“Treasury Secretary Jack Lew made the following statement during remarks today before the Economic Club of Washington D.C.: ‘[W]e are relying on investors from all over the world to continue to hold U.S. bonds. Every Thursday, we roll-over approximately $100 billion in U.S. bills. If U.S. bond holders decided that they wanted to be repaid rather than continuing to roll-over their investments, we could unexpectedly dissipate our entire cash balance.'”
http://www.economicpolicyjournal.com/2013/09/the-treasury-secretary-on-how-unstable.html
Related posts:
Short Video: Canadian Wait Times for Surgery; America’s Future
Man killed by half-ton of marijuana
Merkel Declares War On "Fake News"; Europe Brands RT "Dangerous Propaganda"
Protester crashes Syria hearing: ‘The American people do not want this’
China’s Shadow Currency Addiction: ‘The Mother of All Bubbles’
The core Internet institutions abandon the US Government
Manchester Bomber Was Product of West's Libya/Syria Intervention
Reserve Bank of India Issues Virtual Currency Warning
Federal court dismisses Firearms Freedom Act
Police Whistle-blower Justin Hanners: Founding Member of Liberty.me
Montana Prosecutor Declares War On Pregnant Mothers Who Drink
Introducing TxTenna: Decentralizing The Last Mile In Bitcoin
The Technical Bankruptcy of the Government Is Kicked Out Another Six Weeks
Obama promised to close Guantánamo. Instead, he’s made it worse.
Illinois: High-Ranking Cop Caught Lying About DUI Arrests