Ponzi end-game

By | July 5, 2021

The Beginning Of The Ponzi End: The Biggest Holder Of US Debt Is Ben Bernanke

“Well, folks, it’s official – mark November 22, 2010 in your calendars – today is the day the Ponzi starts in earnest. With today’s $8.3 billion POMO monetization, the Fed’s official holdings of US Treasury securities now amount to $891.3 billion, which is higher than the second largest holder of US debt: China, which as of September 30 held $884 billion, and Japan, with $864 billion. The purists will claim that the TIC data is as of September 30, and that as the weekly custodial account shows UST buying continues the data is likely not correct.”