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Of course, we all know who is buying our own debt --- THE FED. The Federal Reserve, now has 77% of its holdings maturing in more than 10 years.
1 posted on 12/18/2012 8:32:09 AM PST by SeekAndFind
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To: SeekAndFind

Its all Monopoly money!


2 posted on 12/18/2012 8:59:23 AM PST by Bayard
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To: SeekAndFind

China has $3.3 Trillion in reserves and it took 18 months and approval by Canada’s Parliament to allow them to buy a Canadian oil company worth $15 billion.

So it took them that much time and trouble to be able to put 0.4% of their reserves into a “hard” asset.

Makes me think
- There aren’t enough “hard” assets out there for China’s money, let alone other surplus nations
- They are stuck with T-Bills for a long, long time...


3 posted on 12/18/2012 9:18:27 AM PST by PGR88
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