Fed Passes China in Treasury Holdings (Soon Fed will hold more than China and Japan Combined)

Economic Policy Journal ^ | 2/2/2011 | Robert Wenzel

[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.

[dirtboy]

In two years, that could be the denomination of the bills used for toilet paper.

[DannyTN]

Money Supply Chart

[Toddsterpatriot]

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

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

[screaminsunshine]

You mean there is no surplus for them to waste anymore? Soon the Democrats will hate social security. It is costing them money they could use for vote buying.

[KarlInOhio]

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

[Lurker]

The key word was “soon”. Guess you missed that.

[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.

[DonaldC]

If we get that hyper-inflated, we’ll be migrating to Egypt for the peaceful climate there, compared to how it will be here.

[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..............

[Toddsterpatriot]

Soon they’ll hold $1.6 trillion. That is still less than $1.773 trillion. In the future it’ll be less than $1.773 trillion. In the past it was less than $1.773 trillion.

[org.whodat]

Pretty well sums up this story, call the bank and tell them you cannot be out of money you still have lots of blank checks.

[FromLori]

Fed passes China in Treasury holdings

“The Fed is buying Treasury debt under two programmes. The largest is QE2, which began in November and is scheduled to involve $600bn of purchases by June.

It is also buying $30bn of Treasuries a month as it reinvests principal payments from its large holdings of mortgage debt and debt issued by government housing agencies – a programme dubbed QE lite.

http://www.ft.com/cms/s/0/120372fc-2e48-11e0-8733-00144feabdc0.html#axzz1CvUHqQkr

[csmusaret]

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

[FromLori]

You should have a little Fed Troll avatar

[Toddsterpatriot]

[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.

[FromLori]