RE:RE:OHH I DIDN'T KNOW THAT, DID YOU?Saw a great analysis of sovereign debt around the world, denominated in US dollars. The US dollar is only becoming ever more entrenched as the world's economy continues to sort out this new reality of unimaginable debt. The most interesting part of the analysis was how to prevent it all from tipping over of course. The most likely? The US Federal Reserve starts buying back up the debt instruments around the world - think of the power that imparts the US as an aside. Then, essentially, the debt is owed to the folks that own the debt.
As the item said, if your left pocket ends up owing your right pocket, just what debt is going to "tip over"?