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Federal Reserve Holding of US Treasury Debt Increased 238% since Obama

February 17, 2012
Posted by Economics9698 @ 19:43 PM

Back in the old days of fiscal sanity this was called monetizing the debt. Printing money to buy debt issued by the government. A horrible practice that leads to runaway inflation.

With millions no longer counted in the work force not receiving a paycheck, employment back to 1990s levels, ignoring food and energy in the official completely arbitrary consumer price index (CPI), we have 3% inflation levels and everything is under control. Move along citizen.

$1.664 trillion and counting. The Fed owns 11% of the US debt. China holds 7.4%, Japan 7%, oil exporters 1.6%, and foreign governments 32% of US debt.

Mitt Romney wants to pick a trade fight with China.

Obama wants to start a war with Iran.

Is it just me or does anyone see this not going our way?

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