TAKE A LOOK AT THIS CHART-Guess WHO The US Borrowed The Most $ From-You Are NOT Going To Like It!!! [View All]

[kpete]

Guess who the US borrowed the most from (via Treasuries)? You're going to hate this.

Take a look at this chart:



Now, we've been carrying debt from all these nations for quite a long time. The chunk from China has swelled to a larger size. There are our fellow war criminals, the United Kingdom. You can clearly see why they're going down. Look at all that money they are never going to see again!

Wait... what's this? The Caribbean? Where'd that big chunk from the Caribbean come from? That's new from the Bush years. What's that all about?

Here's the explanation according to one BIS paper I read today -- and brought into sharp focus by international economist researcher, Brad Stetser, who commented on it:
http://www.bis.org/publ/qtrpdf/r_qt0903f.pdf
http://blogs.cfr.org/setser/2009/03/08/the-shadow-financial-system-%E2%80%93-as-illustrated-in-three-new-papers-that-cut-through-london%E2%80%99s-fog/

By the way, US banks were net borrowers from the rest of the world – but most of their borrowing came from a few Caribbean islands – and those islands borrowed heavily from "non-bank" counterparties in the US. The BIS doesn’t think this represents a true external flow: "this could be regarded as an extension of US banks domestic activity since it does not reflect (direct) funding from non-banks outside the United States."

Most of our Bush years borrowing came from the Caribbean? wtf? No wonder the Caribbean hasn't shown up on so many of the Debt stats. Now who has such massive amounts of Dollars in the Cayman Islands? (I'm assuming it's not coming from Haiti.)

Could that be where the defense contractors and our other war criminals and profiteers have hidden all our missing wealth? Hey, maybe the Madoff money is in Treasuries? Where else can you hide $50 billion?

What else can you do with wealth like that but invest it in US Treasuries where no one would think to look? It's such a discrete place to hide....

Until Now!
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much more here:
http://www.dailykos.com/storyonly/2009/3/16/44854/9764/816/709044