This market is rigged and dangerous. On August 4th, Dow dropped 4.3 percent! When it happened, I couldn't understand why. Wasn't the US debt ceiling issue resolved already? Then came the S&P downgrade announcement the day after on the weekend. The next Monday on August 8th, Dow dropped another 5.55 percent! I guess some people were making serious money shorting the market!

China is getting nervous about this U.S. debt default risk. However, the market is extremely calm. The fear index VIX is still under 20! Looks like the market is telling us this default can not happen in August. Can it?

Well, the timing is right. Exactly 40 years ago, in August 1971, U.S. abandoned the gold standard. May be this is time to let the bullets fly, and let the dollars burn. May be this is the time to let the gold and silver shine.

So, to put this in a bigger picture, I would not be surprised to see a U.S. debt default in August. This can be a very good thing for the future of mankind. I'm getting ready for it.

China warns U.S. debt-default idea is "playing with fire"

This idea of a technical default (delaying interest payments for a few days), in my view is not bold enough. Republicans are betting that the impact can be managed. But the truth is, nobody can predict the magnitude. It may be huge. If so, why don't declare a 100% complete default. Not a single penny to China. Not now, not in the future. It's time to teach Chinese a lesson on Capitalism:-) They are inexperienced. It's their own fault to lend U.S. so much money. Commies are no capitalists after all, how can they so stupid selling their goods to U.S. for worthless paper?

$14.3 Trillion U.S. Debt Ceiling is reached. I'm surprised it's barely mentioned in mainstream media! Instead, what we get is IMF boss got arrested for his attempted sexual assault. Timing is everything! Now, the IMF boss is locked up, nobody is going to save Europe's debt problem at the moment. US dollar is bad, true; but comparing to Euro, it's not as bad, is it? Stock market is calm, Silver dropped almost 5 percent! America is blessed!

There are two options now, default or keep printing money. What happens if go default? US debt will be worthless, interest rate will shoot sky high. Normal people will follow the steps of their government and default on their debts as well. Big banks and insurance companies will go under. It will be a far larger crisis than 2008! No, not again.

Financial trading and military history are two of my favorite hobbies. Now this is a historical moment in the silver market. This is the battle of Kursk, or the battle of Bulge, or empire strikes back. Or the last struggle before nirvana. The Chicago Mercantile Exchange raised margin requirements on silver futures four times in two weeks, 84 percent increase since April 25! The greedy fat cats are carrying out an counter-attack to save the big banks who are hugely shorting the silver. Looks like they are making progress. The game is completely rigged. Most small traders have to sell to meet the much higher margin requirements. Other traders unload all their holdings because of the stops were being hit by this sudden and fast drop.

One of my co-workers got stopped out of all his positions. A friend of my another co-worker, a fund manager in China, killed himself jumping off from a high building.

For me, I've been waiting for this moment for quite a while. I have quite a bit of cash sitting on the side line since the beginning of the year. I missed the run up. God is treating me well. Now I'm given the opportunity to add some more.

Osama Bin Laden is dead, just like that. What a joke! 10 years of so-called war on terror. Trillions dollars wasted on a guy who seems to be weak as water. What kind of enemy is this, so easy to get rid of? To me, this guy seems to be just another pawn. He can be taken out at any time. He lived as long as his masters wished. Now he's dead, this fake war is over. The real game between masters can start.

Why now? the Islamic democratic revolution has gone viral in the middle east. Some world powers may not like the direction this movement is heading. A democratic, powerful middle east may not be a good thing. A dead Bin Laden can re-set the direction for this movement.

Not sure if China is behind this. China and Pakistan are real friends. US and Pakistan? No, not really. How can Bin Laden live so close to the heart of Pakistan for so long without being discovered? Either China is involved, or China is really lucky. China benefits the most from this fake war on terror. In the past 10 years, US badly misused his limited resources, heavily in debt, fighting this phantom enemy. On the other hand, China gets stronger day after day, financially and militarily, almost unnoticed. Now all of a sudden, China is number 2 world power economically, and China will soon have her own aircraft carriers and stealth fighters.

There will be a war between China and US. Maybe the war has already started, in the financial markets.