Early this morning the Russian Central Bank announced their plans to stop purchasing United States government treasury debt, instead shifting to IMF bonds.  The Russians are the fifth largest holder of U.S. Treasuries, with about $140 billion on hand.  This dovetails with similar warnings from China, and Bilderberg member and Treasury Secretary Geithner's tacit approval of the dumping of U.S. debt.  Even now, without enough new buyers of U.S. debt at auction, our Federal Reserve is monetizing new debt by buying bonds that nobody else will buy, in effect creating new money (inflation) to continue the operations of government.  Will we soon have to monetize not only the incredible levels of new spending that the Obama administration is creating, but also all the foreign held bonds in Russia, China, and elsewhere? 

Also out today, our trade deficit increased to a loss of $29.2 billion per month, and exports fell over 2% to their weakest level since 2006.  This credit arrangement, where we consume more foreign than domestic production by the billions every day, is financed with government debt, to be paid for by our children and grandchildren in the form of increased taxes and a lower standard of living. 

What we are seeing is the entire world in a feeding frenzy, buying U.S. corporations and real estate with cash built up from years of trade deficits, and little by little saying that we are not as credit worthy as we used to be.  We are literally being sold at a discount to foreigners.  All the while, our two major parties march down the path of free trade globalization in lock step... ensuring that they personally will retire fat and happy, but leaving what for future generations of Americans? 

More information as it develops.