The top ten treasury bond holders was announced today.
Federal Reserve | 42.19% |
China | 7.55% |
US Investors | 6.92% |
Japan | 6.91% |
Pension Funds | 5.61% |
Mutual Funds | 4.36% |
State & local governments | 3.23% |
United Kingdom | 2.86% |
Banks | 1.90% |
Insurance Companies | 1.67% |
All others | 16.34% |
In the last US Treasury auction, it was reported that the Federal Reserve purchased 91% of the long term Treasury bills and bonds that were issued. China has obviously significantly reduced the amount of money it is loaning the US and the Federal Reserve has replaced them as our largest holder of our debt.
So it appears that no one is willing or able to loan us money any more. So we are now totally dependent on the Federal Reserve counterfeiting enough money to finance our deficit.
Do you know what this means?
