Saturday, 26 February 2011

Who owns "US?"..............from Rico

WHO owns US debt today?

Congratulations! The privately-owned foreign banking entity a.k.a. "The FED" apparently does, having surpassed achieving ownership of US Treasurys 37% greater than China! Huzzah!

Now, there are very few things that the FED really has direct control over, and the one certain thing you can point to is our Adjusted Monetary Base. This is what it looks like today. Fugly! Almost as fugly as the FED's Balance Sheet.

Let's return to my original question, just from a different prespective. Ask NOT who owns US debt, but who now owns "us" (we the people)?

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