loudly enough for all the fools on the Left and Right who continually propose how we are going to Hell in handbasket by some bizarro conspiracy theory that our bonds get dumped by the world

We are the last refuge for economic security. The only way it even becomes plausible is when the global economy prospers enough to venture away from the safety of the mammoth American free enterprise.

Everyone who disses our economy can eat dirt now because the global system will now demonstrate how desperately they need us.

Good bye Euro and hello Dollar.

Make your investments here because everything else is crashing.

:1orglaugh:1orglaugh:1orglaugh

All that just happened was a colorful little band-aid was stuck on a boo-boo.

This is not going to last. The dollar is being propped up and as soon as they address the massive wounds and forget about the little scuff they just put the band-aid on, the USD is taking a nose dive.

Bookmark this post and come back to it in a year.

The mamooth of the free entreprise you are talking about is pretty much the US using the developping countries as colonies feeding them... They control the world's world bank and oil markets, off course the USD is the currency to be :)