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1. Federal Reserve and Intragovernmental Holdings
U.S. debt holdings: $6.328 trillion That’s right, the biggest single holder of U.S. government debt is the Federal Reserve system. The Fed's system of banks and other U.S. intragovernmental holdings accounted for a stunning $6.328 trillion in U.S. Treasury debt in Spetember 2011 (the most recent number available). The amount is an all-time high as the Federal Reserve continues to expand its balance sheet, partially to purchase U.S. government debt securities. About a decade ago, the total government holdings were "only" $2.5 trillion.
2. China
U.S. debt holdings: $1.132 trillion The largest foreign holder of U.S. Treasury securities, China currently has $1.132 trillion in American debt, although it is down from all time highs of $1.173 trillion in July 2011.
3. Other Investors/Savings Bonds
U.S. debt holdings $1.107 trillion With the most recent numbers from June 2011, this extremely diverse group includes individuals, government-sponsored enterprises, brokers and dealers, bank personal trusts, estates, savings bonds, corporate and noncorporate businesses for a total of $1.107 trillion. Although the level of debt held in U.S. savings bonds has remained basically constant since 2000, the broad category of "other" investors has nearly quadrupled since reaching a four-year low in December 2007.
Originally posted by Starchild23
I'd like to know where OP got this from that spelled "September" wrong...
Reason being, most 'official' sources know how to spell.
Originally posted by miniatus
Originally posted by Starchild23
I'd like to know where OP got this from that spelled "September" wrong...
Reason being, most 'official' sources know how to spell.
Official or not, it's still accurate.. though I'm not sure it's startling news.. it's not news at all actually unless you've been living under a rock for the last decade or more
The Saudi's also hold a large steak in our economy
Originally posted by Tw0Sides
The Fed has to buy the Debt. Other countries know the Debt is garbage.
Countries like China are Sellers of US debt.
it's not news at all actually unless you've been living under a rock for the last decade or more
Originally posted by CoherentlyConfused
reply to post by miniatus
it's not news at all actually unless you've been living under a rock for the last decade or more
You'd be surprised at how many people don't understand this. I tried educating my husband on this back about a year ago but he brushed me away like I didn't know what I was talking about. About 3 months ago, he read an article somewhere that lead him to more research and he came to me and said, "Hey, did you know about how the Federal Reserve works? It's crazy! Why are we allowing this to happen?" I'd like to have slapped him. He's a smart guy but he's one to take all his worldly information and news off of MSNBC and the likes.
edit on 2-2-2012 by CoherentlyConfused because: (no reason given)
Originally posted by miniatus
Originally posted by Tw0Sides
The Fed has to buy the Debt. Other countries know the Debt is garbage.
Countries like China are Sellers of US debt.
China is going to implode on itself.. it's bubble is nearly ready to burst.. They artificially inflated there economy by building numerous mega cities ... this provided jobs and kept the money circulating.. but it was a bad bad gamble.. they hoped it would cause a surge in people moving to the country to fill these cities .. which simply did not happen.. the result is that now China has MANY ghost cities that are moden, beautiful .. but vacant .. they aren't getting any return on their extreme investments..
Originally posted by stirling
Maybe the whole situation can simply be remedied by the people as a united group, refusing to recognize debt>>>>money is just figures on paper anyways....
Debt is an artificial construct of the bankers to control the people...
If you were allowed to lend up to ten times the amount of cash you had....simply by writing the debt down on paper, and then collecting interest on the money you loaned out, but didnt have in the first place.
youd be rich too.....
If the money was ficticious in the first place (no actual dollars to show for the figures presented...and this is so)
Then the debt could not have been real in the first place....
The entire economic system is set up to benefit just one tiny percentage of the people.....
The power rests in the masses ...if they refuse to recognise the debt it is in effect cancelled i believe....there is only a contract when there is no fraud involved on either part....
Id say the lenders have broken the contract in many ways ....