A Suddenly Nervous China Tells The US To “Earnestly Take Steps” To Avoid A Default !

• My assessment is that there is 90% probability the US government will increase the debt limit! There is only a 10% chance they won’t. The most likely scenario is for them to bring the system to the brink of collapse. This is for the benefit of the Illuminist insiders, banksters … who will benefit greatly from a sudden drop of the financial markets. This will create worldwide panic and ‘suddenly’ on schedule the US Congress will spring into action and raise the debt limit and the FedRes will even increase the debt monetization level from US$85B to who knows what level? Double, triple … etc. It is all a SCAM !  (Note: No one who studies the debt monetization by the FedRes believes it is only US$85B/month! My personal guestimation is at least US$120B/mth.)
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• The FedRes will then have plausible deniability: that they have no choice in massively creating money out of thin air to save the world, resulting in hyperinflation and the collapse of fiat currencies subsequently!
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• A Suddenly Nervous China Tells The US To “Earnestly Take Steps” To Avoid A Default! 
  by Tyler Durden, www.zerohedge.com
  While the world’s largest hedge fund, the Fed, may not care about the performance of its “bad bank” assets, and thus is largely ambivalent if the US Treasury defaults on the $2 trillion in US paper held by Ben Bernanke, others don’t have the luxury of merely printing away any incurred MTM losses. Such as America’s largest foreign creditor China, which at last check held at least $1.277 trillion in US Treasurys, which after realizing with a substantial delay that the US Congress is not precisely a “rational actor” and its bonds may be materially impaired in the case of a technical default, is starting to panic.
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  In an oped in the largest media publication, China Daily, vice finance minister Zhu Guangyao, warned that the “clock is ticking” to avoid a US default that could hurt China’s interests and the global economy. Somehow we doubt Boehner or Obama are particularly concerned about what happens to “Chinese interests.”  Of course, if China so wishes, it can pen an Op-Ed in the NYT and tell the US just what will happen if $1.3 trillion in US Treasurys were suddenly to be dumped in a liquidation fire sale.
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