Japan is #1 US Debt Holder! 02/25/2010
That was the headline on February 19, and it was cheerfully stating that the world still loves our debt. The only problem, the rest of the world does not love our debt anymore as evidenced by the net $54Billion selloff of US Treasury paper by the collective world's central banks. Leading the selloff is the most frightening leader. China. They sold 4.7% or $34Billion. Considering the US needs $1.6Billion this year to sustain our spending habits and lifestyles, who is going to fund this gapping hole. The Federal Reserve of course via the printing press. Time to load up on those tangible goods. The world doesn't believe our lies anymore and they will balk at our debt. When this intesifies as I believe it will over the coming months, watch out dollar, it's a long fall down..... CommentsLeave a Reply | FREE SUBSCRIPTION!Receive Emailed Articles as they are Posted. Click Below on RSS Feed!Jason's Thoughts!My goal is to use this format to bring important and timely ideas to the surface on recent events which I feel will affect all of us financially. ArchivesFebruary 2012 Categories |