The Truth They Don't Want You To Know!!!

philosophyofmetrics

UPDATE:  See Addendum – America’s Karma and World War Two Gold Theft

The U.S. Government Defaulted in October, 2013.

By JC Collins

dragon

In essence, China has been slowly buying up the Federal Reserve for some time now.  If you can call it a purchase.  Its more of a negotiation over assuming the liabilities of both the Federal Reserve and the U.S. Treasury.

The Federal Reserve is the largest holder of U.S. debt at $2.1 trillion.  China is second at $1.3 trillion.  Think of it as the United States government doing a debt consolidation of all its treasury bonds because it can no longer pay or service the debt.

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