The Housing Collapse of 2009 Will Be Worse Than 2008

December 16, 2008
60 Minutes special. Get out of Dollars and the US Stock Market. There is going to be a run on the dollar soon as China becomes a net seller of treasuries instead of a net buyer like they are currently. They just announced a 600b bailout of their own, how do you think they will pay for it? Dump their 1Trillion plus in US treasuries. The game is up. In 2010 a hundred US dollars wont even buy you a case of beer.