US May Face 'Armageddon' If China, Japan Don't Buy Debt

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[Kosh GTO]

The US is too dependent on Japan and China buying up the country's debt and could face severe economic problems if that stops, Tiger Management founder and chairman Julian Robertson told CNBC.

"It's almost Armageddon if the Japanese and Chinese don't buy our debt,” Robertson said in an interview. "I don't know where we could get the money. I think we've let ourselves get in a terrible situation and I think we ought to try and get out of it."

Robertson said inflation is a big risk if foreign countries were to stop buying bonds.

“If the Chinese and Japanese stop buying our bonds, we could easily see [inflation] go to 15 to 20 percent,” he said.  “It's not a question of the economy. It's a question of who will lend us the money if they don't. Imagine us getting ourselves in a situation where we're totally dependent on those two countries. It's crazy.”



http://www.cnbc.com/id/33004753




Well Im ready to leave here if the Shootem hits the fan.I will put roots down in Zaventem,i know of a town drunk there.. :)   GTO

[Pangloss]

did some background on that drunk kosh

burning crosses .. they woudn't waste the wood 

[Kosh GTO]

Well as they say: The Vorlons have never lost a fight. 


It would be like home, here i live now I'm in the middle of Triple K Area for 13 years.I come and go as i please   

And if need be" There always a surprise to any one who come Uninvited."   

[Kosh GTO]

Well as they say: The Vorlons have never lost a fight. 


It would be like home, here i live now I'm in the middle of Triple K Area for 13 years.I come and go as i please   

And if need be" There always a surprises and reflections  to any one who come Uninvited."