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  1. #1 Israel Has Dumped 46 Percent of Its U.S. Treasury Bills; Russia 95 Percent 
    An Adversary of Linda #'s
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    Aug 2005
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    22,891
    (CNSNews.com) - Foreign ownership of U.S. government debt declined in July for the second straight month, according to Treasury Department data released Friday. Overall, foreign holdings of U.S. debt dropped from an all-time high of $4.5115 trillion in May to 4.4956 trillion in June and then to $4.478 trillion in July.In June and July, President Barack Obama and congressional leaders were negotiating legislation to increase the legal limit on the U.S. governmentís debt. In August, Obama signed legislation that will permit the Treasury to borrow up to another $2.4 trillion.Among major foreign creditors of the U.S. government, entities in Russia led the..

    http://cnsnews.com/news/article/isra...sia-95-percent
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  2. #2  
    LTC Member Odysseus's Avatar
    Join Date
    May 2008
    Location
    FT Belvoir, VA
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    15,638
    This is bad. The value of the dollar is a function of the money supply and the demand for dollars, or US treasury bills, which are backed by the dollar. The supply is going berserk thanks to Bernanke and the Fed, now the demand is dropping. Expect serious inflation in the next few months. The one good thing is that if it hits before the election, Obama will be toast.
    --Odysseus
    Sic Hacer Pace, Para Bellum.

    Before you can do things for people, you must be the kind of man who can get things done. But to get things done, you must love the doing, not the people!
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  3. #3  
    Sonnabend
    Guest
    Colonel, he IS finished/toast/whatever. Game over. He was a lame duck 12 months ago.
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