UK increased buying of US Treasuries ? [View All]

[jakeXT]

http://www.treas.gov/tic/mfh.txt

As an aside, one reason that I suspect the Federal Reserve is reticent to be audited concerns the UK purchases of Treasury bonds. One might wonder how an island nation that is mired in a deep and profound fiscal crisis finds itself in a position to buy so many Treasury bonds. Where did the money come from?

While part of the answer lies with the fact that the UK banking center often operates as a pass-through for other entities (like Saudi Arabia, for example), it could also be operating on the behalf of other official parties. Like the Federal Reserve, perhaps? While that is rank speculation, it would certainly be nice to have a simple audit put such nagging worries completely to rest.

http://www.chrismartenson.com/blog/dollars-treasuries-and-indebtedness/26572