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Top Customer: Under Obama, Fedís Holdings of U.S. Debt Have Jumped 452%
CNSNews.com ^ | 6/7/2012 | Terence P. Jeffrey

Posted on 06/10/2012 8:41:41 PM PDT by Beave Meister

(CNSNews.com) - Since President Barack Obama was inaugurated in January 2009, the Federal Reserve’s holdings of U.S. government debt have quintupled, according to the Fed’s official monthly balance sheet.

On Jan. 28, 2009, a week after Obama’s nomination, the Fed owned $302 billion in U.S. Treasury securities. On April 25, 2012, the latest date reported, the Fed owned five and a half time that much in U.S. Treasury securities--$1.668 trillion.

That is an increase from January 2009 of $1.366 trillion—or 452 percent.

Under Obama, the Federal Reserve has become the single largest owner of U.S. government debt. When Obama entered office, entities in the People’s Republic of China were the largest holders, followed by entities in Japan. At the end of January 2009, China owned $739.6 billion in U.S. government debt and Japan owned $634.8 billion.

(Excerpt) Read more at cnsnews.com ...


TOPICS: Chit/Chat
KEYWORDS: 2012; bernanke; bonds; china; congress; corruption; democrats; economy; fed; federalreserve; fraud; government; japan; liberals; obama; obamatruthfile; usdebt; ustreasurysecurities
God help us all.
1 posted on 06/10/2012 8:41:48 PM PDT by Beave Meister
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To: Beave Meister
probably related too...

And


2 posted on 06/10/2012 8:49:29 PM PDT by HangnJudge
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To: Beave Meister

Where are they shoveling THE MONEY...
Follow the money....


3 posted on 06/10/2012 8:53:59 PM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
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To: Beave Meister

Where are they shoveling THE MONEY...
Follow the money....


4 posted on 06/10/2012 8:54:19 PM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
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To: HangnJudge
HangnJudge, I'm just a poor country lawyer and not too good at math - what do all those squiggly lines mean?

I thought the ChiComs were the largest holder of U.S. debt. Is this worse? I have to admit, it sounds incestuous to me. All this unnatural sex going on - that's the root cause of our problems!



Genuflectimus non ad principem sed ad Principem Pacis!

Listen, O isles, unto me; and hearken, ye people, from far; The LORD hath called me from the womb; from the bowels of my mother hath he made mention of my name. (Isaiah 49:1 KJV)

5 posted on 06/10/2012 8:57:51 PM PDT by ConorMacNessa (HM/2 USN, 3/5 Marines RVN 1969 - St. Michael the Archangel defend us in Battle!)
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To: Beave Meister; tcrlaf; AmericanInTokyo; dennisw; Texas resident; driftdiver; marron; dfwgator; ...
It is so comforting that our great leaders, graduates of our great Ivy League Universities, are screwing things up solving our problems so efficiently. Well Done!
6 posted on 06/10/2012 10:01:02 PM PDT by Chgogal (WSJ, Coulter, Kristol, Krauthammer, Rove et al., STFU. Thank you.)
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To: Chgogal

I wish I could print money to buy debt from the government. I could also just print it to pay my taxes. Heck I really wouldn’t have to print it if I just made it electronically available.

As a matter of fact here is $1,000,000,000,000 to fund the government for about the next 2 month’s. Wow that was simply now to just collect the interest.


7 posted on 06/10/2012 10:14:47 PM PDT by jimpick
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To: HangnJudge

damn good info thanks


8 posted on 06/10/2012 10:28:06 PM PDT by TomasUSMC ( FIGHT LIKE WW2, FINISH LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM)
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To: jimpick

Can you imagine someone having the power to print as much money as they want and STILL NOT BEING TO BALANCE A BUDGET!


9 posted on 06/10/2012 11:00:18 PM PDT by TomasUSMC ( FIGHT LIKE WW2, FINISH LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM)
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To: Beave Meister

There is no human way to fix this. Hate to be like Debbie Downer but there simply is no way.

