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Quote:I'm, first off, curious if this is credible information. I've read other such reports... but it's almost too "movie-like" to be true (Secret conspiracy backdoor investors!!) And, why is national debt/deficit not made a bigger deal of in the USA? I cannot fathom how this is acceptable... isn't this just one huge game of Economical Jenga? Without a 360-degree turn, I can't see how this would not fall apart... and very very badly. Admittingly I'm not an Economist, so maybe someone can enlighten me.
The surprise here is that China and Japan are doing what they said they would do, even selling off some of their holdings. If Japan and China are not buying the government debt, who is buying? The little islands of the Caribbean stand out. Obviously, they are not wealthy nations with the wherewithal to by such quantities for their own natives who are harvesting coconuts. They are acting on behalf of investors from other nations who are passing money through the banks of the Caribbean to make their purchases. Unfortunately, the US Treasury is unable to capture the true source of this money since they only know the first party of their transactions. The most cynical observers offer a theory that the US government itself might be behind these off shore operations to prop up the dollar. They have no evidence, and we are unlikely to ever know.
