[dennisw]

Haven’t we been selling bonds to ourselves for a long time now? The Chicoms refused to buy them several years ago, I thought.

1. The Federal Reserve is the largest buyer of US Bonds (US Treasury notes)
2. The Federal Reserve is a privately owned bank so we are not selling bonds to ourselves
3. The Chinese do not buy our bonds anymore
4. Since 2010 China has decreased its ownership of US bonds
5. ---
6. ---
7. lastly---- The Federal Reserve seems friendly enough right now but being a privately owned entity that can and will turn around and bite us some day and the FR can make all kinds of demands on the Federal Government due to the money owed them
8. Maybe they will demand Federal lands in Alaska and California where you can drill and exploit oil reserves

[yorkiemom]

Thanks for the facts.