A world currency and/or war is coming.

Not that either one is going to fix it, mind you.


10 posted on 06/10/2012 11:01:05 PM PDT by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: F15Eagle

Turning back to GOD is the only way out, but I’m afraid our once fine country is too far gone.


11 posted on 06/11/2012 1:22:15 AM PDT by Ann Archy ( ABORTION...the HUMAN Sacrifice to the god of Convenience.)
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To: F15Eagle
yeah...a world currency....that's the ticket!.....”Too big to Fail” on steroids!
12 posted on 06/11/2012 1:45:24 AM PDT by M-cubed
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To: M-cubed

Their “justification” will be the elimination of exchange rates, thereby eliminating the currency-trading and inflation/deflation between countries.

This idea won the 1999 Nobel Prize for Economics.


13 posted on 06/11/2012 1:51:56 AM PDT by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: Chgogal

Well they are sure the Brightest among us,they have gotten away with it for Years.


14 posted on 06/11/2012 4:06:04 AM PDT by ballplayer
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To: hosepipe
This is a ridiculous process. The US has the authority to issue money. If it issued money, it wouldn't have to pay interest or even repay it. Yet instead, the government has been borrowing money from the Fed. Where does the Fed get the money to lend to the government? It just issues it.

So instead of issuing the money itself, the government borrows the money from a private bank which issues the notes and charges us interest. What a racket.

15 posted on 06/11/2012 5:03:06 AM PDT by Sgt_Schultze (A half-truth is a complete lie)
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To: Sgt_Schultze
This is a ridiculous process. The US has the authority to issue money. If it issued money, it wouldn't have to pay interest or even repay it. Yet instead, the government has been borrowing money from the Fed. Where does the Fed get the money to lend to the government? It just issues it.

So instead of issuing the money itself, the government borrows the money from a private bank which issues the notes and charges us interest. What a racket.

We the people of the United States are in hock to a private bank. The Federal Reserve does not work for us. It works for the bankers and the liberal technocrats (Obama types) that get the Fed to force banks to make mortgages for the too poor, the too stupid and the unqualified

16 posted on 06/11/2012 5:45:45 AM PDT by dennisw
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To: All

17 posted on 06/11/2012 6:17:40 AM PDT by Hotlanta Mike (Resurrect the House Committee on Un-American Activities (HUAC)...before there is no America!)
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To: Sgt_Schultze

Boy do you have a lot to learn about the federal reserve..
To start the name “federal reserve” is a wild goose chase..
They(It is) not federal at all.. it is international..

The fed are private (FOR PROFIT) Banks.. with stockholders and everything..
It is a BUSINESS.. like drug dealers to the American people..
except the drug is money.. fiat money.. money they create out of thin air..

At least a drug dealer has to work a little.. and take chances..
The fed takes no chances and does no work..
An even bigger SCAM than Barak Obama becoming President..

Congress distributes “the Drug” and also recovers payment for the drug.. for them..
Payment is called federal TAXES..

YES.. thats right.. I’m talking to you Republicans as well..
You’re just a “high” as the democrats are.. high on “the drug”..

Independants are “enablers” and Libertarians are casual users..

Listen and learn- http://www.youtube.com/watch?v=1o9LGuaxHfM


18 posted on 06/11/2012 10:41:42 AM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
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To: hosepipe
I don't think you read my reply, where I said specifically that the Fed is a private bank. It looks like you also missed where I said the fed just issues the money it lends to the government.

My point was that such a plan is a stupid one as the government could simply issue the money itself and not have to pay any interest to any bank. Your reply appears to agree with me while arguing that I'm wrong.

19 posted on 06/11/2012 11:40:03 AM PDT by Sgt_Schultze (A half-truth is a complete lie)
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To: Sgt_Schultze

I did.. I just used your replay as a “foil”.. for displaying info to Lurkers..
I am however, willing to argue with you about things we both know as true..

