Posted on 09/22/2013 3:06:19 PM PDT by Olog-hai
The same day that the Federal Reserve’s Federal Open Market Committee announced last week that the Fed would continue to buy $40 billion in mortgage-backed securities (MBS) and $45 billion in U.S. Treasury securities per month, the Fed also released its latest weekly accounting sheet indicating that it had already accumulated more Treasuries and MBS than the total value of the publicly held U.S. government debt amassed by all U.S. presidents from George Washington though Bill Clinton.
Since the beginning of September 2008, in fact, the Fed’s ownership of Treasury securities and MBS has increased sevenfold.
As of the close of business Thursday, the Fed said, it owned approximately $2,052,055,000,000 in U.S. Treasury securities and approximately $1,339,771,000,000 in mortgage-backed securities—for a combined total of about $3,391,826,000,000 in Treasury securities and MBS. …
(Excerpt) Read more at cnsnews.com ...
Focusing on government shutdowns and debt ceilings is absurd in the face of this, never mind all the other liberal-agenda sicknesses.$3.39T Quantitative Explosion: Fed Owns More Treasuries and MBS Than Publicly Held Debt Amassed From Washington Through Clinton
Perfect Ponzi scheme.
US dollar is the world`s reserve currency so they can print as much as they like.
Buy your own debt, pump up the DOW and tell everyone the economy is roaring.
If this stuff has any value ten years from now — it will be a miracle.
Borrowing from the Fed means never having to pay it back.
No such thing as the perfect crime. Why else are other countries scrambling to replace the dollar as the world’s reserve currency?
Shur her down. We are through.
Uh!
That`s the ONLY point at which the Ponzi crumbles, when reserve status is lost.
THEN the whole thing implodes and the USA will end up either a 3rd world s-hole or in chaos. Chaos, meaning a revolution, general anarchy and violence or a civil war .
This will ultimately collapse the entire market. All of them world-wide. There’s going to be hell to pay for the communist idiot running our nation into the ground.
How in the world did they get it set up to go around the constitution and allow the fed to do any of this?
next pres by eo should void that debt.
The FED is waiting for the right moment, when they feel that there can be no more private wealth invested into the market and then and only then will the FED turn off the pump and POOF! every body's money is gone and the financial system as we knew it is gone.
Thus setting the stage for the digital dollar, implantable RFID chips and the New World Order.
It makes no sense. It's not even money. It's just a computer entry that's made to pay what the US owes. Then, it's counted as a debt to the Federal Reserve, a private bank. So, the feds just say this stuff exists and we have to owe that much plus interest to private bankers?
Why can't the US just say we're not paying the money "back" to the FederalReserve? And they can say they won't "loan" us anymore.
What a scam, a massive transfer of wealth from the US middle class to the global banking elite.
It is the government laundering money to buy up private enterprises and property. It is a backdoor scheme to implement Communism whereby the government own everything.
Tip of the iceberg. They are lying. Audit them from the outside.
And this is how I think Odinga will try and fund the Government when the debt ceiling is reached.
Start selling these off and crash the market.
Kill two birds with one stone. Final nail in the Republican party and final nail in the American financial market.
Good by America, hello third world country
How in the world did they get it set up to go around the constitution and allow the fed to do any of this?
One small, legal-looking piece of legislation, presidential order, and Supreme Court decision at a time over the past century and longer.
With them owning all of these mortgages, I wonder if they will come knocking if there lots of defaults.
Probably just to help “diversify” things and “level the (Capitalist) playing field”, Obama will authorize Holder to give all Obamaphone “owners” a “FREE HOUSE”.......
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