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$3.39T: Fed Owns More Treasuries and MBS Than Public Debt Amassed From Washington Through Clinton
Cybercast News Service ^ | September 22, 2013 - 3:47 PM | Terence P. Jeffrey

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 ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events; US: District of Columbia
KEYWORDS: 4trillion; communism; debtceiling; epicfail; fiscalcliff; fraud; govtfraud; obama; obamanomics; ponzischeme; treasuries
Full title:
$3.39T Quantitative Explosion: Fed Owns More Treasuries and MBS Than Publicly Held Debt Amassed From Washington Through Clinton
Focusing on government shutdowns and debt ceilings is absurd in the face of this, never mind all the other liberal-agenda sicknesses.
1 posted on 09/22/2013 3:06:19 PM PDT by Olog-hai
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To: Olog-hai

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.


2 posted on 09/22/2013 3:08:50 PM PDT by Para-Ord.45 ( Americans, happy in tutelage by the reflection that they have chosen their own dictators.)
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To: Olog-hai

If this stuff has any value ten years from now — it will be a miracle.


3 posted on 09/22/2013 3:09:05 PM PDT by BenLurkin (This is not a statemet of fact. It is either opinion or satire; or both.)
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To: Olog-hai

Borrowing from the Fed means never having to pay it back.


4 posted on 09/22/2013 3:10:31 PM PDT by Hoodat (BENGHAZI - 4 KILLED, 2 MIA)
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To: Para-Ord.45

No such thing as the perfect crime. Why else are other countries scrambling to replace the dollar as the world’s reserve currency?


5 posted on 09/22/2013 3:13:55 PM PDT by Olog-hai
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To: Para-Ord.45

Shur her down. We are through.


6 posted on 09/22/2013 3:14:32 PM PDT by SADMILLIE (r)
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To: Olog-hai

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 .


7 posted on 09/22/2013 3:20:21 PM PDT by Para-Ord.45 ( Americans, happy in tutelage by the reflection that they have chosen their own dictators.)
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To: Olog-hai

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.


8 posted on 09/22/2013 3:25:24 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: Olog-hai

How in the world did they get it set up to go around the constitution and allow the fed to do any of this?


9 posted on 09/22/2013 3:29:08 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: Para-Ord.45
At least until we lose reserve currency status and oil starts being traded in euros, rubles or yuan. Then the whole house of cards collapses.


10 posted on 09/22/2013 3:29:59 PM PDT by KarlInOhio (Why is our military going to be used as Al Qaeda's air force in Syria?)
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To: Olog-hai

next pres by eo should void that debt.


11 posted on 09/22/2013 3:30:46 PM PDT by Principled
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To: Jim Robinson
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.

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.

12 posted on 09/22/2013 3:31:44 PM PDT by bayliving
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To: Para-Ord.45
buy your own debt

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.

13 posted on 09/22/2013 3:32:45 PM PDT by grania
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To: Olog-hai

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.


14 posted on 09/22/2013 3:42:20 PM PDT by CodeToad (Liberals are bloodsucking ticks. We need to light the matchstick to burn them off. -786 +969)
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To: Olog-hai

Tip of the iceberg. They are lying. Audit them from the outside.


15 posted on 09/22/2013 3:43:44 PM PDT by Gaffer
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To: Para-Ord.45

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


16 posted on 09/22/2013 4:00:38 PM PDT by eartick (Been to the line in the sand and liked it)
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To: Jim Robinson
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.

17 posted on 09/22/2013 4:03:45 PM PDT by Standing Wolf (No tyrant should ever be allowed to die of natural causes.)
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To: Olog-hai

With them owning all of these mortgages, I wonder if they will come knocking if there lots of defaults.


18 posted on 09/22/2013 4:05:49 PM PDT by Vermont Lt (Quis custodiet ipsos custodes? Who will watch the watchers?)
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To: All

19 posted on 09/22/2013 4:06:28 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Vermont Lt

Probably just to help “diversify” things and “level the (Capitalist) playing field”, Obama will authorize Holder to give all Obamaphone “owners” a “FREE HOUSE”.......


20 posted on 09/22/2013 4:09:52 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Jim Robinson

Many people American and worldwide used to buy our Obama_gov’t issued Federal debt. The Chinese stopped about two years ago.

So the Federal Reserve (a private bank owned by our largest American banks) stepped into the breach and is buying what the Chinese and others used to

(simplified explanation)


21 posted on 09/22/2013 5:46:39 PM PDT by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: dennisw

More frightening than the Chinese owning just less than 10% of our debt is that the government pension system owns over 1/3rd. That is money that will have to be paid.... round and round we go.....


22 posted on 09/22/2013 7:14:26 PM PDT by volunbeer (We must embrace austerity or austerity will embrace us)
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To: volunbeer

You mean the Federal gov’t pension system? Please clarify.


23 posted on 09/22/2013 7:47:59 PM PDT by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: dennisw

Sorry, had not been around. Should have said the government owns most of our own debt. Social security and various government pension funds own a sizable amount of the debt. If you count social security as a pension fund (most do) it gets pretty ugly to think about default. Other countries own about 1/3rd of our debt.

http://finance.townhall.com/columnists/politicalcalculations/2013/01/21/who-really-owns-the-us-national-debt-n1493555/page/full


24 posted on 09/23/2013 7:24:06 PM PDT by volunbeer (We must embrace austerity or austerity will embrace us)
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