The $1 Billion Armageddon Trade Placed Against The United States

**Frugal** · 07-26-2011, 05:43 PM

Wow...thanks for posting that! It is hard to believe the situation we are in financially in the U.S.

**jteezie** · 07-26-2011, 11:24 PM

That's not very much money for the bond market.

**GrimJack** · 07-30-2011, 09:25 PM

Originally posted by ukgaz View Post

The $1 Billion Armageddon Trade Placed Against The United States

Investors: The $1 Billion Armageddon Trade Placed Against The United States (NYSE:SLV, NYSE:GLD, NYSE:TBT, NYSE:TLT, NYSE:SPY) | ETF DAILY NEWS

That is a lot of money

Want to hear something even scarier? Congressman Eric Cantor owns shares in ProShares Trust Ultrashort 20+ Year Treasury ETF which takes a short position against US government bonds. This means that he has a financial interest in NOT raising the debt ceiling -- in fact I suggest that it is a conflict of interest for him to be involved in the debate.

Heck - why is he in congress at all if he bets against his government.

but that is just me.

The $1 Billion Armageddon Trade Placed Against The United States