I read an interesting article today at King World News. In this article, Jim Rickards claims that China is the sucker at the global gold poker table. I kind of agree with him. While middle east nations are busy selling oil for gold. China are selling their goods for worthless paper. They are stuck with 3 trillion dollars of paper. Nowhere else to go, not enough gold, don’t know what to do and they are completely vulnerable to the United States.

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?

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.

It's been all over the news lately. At first, Fox News, then CNN, then ABC. Donald Trump is aiming for the next US president. Can he save America?

The guy is smart. He's coming out at the right moment. The US government is in immediate danger of shutting down. People are paying more and more attention to the government budget and the huge debt. Because of this heated government shutdown debate, this debt problem is no longer a future problem for the future generations. It is here and now.

The American people successfully completed their revolution in 1780s, with the help from the French. A few years later, French people got the spirit and started their own revolution! Isn't revolution a contagious disease for the world's nations!

In 1989, Chinese people started their revolt at Tienanmen Square. Although it failed with thousands killed, the spirit lived on and passed to the people in East Europe and Russia. And they started their own massive revolts against their communist masters. In a year, Soviet Union and her satellite communist nations were gone. Americans claimed the fall of communism was due to Reagan's cold war policies. Osama bin Laden claimed it's due to his Jihad in Afghanistan. I say it's due to the revolution spirit exported by the Chinese people.

In this modern day and age, this revolution spirit gets exported faster due to modern communication technology. No wonder Mubarak tried to shutdown the Internet and cell phone. It used to take years a few centuries ago, months a few decades ago. Now it only takes weeks! Tunisia revolted a few weeks ago. Now it's Egypt. Which nation is going to get it next?