Direxion Daily Gold Miners Bull 2X (NUGT)

[Watchtower]

The ongoing fight in Washington amounts to horrible marketing for Product USA. Congress and the Obama administration have handed China a megaphone as it calls for an alternative to the U.S. dollar as the world?s reserve currency. China is the single owner of U.S. government bonds, holding $1.27 trillion in June, the latest official reading.
?Instead of honoring its duties as a responsible leading power, a self-serving Washington has abused its superpower status and introduced even more chaos into the world by shifting financial risks overseas,? said an editorial posted Monday by Xinhua, China?s official state news agency, calling also for ?a new international reserve currency that is to be created to replace the dominant U.S. dollar, so that the international community could permanently stay away from the spillover of the intensifying domestic political turmoil in the United States.?

Read more here: http://www.star-telegram.com/2013/10/15/5249698/default-or-not-us-already-has.html#storylink=cpy