You know for the lurkers sakes.. Most are quite “high” and hard to reach..


20 posted on 06/11/2012 11:53:28 AM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
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To: Beave Meister; HangnJudge; spokeshave; FlingWingFlyer; Quix; Alamo-Girl; M. Espinola; whitedog57; ..
Speaks for Itself:

Fed's Wall Street Bailout: A Huge $ 9 Trillion Disaster

21 posted on 06/19/2012 11:10:53 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: Sgt_Schultze
The US has the authority to issue money. If it issued money, it wouldn't have to pay interest or even repay it.

That might be a bit inflationary.

So instead of issuing the money itself, the government borrows the money from a private bank which issues the notes and charges us interest. What a racket.

And then....wait for it....the "private bank" gives all its earnings, after expenses, back to the government. What a racket.

22 posted on 06/20/2012 12:07:07 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: hosepipe
The fed are private (FOR PROFIT) Banks.. with stockholders and everything.. It is a BUSINESS.

That's awful! How much did the "stockholders" earn on their stock last year? How much did the US Treasury earn from the Fed last year?

23 posted on 06/20/2012 12:09:58 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: F15Eagle

“There is no human way to fix this”

Do the same as Germany did, CANCEL THE NATIONAL DEBT!

Everyione holding T bills just is given a lifetime supply of toilet paper!


24 posted on 06/20/2012 12:19:23 PM PDT by dalereed
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To: dalereed

That could happen.

Even so, there’s still the derivatives which dwarf the national debt by a huge margin.


25 posted on 06/20/2012 3:41:53 PM PDT by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: F15Eagle
there’s still the derivatives which dwarf the national debt by a huge margin.

Since derivatives aren't debt, so what?

26 posted on 06/21/2012 7:28:48 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
That might be a bit inflationary.

There is no difference on (money supply) inflation between the federal government creating money through issue and the federal reserve creating money through issue. The difference is that by having the fed do it, we also incur interest costs, which would not be the case through direct issue.

27 posted on 06/21/2012 8:02:57 AM PDT by Sgt_Schultze (A half-truth is a complete lie)
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To: Beave Meister

Poor Bush had to peddle debt it to China.

Baraq and Timmy just hand it to Benny B.


28 posted on 06/21/2012 8:07:45 AM PDT by nascarnation
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To: Beave Meister

Poor Bush had to peddle debt to China.

Baraq and Timmy just hand it to Benny B.


29 posted on 06/21/2012 8:08:13 AM PDT by nascarnation
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To: Sgt_Schultze
There is no difference on (money supply) inflation between the federal government creating money through issue and the federal reserve creating money through issue.

A major difference is actions that could be undertaken if inflation takes off.

If the Treasury issued the money directly, there's nothing the Treasury can do.

If the Fed created the money, they can sell the bonds and extinguish the proceeds.

The difference is that by having the fed do it, we also incur interest costs

Which the Fed rebates, after minor expenses, to the Treasury.

30 posted on 06/21/2012 8:15:20 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: All

Yeah, what could go wrong? lol

http://www.youtube.com/watch?v=rCZRqH7sRyA


31 posted on 06/21/2012 8:04:11 PM PDT by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: Toddsterpatriot

answer: everything...


32 posted on 06/25/2012 7:15:52 PM PDT by hosepipe
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To: Beave Meister
Let's not give all the credit to Obamagabe....there's a whole lot of career politicians that helped him achieve this goal. I will never forgive the republicans in Congress who played tough and then caved for each increase in the limit.
33 posted on 06/25/2012 7:27:22 PM PDT by liberalh8ter (If Barack has a memory like a steel trap, why can't he remember what the Constitution says?)
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To: hosepipe

I know, the Treasury got about $80 billion.


34 posted on 06/25/2012 7:41:03 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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