Looks like he's talking about US Federal Government debt. But that's just my take. I could be wrong.
If most of our debt is owned by the fed (makes sense since when the government wants to do something it must borrow money from fed, which it does all de time), who really owns the fed?
Does government own government?
“Since people are concerned that ‘X’ will not be provided, ‘X’ will naturally be provided by those who are concerned by its absence.""The sweetest of minds can harbor the harshest of men.”
kelvin_silva:who really owns the fed?
C'mon Kelvin, I've sent you this like 2 or 3 times now...
The Creature from Jekyll Island
Who Owns the Fed?
The Money Matrix series