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.

[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...

Collapse of the dollar = collapse of all fiat currencies world wide.

Once that is accomplished we will be saved by a new global currency.


So easy to see.

This is the roman empire, just not "our roman empire". Constantine hy-jacked christianity to re-build his empire, and boy did he.

Recovery, bitchez!

They print money to buy debt that was acquired by printed money! GENIUS!

Recovery, bitchez!

its like re-arranging the furniture on the Titanic !!!

You people dont realise -

The moment we settle on other planets and start to harvest raw materials from the solar system - EVERYTHING you have ever known is pretty much obsolete.

We have resources out there that haven't even yet been FOUND to science. Imagine the if we find tons and tons of gold on the moon or on mars.

You people should just calm down man - the economy as a global organism cant ever really crash as we have all the resources yet to be found in the solar system to add to the markets and our economy.

The fact that they are not seeking such resources is where the problem lies. This planet is going to become inhospitable to human life not a question of if but when. No plan in place your truly fucked anyway. Humanity has to start and NOW harvesting the aforementioned resources in the solar system.

As a solar systemic organism it is only then we actually have a chance of survival in the universe anyway.

Regards
Jules

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.

I don't get the gold standard. Why limit your growth artificially like that, especially in an economy where so many need a job and where we have so many tools for small businesses to be created these days. And small businesses create most of the jobs, so there you go. And as far as inflation... is that really an issue as long as the new supply of money creates equal demand via goods and services and people buying them? And it's not like the Fed has done a good job with inflation anyway. See this:

[link to dailybail.com]

One might theorize that the booms and busts are in fact part of the plan to slowly gobble up the economy. Let people build things... take them. Build more.... repo. Repeat forever. Is it really working? No. Why create money as debt and why tie the money supply to a rock that's predominantly elite controlled and whose supply doesn't necessarily grow with the size of an economy anyway? Issue public money. Put in annual limits tied in some fashion to gdp. And perhaps even divide up the money power among all 50 states based on population or something so as to not give all printing power just to the federal govt. I don't know the exact answer, but I think this will allow us to make money servant of humanity instead of the other way around without giving too much power to any one governing body. I sense some good financial minds on this thread.... any thoughts?

you people. it started like this: people used gold coins and solver coins for barter. these satanic dudes came along with a safe and said we will hold those coins and give you paper IOU's to swap as currency so no one steals your coin. Then they said that they could lend out the paper IOU's fractionally, meaning if they had 10 dollars worth of coins in their safe they could print 1000 IOU's and lend them out with interest, putting people in debt to them. They could then seize that debt through labor or by taking shit like land and horses, maybe their young boy for servitutde. that's how all of this started. ok. now they just punch numbers on a screen and own your soul and time.

since you have to continue to work no matter your pay they are not too worried

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.

I've been saying that for years! It's crazy how we're following the same path.