All truth passes through 3 stages: 1)It is ridiculed 2)It is violently opposed 3) It is accepted as self-evident.....Schopenhauer
This document is, amazingly, not heavily read. Page 20 is worth a gander but also pages 45-48 as discussions of the liability side of the Balance sheet rarely give equal time to the asset side. (note to "dollar crashing" hyperventilation ) Net Position is the "bottom line" with all additional notes and fudging.
And then there's this: which illustrates my heavily ridiculed - if intentionally provocative - "Parkhurst Corollary: Economic knowledge is inversely proportional to concern for public debt."
and this: (and that jean pisani-ferry guy) http://www.project-syndicate.org/focal-points/the-great-debt-debate
Financial repression is a choice...revolution takes guts