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WHO'S HOLDING THE BIG AMERICAN IOU?

Interesting editorial from Jim Sinclair:

"It's the Asians that have been financing our massive deficits with Japan and China now holding more than 41% of our outstanding debt. For the United States and its G-7 followers to point the finger at the Asians for the dollar decline and job losses in the United States is beyond outrageous. Nonetheless, the American public loves it.

As long as the equity market rises and volume moves higher, Americans will applaud these deceitful tactics. In any war the first causality is the truth and this seems to be the case in the economic war we are fighting as well.

All the Financial TV talking heads are heralding the upcoming economic boom. It's coming alright but not in the way those light-headed, self-indulgent fops think. Economic commentary in the United States is a Cecil B. DeMille production with a thousands actors spinning in one direction only."

Read in entirety here.