US Notes - UP?

Thia is a repost
www.globalresearch.ca...
Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt.

When governments go bankrupt it's called "a default." Currency speculators figured out how to accurately predict when a country would default. Two well-known economists - Alan Greenspan and Pablo Guidotti - published the secret formula in a 1999 academic paper. That's why the formula is called the Greenspan-Guidotti rule. The rule states: To avoid a default, countries should maintain hard currency reserves equal to at least 100% of their short-term foreign debt maturities.

The U.S. holds gold, oil, and foreign currency in reserve. The U.S. has 8,133.5 metric tonnes of gold (it is the world's largest holder). That's 16,267,000 pounds. At current dollar values, it's worth around $300 billion. The U.S. strategic petroleum reserve shows a current total position of 725 million barrels. At current dollar prices, that's roughly $58 billion worth of oil. And according to the IMF, the U.S. has $136 billion in foreign currency reserves. So altogether... that's around $500 billion of reserves.

According to the U.S. Treasury, $2 trillion worth of debt will mature in the next 12 months. So looking only at short-term debt, we know the Treasury will have to finance at least $2 trillion worth of maturing debt in the next 12 months. That might not cause a crisis if we were still funding our national debt internally. But since 1985, we've been a net debtor to the world. Today, foreigners own 44% of all our debts, which means we owe foreign creditors at least $880 billion in the next 12 months - an amount far larger than our reserves.

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That is if the Gold is still there.
Maybe the drug dealers will anti up?
What ever happened to that 2.3 Trillion the Military misplaced just before 9/11?

This is really great news!!
Though the Notes themselves are worthless especially as our dollar drops there will be some countries who will really want to buy our debt. China, Iran, Russia, Germany & Isreal will be competing to buy our Notes even at a premium. Get in on the ground floor & buy US debt. You to will be able to say "Bend Over Obama (or Pelosi if that is your thing).
Richest Companies: GE, Royal Dutch Shell, Toyota, Exon, BP, HSBC, ATT & Wallmart, they could pool resources to own 1/12 or more of our debt and really be the Government.

[edit on 9-2-2010 by Doctor G]