It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by zeeon
The original WSJ article (not sourced in the OP) states this happened last year. We just found out about yesterday (the 27th) because they had to report it.
Is this how BO thinks he can save the economy? Really bro? After the stimulus in '08, '09 and '10 failed, you secretly convinced the FED to eat up and subsidize 61% of our debt? SERIOUSLY?
I was waiting for a sign that the economy was on a downward spiral. I think it's time to start prepping.
Originally posted by Xcathdra
10 hours in the field is not the same as 10 hours in neurosurgery is not the same as 10 hours on police patrol.
Originally posted by Kovenov
reply to post by ModernAcademia
Buying is an interesting choice for a word to describe what the Fed is doing. I only wish the article would have clarified what the Fed is buyiing U.S. debt with (e.g. chickens, scalped tickets, escort services, wool jackets, whatever).
Originally posted by Leftist
The fed prints money, not the treasury, as most people think. It is SUPPOSED to be the treasury, but Woodrow Wilson, traitor that he was, turned it all over to the fed.
So, now, the government issues debt and the fed prints the cash.
Originally posted by ModernAcademia
WSJ: Fed Buying 61 Percent of US Debt
(visit the link for the full news article)
The Federal Reserve is propping up the entire U.S. economy by buying 61 percent of the government debt issued by the Treasury Department
"This not only creates the false appearance of limitless demand for U.S. debt but also blunts any sense of urgency to reduce supersized budget deficits."
foreign investors like Japan and China that once scooped up U.S. debt are shunning it. In 2009, such foreign purchases of U.S. debt amounted to 6 percent of GDP and has since falled by over eighty percen
Originally posted by User8911
Originally posted by Leftist
The end of capitalism as we know it!
End the monetary system!! End this madness killing us all called profit!
Oh...and we could also change the people that led us to this point.
Contrary to what they WANT us to believe, human being are smart enough, evolved enough and have enough empathy to make the whole system work. Most people in the world are not evil and racist.
We do not need bankers and corporations slaving us more and more trough inflation.
Originally posted by CosmicCitizen
Hmmmmmmm. I wonder what would happen if the Fed was dissoved after it's 100 year tenure?
"second verse, same as the first, a little bit louder and a little bit worse." Herman's Hermits
12 USC § 341 - General enumeration of powers
Upon the filing of the organization certificate with the Comptroller of the Currency a Federal reserve bank shall become a body corporate and as such, and in the name designated in such organization certificate, shall have power—
First. To adopt and use a corporate seal.
[color=limegreen]Second. To have succession after February 25, 1927, until dissolved by Act of Congress or until forfeiture of franchise for violation of law. .....
Originally posted by taskforce4256
reply to post by Fitch303
After the crash happens, people will yank them out of their limos and tear them apart like rotisserie chickens. You'd have to hang the body parts separately.