STOCK MARKET WATCH -- Wednesday, 21 August 2013

[Demeter]

32. New record: Federal Reserve owns more than $2 trillion in US debt

I FIXED THE TYPO IN THE HEADLINE...WISH THAT RUSSIA TODAY WOULD, TOO

http://rt.com/usa/fed-reserve-two-trillion-747/

The United States Federal Reserve has set a new record, but it’s not one exactly worth celebrating. For the first time ever, the Fed owns more than $2 trillion in US debt. According to the Fed’s latest weekly account, the central bank currently is holding roughly $2,001,093,000,000 in US Treasury securities. That statistic, first reported by CNS News, was published by the Fed on August 14. One week earlier, the bank reported that it amount of federal debt it owned totaled only $1,993,375,000,000.

By comparison, the amount of federal debt owned by the bank since the start of 2009 and the administration of US President Barack Obama has more than quadrupled. On Dec. 31, 2008 that statistic was less consisted of less than a half-trillion in Treasury securities, but efforts undertaken by the Fed to revive the economy — so called “quantitative easing” — have instead left the bank to bear record amounts of national debt.

China, the second place holder with regards to US debt, was owed $1.2758 trillion by the US as of late June. CNS News reported that only 16.7 percent of the government’s debt is being held by the Fed, and that an additional $5.6 trillion — including the amount held in China — is owned by foreign entities...

..Commenting on the latest numbers, Reason’s Ed Krayewski wrote, “Since the financial crisis of 2008, the Federal Reserve has filled its balance sheet with private assets and public debt through instruments like quantitative easing, and the totals are adding up.”

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HOW WOULD YOU LIKE TO BANKRUPT THE ROTHSCHILDS? JUST REPUDIATE THAT FEDERAL DEBT!