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IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued

 
telling it straight

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02/13/2013 10:20 AM

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IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
[link to cnsnews.com]

(CNSNews.com) - So far this calendar year, the Federal Reserve has bought up more U.S. government debt than the U.S. Treasury has issued.

On Dec. 31, the total debt of the U.S. government was $16.4327 trillion and then-Treasury Secretary Tim Geithner announced that the government had hit what was then the legal debt limit. Last week, however, Congress enacted a law to suspend the federal government debt limit until May 18, 2013, and allow the administration to resume increasing the debt.

By the close of business on Wednesday, Feb. 6, according to the U.S. Treasury, the total federal debt had climbed to $16.4799 trillion—an increase of $47.2 billon for the calendar year.

At the close of business on Jan. 2, the Federal Reserve had owned $1.661 trillion in U.S. Treasury securities. By the close of business on Feb. 6, it owned $1.7172 trillion—an increase of $51.1 billion for the calendar year.

Thus, the Federal Reserve’s purchases of U.S. government debt in this calendar year have exceeded the Treasury’s net debt issues by about $3.9 billion.

Also last week, the Federal Reserve announced that it “will continue purchasing additional … longer-term Treasury securities at a pace of $45 billion per month.”

If the Fed continues to purchase $45 billion in additional federal debt each month in 2013 it will buy up another $540 billion in federal debt this year alone...

Last Edited by telling it straight on 02/13/2013 10:22 AM
Anonymous Coward
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02/13/2013 10:31 AM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
bump
Anonymous Coward
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02/13/2013 10:33 AM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
Everything is going as planned for the collapse
Anonymous Coward
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02/13/2013 10:34 AM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
and there is your fake surplus
insertfunnyusername

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02/13/2013 10:34 AM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
5*+pin+bump
Anonymous Coward
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02/13/2013 10:44 AM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
Recovery, bitchez!ohappy
telling it straight (OP)

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02/13/2013 11:17 AM

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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
I'm wondering how long it's going to be before our creditors (China) start demanding payback because we're turning the American dollar into the Zimbabwean dollar.
telling it straight (OP)

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02/13/2013 04:06 PM

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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
5*+pin+bump
 Quoting: insertfunnyusername


5*+pin+bump
 Quoting: insertfunnyusername


Thanks, IFUN!!!
*HEISENBERG*

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02/13/2013 04:35 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
No country in the history of mankind has ever done this and not experienced some sort of collapse.
Anonymous Coward
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02/13/2013 04:37 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
[link to cnsnews.com]

(CNSNews.com) - So far this calendar year, the Federal Reserve has bought up more U.S. government debt than the U.S. Treasury has issued.

On Dec. 31, the total debt of the U.S. government was $16.4327 trillion and then-Treasury Secretary Tim Geithner announced that the government had hit what was then the legal debt limit. Last week, however, Congress enacted a law to suspend the federal government debt limit until May 18, 2013, and allow the administration to resume increasing the debt.

By the close of business on Wednesday, Feb. 6, according to the U.S. Treasury, the total federal debt had climbed to $16.4799 trillion—an increase of $47.2 billon for the calendar year.

At the close of business on Jan. 2, the Federal Reserve had owned $1.661 trillion in U.S. Treasury securities. By the close of business on Feb. 6, it owned $1.7172 trillion—an increase of $51.1 billion for the calendar year.

Thus, the Federal Reserve’s purchases of U.S. government debt in this calendar year have exceeded the Treasury’s net debt issues by about $3.9 billion.

Also last week, the Federal Reserve announced that it “will continue purchasing additional … longer-term Treasury securities at a pace of $45 billion per month.”

If the Fed continues to purchase $45 billion in additional federal debt each month in 2013 it will buy up another $540 billion in federal debt this year alone...
 Quoting: telling it straight


Hey! I've got some debt to sell!!
Anonymous Coward
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02/13/2013 04:42 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
i see this and laugh my ars off inside.... the sheep still deny this is bad after all in college economics this is good right
Resister

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02/13/2013 04:52 PM

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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
No country in the history of mankind has ever done this and not experienced some sort of collapse.
 Quoting: *HEISENBERG*


The ancient Roman Empire comes to mind as an excellent example. They also had an over extended military paid with and increasingly worthless currency and a central governmental control structure that was completely corrupt and dethatched from its incompatibly multicultural citizens.
"God forbid we should ever be 20 years without such a rebellion. The people cannot be all, & always, well informed... If they remain quiet under such misconceptions it is a lethargy, the forerunner of death to the public liberty... Let them take arms... What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants. " - Thomas Jefferson in 1787
my 2 cents
1864 sm. motto, PCGS, MS-63 red

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02/13/2013 04:52 PM

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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
No country in the history of mankind has ever done this and not experienced some sort of collapse.
 Quoting: *HEISENBERG*

Yes, but we're smarter now and oh so enlightened. We have all the answers. sarc/
Patriotism is supporting your country always -- and your government when they deserve it. Mark Twain


Those who beat their swords into plowshares usually end up plowing for those who kept their swords. -Benjamin Franklin
Zombietard

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02/13/2013 04:57 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
Stock up people, when it happens, is going to be fast and hard.
*HEISENBERG*

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02/13/2013 05:03 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
No country in the history of mankind has ever done this and not experienced some sort of collapse.
 Quoting: *HEISENBERG*


The ancient Roman Empire comes to mind as an excellent example. They also had an over extended military paid with and increasingly worthless currency and a central governmental control structure that was completely corrupt and dethatched from its incompatibly multicultural citizens.
 Quoting: Resister


It truly is amazing how much our country resembles ancient Rome in it's final yrs.
Anonymous Coward
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02/13/2013 05:12 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
No country in the history of mankind has ever done this and not experienced some sort of collapse.
 Quoting: *HEISENBERG*


But we got American Idol!

