The Mother Of All Bank Runs!

I agree with the premise of the enclosed article below:  the trend of central banks repatriating their sovereign gold will accelerate.  But I believe the author has it wrong on the details of the US Treasury bond buying binge by Belgium.

Belgium's economy is nowhere near large enough to support the legitimate purchase of such a huge sum of US Treasuries.  But due to lack of demand by bond buyers, and due to the winding down of QE3, SOME buyer had to take up for the slack in demand.  With the Chinese and Japanese slowing or even reversing their bond purchases, and the Fed ending their "stimulus" plan, Belgium was the mysterious buyer, used as a proxy agent to sop up US Treasury debt to support our government's spendthrift ways.

There were no bids for US Treasury debt?  No problem:  let's create an artificial buyer, and shove the paper mache assets under the proverbial Eurozone carpet.

Having said that, and I mentioned it here, the Belgians and European Union leaders have an insider's perspective on where the money trail is, and understand the Golden Rule: "Whoever has the gold, makes the rules."

http://www.gold-eagle.com/article/mother-all-bank-runs