Economy Update: Market Meltdown, Debt Infinity, China Dumps US Treasuries, Banker Deaths (VIDEO)

Economy Update 2/19

Greg Hunter – Karl Denninger: Market Meltdown – Triggering Event from Europe, But Think it Will Be Asia | On continued Fed tapering of $65 billion a month to prop up the economy, Karl Denninger of says, “They have to stop . . . people in the Senate know this and if they stand up and say it, the government has to stop borrowing all this money that we don’t have. The Federal Reserve must stop financing the government deficit because it is destroying capital formation and it is destroying savings. . . If anyone stands up and nails Janet Yellen with that, the market goes down 700 points in 5 minutes. . . . A piano is going to fall on the head of the economy. The problem with bubbles is they always find pins.”

Bill Still: Obamacare & Debt Infinity | Could President Obama use the new Debt-to-Infinity bill to boost Obamacare to make it appear successful before the 2014 elections?

Ernie Varitimos: PLEASE SKIP TO 5:15

Gregory Mannarino: Pressure Continues To Build On The Stock Market.

Zero Hedge – China Sold Second-Largest Amount Ever Of US Treasurys In December: And Guess Who Comes To The Rescue | Chinese Treasury holdings plunged by the most in two years, after China offloaded some $48 billion in paper, bringing its total to only $1268.9 billion, down from $1316.7 billion, and back to a level last seen in March 2013!

Fabian Calvo: China Starts Dumping U.S. Dollar

Charlie McGrath: Bankers Dropping Like Flies

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