Three Horrifying Facts About the U.S. Debt “Situation”
October 10th, 2010Via: ZeroHedge:
#1: The US Fed is now the second largest owner of US Treasuries.
#2: “There are only about $550 billion of Treasuries outstanding with a remaining maturity of greater than 10 years.”
#3: The US will Default on its Debt
… either that or experience hyperinflation. There is simply no other option.
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