In our previous post, we opined that precious metals were positioned for a massive short covering rally. That set us to thinking about the largest short postions in history. There is only one contestant.
The US government (and the taxpayer) owns the largest short position in the history of the world...and it is growing. That short postion is in health services through Medicare and Medicaid. It is trillions and trillions of dollars and dwarfs the next biggest short position. That would be for pensions via Social Security.
This is the prime example of our poor financial governance. Support the reform of tax and spend throught the Hedge Tax.