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Here’s the problem that the U.S. Fed’s “exit” poses in simple English: Our fiscal 2009 deficit totaled nearly 12% of GDP and required over $1.5 trillion of new debt to finance it. The Chinese bought a little ($100 billion) of that, other sovereign wealth funds bought some more, but as shown in Chart 2, foreign investors as a group bought only 20% of the total – perhaps $300 billion or so. The balance over the past 12 months was substantially purchased by the Federal Reserve.
and bought – you
Originally posted by poedxsoldiervet
Beck had a show early last week that showed who was buying Our Debt, it was real in dept and talk about America going the way of the Wiemar Republic.... Good Find Man.
Originally posted by kozmo
There is no way to avoid it at this point.