(thought I'd add this ..kel ~ What are the perspectives of the US Dollar as the global reserve currency? link ~ http://articlesofinterest-kelley.blogspot.com/search/label/soros%20and%20fall%20of%20dollar%20as%20reserve) July 26, 2011
Someone Bet $1 Billion Last Thursday On US Credit Downgrade!
Note from Phoenix: Heads up!
IF we were to see the revaluation of the Iraqi Dinar BEFORE the United States is downgraded someone stands to lose billions and billions of dollars!
So "someone" is poised to make billions and billions of dollars when the US is downgraded!
Now it is starting to become clear just why we are seeing this delayed! Whoever is behind this and whoever is in control of Obama is doing all they can to stop the pending revaluation of the Iraqi dinar to assure that they make a massive profit from the failure and downgrade of the United States. Just know and take comfort in the fact that they cannot stop the revaluation from happening but that they can cause the delays as we are seeing now and it is now all too clear as to why they have caused this delay.
Now as SOON as the US is downgraded and whoever this person is makes their massive profit we can expect to see the revaluations take place and whoever this is causing this delay is sure to make a massive profit from the pending revaluations also.
It now appears that all of the suffering and lack is being prolonged by design so some billionaire can become even richer.
No suprise.
Hang in there! We are close for this cannot go on forever.
Phoenix
Someone dropped a bomb on the bond market Thursday – a $1 billion Armageddon trade betting the United States will lose its AAA credit rating.In one moment, an invisible trader placed a single trade that moved the most liquid debt market in the world.
You only do this if you see an edge.
This means someone is confident that the United States is either going to default or is going to lose its AAA rating. That someone is willing to bet the proverbial farm that U.S. interest rates will be going up.
This had the hallmarks of one of the largest bond shops in the world knowing something the rest of the market didn’t.
The number of shops or even central banks that can take on this level of market risk is extremely small. Some that come to mind are hedge fund manager John Paulson, Bill Gross’s PIMCO, and the U.S. and Chinese central banks.
http://moneymorning.com/2011/07/25/the-1-billion-armageddon-trade-placed-against-the-united-states/
