Silver as an investment

As China ‘Buys Low’ To Build SPR, Washington Forced To Sell Strategic Crude To Meet Budget

zerohedge.com / by Tyler Durden / 10/26/2015 22:30 -0400

The signs of regime change are everywhere. From embarrassment by Russia’s success in Syria to China’s creation of its own ‘World Bank’ and SWIFT alternative, the trend of de-empirization are growing, but tonight’s news that Washington will sell oil from its strategic reserve in order to meet budget constraints and avoid default (as China takes advantage of low prices to build its own reserves) is simply stunning in its analogy of the shifting world order.

As CNN reports,

Bipartisan congressional leaders and the White House struck a major fiscal deal in principle Monday that would raise the debt ceiling and lift budget caps on both defense and domestic programs, according to congressional sources familiar with the deal.

This deal would avoid a potential debt default on November 3, and it would reduce the chances of a government shutdown on December 11.

READ MORE

The post As China ‘Buys Low’ To Build SPR, Washington Forced To Sell Strategic Crude To Meet Budget appeared first on Silver For The People.