Three Horrifying Facts About the US Debt “Situation”

October 7, 2010 11:14

1. The US Fed is now the second largest owner of US Treasuries. 2. “There are only about $550 billion of Treasuries outstanding with a remaining maturity of greater than 10 years.” 3. The US will Default on its Debt….either that or experience hyperinflation.

Phoenix Capital Research on 10/07/2010 at Zero Hedge


That’s right, this week we overtook Japan, leaving China as the only country with greater ownership of US Debt. And we’re printing money to buy it.

So we’re talking about TRILLIONS of old debt coming due in the next decade. The below chart depicting the debt coming due between 2009 and 2039 comes courtesy of the US Treasury itself.

So default is in the cards. Either that or hyperinflation (which occurs when investors flee a currency). Either of these will be massively US Dollar negative and horrible for the quality of life in the US. But they’re our only options, so get ready.



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