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23-03-2009 21:14
I couldn't make this up (fact is strang
The US economy effectively collapsed on 11 Sept '08 because of an orchestrated run on the banks that started at 10am (the same time the Twin Towers were attacked in 2001). --"Was Financial Collapse an Orchestrated Event?" World Prout Assembly, 2 Mar '09 
 
The US federal government finances effectively collapsed in February 2009 when the US government committed--between guarantees, investment, recapitalization and liquidity provision--about $9 trillion of government financial resources to the U.S. financial system that is now effectively insolvent. --"The U.S. Financial System is Effectively Insolvent," Forbes, 5 Mar '09 
 
By the way, both events were predicted during a secret meeting of the US House of Representatives on 13 Mar '08 (You won't believe what else was predicted during that secret meeting). --"Congress Secret Session March 13, 2008 about the collapse of the USA?" Stomverbaasd.com, 19 Jul '08 
 
In other words, China looking for assurances that US T-bills are a secure investment is like asking a con man if you can trust him. 
 
"Shortly after Mr. Paulson's Monday speech a Dutch economics professor, Dirk Bezemer, wrote me that: "In my thinking I liken it to a Ponzi game where in the final stages the only way to keep things going a bit longer is to pump in more liquidity. That is a solution in the sense that it restores calm, but only in the short run. This is what we now see happening and - despite the 10% stock market rally today - I am still bracing myself for the inevitable end of the Ponzi game - suddenly or as a long drawn out debt deflation."" --"Parsing Mr. Paulson's Bailout Speech: The Unprecedented Giveaway of Financial Wealth," World Prout Assembly, 18 Oct 2008
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