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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (29927)	8/28/2010 11:45:09 AM
From: Real Man	Read Replies (2) \| Respond to of 71479

The Feds now pretend they don't own the GSE-s, coz that would put US national debt at 130% of GDP. So, the Fed "supports" FNM/FRE MBS, but their debt is in the Caribbean FNM/FRE stock trades at 30c on OB. Funny. Ya, they are a major, major addition to our national debt. The question is, how much longer can they keep S. away from the F.? I don't know the answer. So far so good. Pedaling along with AAA country rating. It's good to be in charge of the ratings game, while we shuffle crap around - monetize some, put some onto the people (national debt), hide some crap in the Caribbean, while trying to blow the asset bubble back up through printing. -NG- While this derivative story is horrible, there is some truth in the statement that it does not really add to the total systemic debt, except, maybe, some international positions. It just enhances both bubbles and meltdowns. That is by no means to say the situation isn't horrible - the debt level is pretty much without precedent on it's own! What, 4x GDP, 5x GDP? Both here and in Britain...