Saturday, December 4, 2010

Trouble a brewing

Conservative commentator Glenn Beck is often ridiculed by the left for his "conspiracy theories".  Beck has routinely warned about events that people have considered crazy which have in the long run proven true.  The unemployment number rising above 9%, the rising price of gold and the Fed's quantitative easing scheme come to mind.  Recently Glenn has been warning about a "big event" that will threaten the stability of America and possibly the world. 

Isn't it strange that North Korea has been ratcheting up attacks against South Korea in recent days, sending all of Asia into a tail spin?  Meanwhile, China has recently began buying tons of gold.  This is after buying more U.S. debt than any other nation (the Fed is actually the largest holder) and buying up a rather large chunk of the world's natural resources.  China has been quite vocal about the government's accounting tricks and has openly questioned the out of control spending of the Obama administration.  With their region in turmoil and their current position as a financial superpower, China just may be in a position where it can call in the U.S. debt load.  Beck may just have hit yet another nail on the head but only time will tell.  If Washington doesn't right the ship and do it fast, you can bet that China doesn't need to sit around and wait for us anymore.

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