And this is where is will all start to fall apart for those using the US system. Australia is about to get into a big mess too. watch your super people before the government decides it requires it for the good of the country.
The U.S. Government Defaulted in October, 2013.
By JC Collins
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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