Cross-posted by Charleston Voice, 06.11.12
Cautionary reminder: Don't conclude that just replacing Pres. Soetoro with your standard disingenuous republican is the simple solution... not even in the slightest. Furthermore, as all spending bills originate in the House of Representatives, you better look closer at yourself in a mirror. Understood, that's a tough bunker to take as most of 'em are on the take, but that must change before the people can lose their chains.
Posted by Brittany Stepniak - Monday, June 11th, 2012
Cautionary reminder: Don't conclude that just replacing Pres. Soetoro with your standard disingenuous republican is the simple solution... not even in the slightest. Furthermore, as all spending bills originate in the House of Representatives, you better look closer at yourself in a mirror. Understood, that's a tough bunker to take as most of 'em are on the take, but that must change before the people can lose their chains.
Posted by Brittany Stepniak - Monday, June 11th, 2012
The Fed's official monthly
balance sheet shows some interesting statistics regarding the Fed's
holdings of U.S. debt since the inauguration of President Obama...and
the numbers are rather shocking to say the least.
Between January 28, 2009 and April 25,
2012, government debt in our nation has grew from a bleak $10.6179
trillion to a horrific $15.6233 trillion.
In that same period of time, the Federal Reserve's holdings of U.S. government debt have quintupled.
The graph below will give you a better
visual for comprehending just how much the Federal Reserve pays to the
U.S. Treasury (2012 excluded):
When combining our Federal Reserve's
holdings in the U.S. with China's and Japan's holdings, data shows that
U.S. debt holdings increased by $2.2445 trillion since January 2009.
The latest date holdings were recorded in
the U.S. was April 25, 2012. On that date, related data revealed that
the Fed owned five and a half times the amount of U.S. Treasury
securities it owned just one week after Obama took office. On January
28, 2009, the Fed owned $302 billion. On April 25, 2012, the Fed owned
$1.668 trillion!
By the end of this past March, China
reported owning approximately $1.1699 trillion of U.S debt while Japan
held about $1.083 trillion of it...
The chart below compares and contrasts the major holders of U.S. Treasuries up until the end of 2011:
According to CNSNews.com:
The total U.S.
government debt grew from $10.6179 trillion to $15.6233 between Jan. 28,
2009 and April 25, 2012. Leaving out the intragovernmental debt—which
the federal government owes itself—the publicly owned part of the U.S.
government debt has climbed from $6.2955 trillion to $10.8607 trillion,
an increase of $4.5652 trillion.
The $2.2445
trillion of that new publicly owned U.S. government debt that was
purchased by the Fed, China and Japan equals 49 percent of all the new
debt the U.S. government has sold to the public since Obama took office.
Sounds like the Federal Reserve
and our government have a lot of big changes to consider during this
election year if they want to save our country from drowning in the debt
we're swimming in this summer...
