Town Square

Post a New Topic

Is the Federal reserve building a house of cards?

Original post made by jimf01, another community, on Apr 15, 2014

The news today is that the 3rd largest holder of US debt is Belgium. Maybe that doesn't sound newsworthy, but we do know that the country of Belgium is far too small to hold $341 billion in US debt.
So the question needs to be answered, who is using Belgium as a front? If in fact it is the Federal Reserve that is doing this, we literally have our currency being used to build a house of cards. If the Fed is printing US money and buying US debt through a 3rd party, they succeed only in temporarily propping up the currency.
A harsh breeze, generated perhaps by a major terrorist attack or even a shooting war between Russia and the Ukraine, could take this house of cards down.
Web Link

Comments (1)

Posted by Name hidden
a resident of Ridgeview Commons

on Jun 5, 2017 at 5:11 am

Due to repeated violations of our Terms of Use, comments from this poster are automatically removed. Why?

Sorry, but further commenting on this topic has been closed.

GE's re-organization reaches San Ramon digital headquarters
By Tim Hunt | 3 comments | 1,751 views

Sound and Fury over Vile and Slur-ry
By Tom Cushing | 60 comments | 968 views

New state housing requirements could affect Pleasanton
By Jeb Bing | 0 comments | 324 views