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Fed Has Bought More U.S. Gov’t Debt This Year Than Treasury Has Issued
#1
And ya wonder how the market is almost all time high. House of cards.

http://m.cnsnews.com/news/article/fed-ha...has-issued

(CNSNews.com) - So far this calendar year, the Federal Reserve has bought up more U.S. government debt than the U.S. Treasury has issued.

On Dec. 31, the total debt of the U.S. government was $16.4327 trillion and then-Treasury Secretary Tim Geithner announced that the government had hit what was then the legal debt limit. Last week, however, Congress enacted a law to suspend the federal government debt limit until May 18, 2013, and allow the administration to resume increasing the debt.
"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
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#2
The fed actually is holding almost $14 trillion of our own debt. I'm confused why they say the fed owns so little. They have been buying it like no tomorrow for 5 years now.. Well WTF do I know, WTF does anyone know until we AUDIT THE FED!
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#3
ExcelToExcel;76938 Wrote:The fed actually is holding almost $14 trillion of our own debt.

I'll remind everyone the Fed is a PRIVATE, central, FOR PROFIT independent agency. It's like any other bank. They charge interest and we pay for it.
Live Free or Die
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#4
Jon Doe;76946 Wrote:
ExcelToExcel;76938 Wrote:The fed actually is holding almost $14 trillion of our own debt.

I'll remind everyone the Fed is a PRIVATE, central FOR PROFIT independent agency. It's like any other bank. They charge interest and we pay for it.

CDC is the same way. It's not government. It's run by pharmaceutical companies.
Interdum feror cupidine partium magnarum Europae vincendarum
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#5
Jon Doe;76946 Wrote:
ExcelToExcel;76938 Wrote:The fed actually is holding almost $14 trillion of our own debt.

I'll remind everyone the Fed is a PRIVATE, central, FOR PROFIT independent agency. It's like any other bank. They charge interest and we pay for it.

Except.....they have the power to print dollars outa thin air.
Wouldn't that be sweet.
"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
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#6
Jon Doe;76946 Wrote:
ExcelToExcel;76938 Wrote:The fed actually is holding almost $14 trillion of our own debt.

I'll remind everyone the Fed is a PRIVATE, central, FOR PROFIT independent agency. It's like any other bank. They charge interest and we pay for it.

but banks don't get created through government legislation and hold government monopolies on supplying money. Tongue
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