Warnings of this are popping up all over, and I don't think it is scare-mongering. Here the serious and respected GEAB site has an article explaining why the disaster in Japan means so much to the global economy - they were the second-largest holder of US debt:
http://www.leap2020.eu/Global-systemic-crisis-Second-half-of-2011-Get-ready-for-the-meltdown-of-the-US-Treasury-Bond-market_a6091.html
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