German Chancellor to Meet with the "Debt President"

topic posted Thu, June 25, 2009 - 11:36 PM by  Thought Leader
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"The world believes that the US is borrowing money from capital markets. It is often said that the Chinese and the Japanese will buy government bonds. But the truth of the matter is that trust in the gravitas and reliability of the United States has suffered to such a great degree that fewer and fewer foreigners are purchasing its government bonds. That's why the Federal Reserve is now buying securities that it has printed itself."

www.spiegel.de/internatio...494,00.html

it's always a good idea to listen to the Germans.
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