So, the Fed admits they hold more debt than China. Something just doesn’t add up; The US has 14 trillion of debt. According to this link -
http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt
foreign governments hold about 4.5 trillion. that leaves almost 9 trillion. Who holds that?
“So, the Fed admits they hold more debt than China. Something just doesnt add up; The US has 14 trillion of debt. According to this link -
http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt
foreign governments hold about 4.5 trillion. that leaves almost 9 trillion. Who holds that?”
?
?
?
Great question!!!
Mutual funds and banks, mostly. Think about that. wipe the vomit off your shirt and buy gold. NOW...
When the government eventually defaults on their obligations, these fools are going to lose more wealth than anyone in the history of mankind. It's going to make the credit default swap collapse look like a day on the beach.