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Friday, 4 December 2009

Iceberg..............from Rico

The most dangerous part of an iceberg you just don't see.

Treasury released the Federal Debt Held by Foreign & International Investors (FDHBFIN)recently, and as Obama/Soetero likes to say it was "unprecedented." The magnitude of the current numbers beggar belief. FDHBFIN is nearly 25% the nominal GDP.

The public is largely unaware (thanks MSM), but you can be sure the 'markets' can 'see' what is happening. How long before the Dollar crashes harder than the "Titanic?"

It is not just the banking system that will fail and go bankrupt, but governments will fail and go bankrupt...


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