China to buy up to $50 billion of first-ever IMF bonds

[Lurker]

I'm surprised that this hasn't been picked up. This is huge news as China is one of only a few nations in the world that has the ability to fund our debt that has gone parabolic. If they start placing their dollars elsewhere well the implications are big. Not just that - the article states that the bonds would be denominated in Special Drawing Rights - NOT US dollars.

http://www.marketwatch.com/story/china- ... 2009-09-02

[Lurker]

More news from China.......I think they're all connected.

Report - State-owned (Chinese) firms may default on commodity hedges....What could China about to default on? Gold and Silver short hedges? Oil hedges?

http://www.reuters.com/article/rbssBank ... dChannel=0

Then Hong Kong pulls their entire gold supply from London.

http://www.marketwatch.com/story/hong-k ... 2009-09-03

Gold and Silver explode last week.....