Socio-Economics History Blog

Socio-Economics & History Commentary

Max Keiser on Sovereign Debt Crisis

  • How long will it be before both US and UK sovereign bonds are downgraded from their ‘AAA’ rating? The market is already anticipating this and reacting by dumping treasury bonds and USD.
     
  • How will the biggest creditor nation: China react to this? They are caught with US$2T of USD denominated holdings. The Chinese are dumping their USD by buying record amount of commodities like oil, copper.. iron and gold.

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May 30, 2009 - Posted by | Economics | , , , , ,

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