[Lurker]

I wrote myself a check for $10,000,000.00 this morning. What with all the bad economic news I wanted to have some money in the bank.....

[Lurker]

Remember, Social Security, which used to buy up to 25% of all Treasury securities is now a net liquidator of them.

That'll end well, I'm sure.

[DannyTN]

Money Supply Chart

[Toddsterpatriot]

(Soon Fed will hold more than China and Japan Combined)

Ummmm....1600 is less than 1773 (896 + 877).

[KarlInOhio]

When will kids in Zimbabwe show off their US trillion dollar bills?

[Robbin]

This is the warning shot across the Bow I really think its too late to avert disaster. Time to PREPARE for hyper inflation and economic collapse.

[Red Badger]

known as Soma

Hmm...........Soma was the name of the drug used by the government to keep the people complacent and subservient in Brave New World..............

[csmusaret]

Cue Ernie Ford...”I Owe My Soul to the Company Store”.

[danielmryan]

A side point: if the clime is still favorable for quantiative easing, the Fed could take a lot of the PRC's holdings off their hands in a future QE.

[rllngrk33]

Let me see if I get this.

We now owe ourselves more money than we owe to China.

And this is a good thing because?

Now we can pay ourselves the money we owed ourselves and then use that money we owed to ourselves to pay China what we owe them.

[PGR88]

This proves the point I have made all along - Kill the FED, and you eliminate Government deficits and the ridiculous spending programs that cause the deficits.

Huge deficits like the USA has now only exist because the FED "buys" the debt. Without the ability to run huge deficits, the Government must greatly reduce its activities, and subject itself to the will of the market, and those taxes it can extract from the population. We have already seen that the Government has basically maxed-out what it can take directly in taxes from the people. Now the only way left is to stealthily tax you through inflation.

Looked at another way - this proves that the FED is the main pillar of the progressive movement.

The FED should be the main target of all conservatives.

[DallasDeb]

This is a little deeper than my understanding of economics, which is not insignificant. But I don’t understand why this is worse than China holding all our debt. Isn’t it better if the Fed holds it?

[Buckeye McFrog]

Monetary Masturbation Alert...

[mewzilla]

Interesting link....

Origins of the Federal Reserve