~*~Mining and Metals Du Jour~*~

[srm4u]

8/31/17

The Financial Times reported last week that the Federal Reserve owns more than 14 percent of the US total public debt. That’s not so bad compared to some other central banks, like the ECB and Bank of Japan, which have much bigger exposure. Even England, culturally similar to the United States, has 25 percent to 30 percent of its government debt owned by the Bank of England.

That’s just bonds. The Bank of Japan is buying shares of Japanese companies, and is now a top 10 shareholder in 90% of Nikkei stocks. The Swiss National Bank is a big buyer of billions of dollars of US stocks.

http://www.newsmax.com/Finance/AndrewPacker/crash-markets-stocks-finance/2017/08/31/id/810956/