Top Customer: Under Obama, Fed’s Holdings of U.S. Debt Have Jumped 452%

CNSNews.com ^ | 6/7/2012 | Terence P. Jeffrey

[Beave Meister]

(CNSNews.com) - Since President Barack Obama was inaugurated in January 2009, the Federal Reserve’s holdings of U.S. government debt have quintupled, according to the Fed’s official monthly balance sheet.

On Jan. 28, 2009, a week after Obama’s nomination, the Fed owned $302 billion in U.S. Treasury securities. On April 25, 2012, the latest date reported, the Fed owned five and a half time that much in U.S. Treasury securities--$1.668 trillion.

That is an increase from January 2009 of $1.366 trillion—or 452 percent.

Under Obama, the Federal Reserve has become the single largest owner of U.S. government debt. When Obama entered office, entities in the People’s Republic of China were the largest holders, followed by entities in Japan. At the end of January 2009, China owned $739.6 billion in U.S. government debt and Japan owned $634.8 billion.

[Beave Meister]

God help us all.

[HangnJudge]

probably related too...

And

[hosepipe]

Where are they shoveling THE MONEY...
Follow the money....

[hosepipe]

Where are they shoveling THE MONEY...
Follow the money....

[ConorMacNessa]

HangnJudge, I'm just a poor country lawyer and not too good at math - what do all those squiggly lines mean?

I thought the ChiComs were the largest holder of U.S. debt. Is this worse? I have to admit, it sounds incestuous to me. All this unnatural sex going on - that's the root cause of our problems!



Genuflectimus non ad principem sed ad Principem Pacis!

Listen, O isles, unto me; and hearken, ye people, from far; The LORD hath called me from the womb; from the bowels of my mother hath he made mention of my name. (Isaiah 49:1 KJV)

[Chgogal]

It is so comforting that our great leaders, graduates of our great Ivy League Universities, are screwing things up solving our problems so efficiently. Well Done!

[jimpick]

I wish I could print money to buy debt from the government. I could also just print it to pay my taxes. Heck I really wouldn’t have to print it if I just made it electronically available.

As a matter of fact here is $1,000,000,000,000 to fund the government for about the next 2 month’s. Wow that was simply now to just collect the interest.

[TomasUSMC]

damn good info thanks

[TomasUSMC]

Can you imagine someone having the power to print as much money as they want and STILL NOT BEING TO BALANCE A BUDGET!

[Ann Archy]

Turning back to GOD is the only way out, but I’m afraid our once fine country is too far gone.

[M-cubed]

yeah...a world currency....that's the ticket!.....”Too big to Fail” on steroids!

[ballplayer]

Well they are sure the Brightest among us,they have gotten away with it for Years.

[Sgt_Schultze]

This is a ridiculous process. The US has the authority to issue money. If it issued money, it wouldn't have to pay interest or even repay it. Yet instead, the government has been borrowing money from the Fed. Where does the Fed get the money to lend to the government? It just issues it.

So instead of issuing the money itself, the government borrows the money from a private bank which issues the notes and charges us interest. What a racket.

[dennisw]

This is a ridiculous process. The US has the authority to issue money. If it issued money, it wouldn't have to pay interest or even repay it. Yet instead, the government has been borrowing money from the Fed. Where does the Fed get the money to lend to the government? It just issues it.

So instead of issuing the money itself, the government borrows the money from a private bank which issues the notes and charges us interest. What a racket.

We the people of the United States are in hock to a private bank. The Federal Reserve does not work for us. It works for the bankers and the liberal technocrats (Obama types) that get the Fed to force banks to make mortgages for the too poor, the too stupid and the unqualified

[Hotlanta Mike]

[hosepipe]

Boy do you have a lot to learn about the federal reserve..
To start the name “federal reserve” is a wild goose chase..
They(It is) not federal at all.. it is international..

The fed are private (FOR PROFIT) Banks.. with stockholders and everything..
It is a BUSINESS.. like drug dealers to the American people..
except the drug is money.. fiat money.. money they create out of thin air..

At least a drug dealer has to work a little.. and take chances..
The fed takes no chances and does no work..
An even bigger SCAM than Barak Obama becoming President..

Congress distributes “the Drug” and also recovers payment for the drug.. for them..
Payment is called federal TAXES..

YES.. thats right.. I’m talking to you Republicans as well..
You’re just a “high” as the democrats are.. high on “the drug”..

Independants are “enablers” and Libertarians are casual users..

Listen and learn- http://www.youtube.com/watch?v=1o9LGuaxHfM

[Sgt_Schultze]

I don't think you read my reply, where I said specifically that the Fed is a private bank. It looks like you also missed where I said the fed just issues the money it lends to the government.

My point was that such a plan is a stupid one as the government could simply issue the money itself and not have to pay any interest to any bank. Your reply appears to agree with me while arguing that I'm wrong.

[hosepipe]

I did.. I just used your replay as a “foil”.. for displaying info to Lurkers..
I am however, willing to argue with you about things we both know as true..

You know for the lurkers sakes.. Most are quite “high” and hard to reach..