The Fed Goes Bankrupt.

The fed reserve bailed out wall street. They swapped all their bad debts for fresh treasury bills, and they put all that bad debt on the books of the fed. All that bad debt is worth cents on the dollar. Nobody wants to buy usa debt any more. The us Treasury bond is being vomited from the reserves of countries all over the world. China is getting rid of their debt. Russia's got rid of all their debt. Japan is a huge basket case. You know, japan is actually the lynch pin that holds together this whole global panse because they always had the lowest rates. But that looks like that's also blowing up.

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