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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (54407)	2/21/2006 3:26:30 PM
From: sciAticA errAticA	Respond to of 110194

Relevant factors of the American economic crisis - Newropeans Magazine - newropeans-magazine.org <snip> "... LEAP/E2020 anticipate that these two non-official decisions will involve the United States and the world in a monetary, financial, and soon economic crisis without precedent on a planetary scale. The ‘monetarisation’ of the US debt [[ elimination of M3 ]] is indeed a very technical term describing a catastrophically simple reality: the United States undertake not to refund their debt, or more exactly to refund it in "monkey currency". LEAP/E2020 also anticipate that the process will accelerate at the end of March, in coincidence with the launching of the Iranian Oil Bourse, which can only precipitate the sales of US Treasury Bonds by their non-American holders. In this perspective, it is useful to contemplate the following information[7]: the share of the debt of the US government owned by US banks fell down to 1,7% in 2004, as opposed to 18% in 1982. In parallel, the share of this same debt owned by foreign operators went from 17% in 1982 up to 49% in 2004. Question: How comes that US banks got rid of almost all their share of the US national debt over the last years? < good chart of ownership of US public debt >