Death By Numbers

[David Guyatt]

Okay, well our own Federal banks hold a half trillion in debt… gee, I wonder how much foreigners hold of our debt?



Ah ha! Foreigners hold nearly SIX TIMES the debt as our own “Federal” banks – niiice.

So the bulk of Federal debt - via US Treasuries - are held overseas by foreign governments. In other words we should be looking not at the US abilities and US households to repay this debt, because it is de facto the indebtedness of the industrial world.

In other words, we're all going to be paying off this debt for decades to come.

This brings me back to a comment made over 100 hundred years ago (in 1891) by Cecil Rhodes to his Secretary W T Stead about the long-term plan of his secret society which he proclaimed was aimed at “…gradually absorbing the wealth of the world…”*.

Sounds eerily familiar now doesn't it.

However, Rhodes plan was, back then, aimed at bringing the US back into the British fold. But then one might argue that things change...

*Referenced only (and thus easily missed) in the endnotes of Chapter Three of Carroll Quigley’s The Anglo-American Establishment.