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BREAKING: Federal Reserve's Ownership of US Debt tops $2 Trillion for 1st Time
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The most effective way to control someone is to have them in debt to you.The Federal Reserve’s holdings of publicly traded U.S. Treasury securities—federal government debt—pushed above $2 trillion for the first time last week, hitting approximately $2,001,093,000,000 as of Aug. 14, according to the Fed’s latest weekly accounting. The Fed’s accounting for the previous week showed that it had owned approximately $1,993,375,000,000 in U.S. Treasury securities as of Aug. 7. Back on Dec. 31, 2008, before the Fed began its strategy of “Quantitative Easing,” the Fed owned only $475.9 billion in U.S. Treasury securities. Since then, the Fed’s holdings of U.S. government debt have more than quadrupled. Launched in 2009, the Fed’s Quantitative Easing (QE) efforts have attempted to stimulate the economy. [ link to www.cnsnews.com] Quoting: DoorBert Just thinking about this makes me sick Doorbert!! I meant this is madness and will bite the whole world in the ass in the future...
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