Official Fed Reserve/US Treasury Report On Foreign Ownership of US Bonds
I signed up for the Federal Reserve and the Treasury Department's list of people who get their statistical releases instantly. Yesterday, I got the first, new joint Fed/Treasury statistical report which is a break down of how much US assets, equity and debts are owned by which foreign powers and pirates of the Caribbean. The numbers are dire! This situation is totally, nearly hopelessly out of control. Both the percentage and gross amounts are rising at a rapid pace. In particular, the people who own our government debt are our top trade rivals and even outright challengers to US global power. Um, this should be a flashing red light, eh? Instead, the people issuing this report will work with politicians to insure next year's report is even worse.
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