5a
Eagle # 1
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02/13/2013 05:15 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
YES, registar .... Bammy. parasitic politicians are following the SAME path as Rome. Was into the metals market in 1980, and had 40,000 pounds of copper under contract, as the banks were giving $1.10 cents for 100 pennies.

Using my science lab scales and a little arithmetic, I decided the government (i.e. corporation) would HAVE to start making pennies and price of copper would go UP !

Surprise ! The took most of the copper OUT of the lowly penny and substituted other LESS EXPENSIVE metals. I knew they stole the silver out of the dimes/quarters and halves in 1965, but could NOT imagine them taking the copper too !

With a commie/socialist heading the US ship of State straight to the bottom from the Mulatto House, it's the Titanic all OVER AGAIN !

Most people have NO IDEA that if we default, ALL Federal land is pledged as collateral for that debt, via the Breton Woods Agreement ! That's 1/3 of the USA !

THEN, as the feds/state/banksters own your property, house, etc. you better learn Chinese VERY SOON.

Eagle
Eagle # 1
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02/13/2013 05:17 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
Sorry !~ That's Resistor , above. Maybe Alzheimer's has started, lol; and at ONY 85 ?

Eagle
Anonymous Coward
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02/13/2013 05:18 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
ResistEr ! I'm 'gone' .
EndTheFed

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02/13/2013 05:26 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
Gonna be great for people's 401k when this shit collapses.

History will repeat itself, and especially at the rate they keep printing money.
Uncle Alyosha

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02/13/2013 05:34 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
Gonna be great for people's 401k when this shit collapses.

History will repeat itself, and especially at the rate they keep printing money.
 Quoting: EndTheFed


401K = stir
Best Wishes,
Uncle Alyosha

And here's a GLP-appropriate Bible verse (atheists may read, too):

God chose what is foolish in the world to shame the wise, God chose what is weak in the world to shame the strong.

- 1 Corinthians 1:27
Anonymous Coward
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02/13/2013 05:36 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
Recovery, bitchez!ohappy
 Quoting: Anonymous Coward 14317225


I would never adopt the 'recovery position' with the Long-leg' Mack-Daddy in the vicinity...
Anonymous Coward
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02/13/2013 05:40 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
ResistEr ! I'm 'gone' .
 Quoting: Anonymous Coward 7633733


Hey, it will come back to you!
burnit
Buck Zander

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02/13/2013 05:45 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
I'm wondering how long it's going to be before our creditors (China) start demanding payback because we're turning the American dollar into the Zimbabwean dollar.
 Quoting: telling it straight


The U.S. has everything to gain by letting its currency collapse under the already in progress currency wars and then issuing new fiat currency.
There must be a law that people can't lie.
Anonymous Coward
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02/13/2013 05:51 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
Everything is going as planned for the collapse
 Quoting: Anonymous Coward 25801142


Guess we will see May 18?
Anonymous Coward
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02/13/2013 05:53 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
our government buying debt, ammo, drones, AR-15's, etc. This should tell you something.
Anonymous Coward
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02/13/2013 05:54 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
The FED uses money youve been indebted with to create profits for itself. They dont USE their own money.
theyre buying you with you
Anonymous Coward
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02/13/2013 05:55 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
our government buying debt, ammo, drones, AR-15's, etc. This should tell you something.
 Quoting: Anonymous Coward 34303385


FED isnt govt, or didnt you know?
Govt doesnt buy debt, it sells debt and youre the sku
Anonymous Coward
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02/13/2013 05:58 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
I'm wondering how long it's going to be before our creditors (China) start demanding payback because we're turning the American dollar into the Zimbabwean dollar.
 Quoting: telling it straight


no kidding. isn't this cheating BRICS? they just print and pay goons in costumes and pay for people inside their fence to produce more technology to attack people with.

Why do countries even import to the US anymore is what would like to know. we produce nothing beside prisons and spyware. why do they not stop importing food, and everything else. that alone would cripple the US, forget about China's giant military that is now far bigger really, and newer. with millions of soldiers.

WTF is really going on here? if they wanted America defeated, it would be as simple as stop importing to us. But they don't. Tells me that all world leaders are working together under some Umbrella.

I think they profit off of emotional energy. that energy is what money really represents. I think, judging by all of their rituals and religious acts in music, that they are paying entities that we don't see. That is how they stay in power. That is why it is so slow. it is producing emotional energy. not just suffering, but addictions and vices.

why is is in the UN building, Arcane school, Share International, etc. everywhere. zombies only believe in consumption, not the big picture.
*HEISENBERG*

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02/13/2013 06:01 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
Economic facts are racist.

ohappy
 Quoting: Professor Xavier


You're an economic bigot!
Anonymous Coward
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02/13/2013 07:06 PM
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Re: IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued
No country in the history of mankind has ever done this and not experienced some sort of collapse.
 Quoting: *HEISENBERG*


But we got American Idol!

5a
 Quoting: Anonymous Coward 961432


And dancing with the stars and that beaver dude too...

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