Sunday, February 10, 2013

Federal Reserve holdings of US debt reach all time high under Obama, Communist China holds largest share of US debt

.
1/24/13, "Fed’s Holdings of U.S. Gov't Debt Hit Record $1,696,691,000,000; Up 257% Under Obama," CNS News, T. Jeffrey

"In data released Thursday afternoon, the Federal Reserve revealed that its holdings of U.S. government debt had increased to an all-time record of $1,696,691,000,000 as of the close of business on Wednesday.
The Fed's holdings of U.S. government debt have increased by 257 percent since President Barack Obama was first inaugurated on Jan. 20, 2009, and the Fed is currently the single largest holder of U.S. government debt.

As of the end of November, according to the U.S. Treasury, entities in Mainland China owned about $1,170,100,000,000 in U.S. government debt, making China the largest foreign holder of U.S. government debt."...via Free Republic. ap photo of Geithner and Bernanke

===============================

8/27/10, "Mullen: Debt is top national security threat," CNN

""The most significant threat to our national security is our debt," he ( Joint Chiefs of Staff Chairman Adm. Michael Mullen) told CNN Wednesday."...

.

No comments: