https://www.youtube.com/watch?v=SqltKQcQu1k
Take a look. I've seen several videos on this, and none look overblown.
Here, Cayman Islands is the 3rd biggest foreign consumer of UST debt.
But then, the Fed reports they had been undercounting Cayman Islands purchases (why?).
Suddenly, it isn't just larger, it's massive. Who in the Cayman Islands is buying all this? It's mostly U.S. hedge funds.
Why else would our largest debt buyers be in the Cayman Islands? Why would they use the Euro currency and leverage 100 : 1 ?
It's a hand grenade laying on the table and there's no pin in it.
