Under Obama, Fed’s Holdings of U.S. Debt Have Jumped 452%

story from CNS News
By Terence P. Jeffrey
June 7, 2012

Under Obama, Fed’s Holdings of U.S. Debt Have Jumped 452%
The Federal Reserve as of April 25th owns $1.668,000,000,000 worth of U.S. Government Securities.

Apparently that puts them over the top for single owners including China and other countries.

Under Obama, this is another record.


I wonder if it's due to decreasing demand combined with the wild binge spending ?

I suspect it is. What else could it be ?

Sounds like fiscal cheating to me.

(CNSNews.com) - Since President Barack Obama was inaugurated in January 2009, the Federal Reserve’s holdings of U.S. government debt have quintupled, according to the Fed’s official monthly balance sheet.

On Jan. 28, 2009, a week after Obama’s nomination, the Fed owned $302 billion in U.S. Treasury securities. On April 25, 2012, the latest date reported, the Fed owned five and a half time that much in U.S. Treasury securities--$1.668 trillion.

That is an increase from January 2009 of $1.366 trillion—or 452 percent.

Under Obama, the Federal Reserve has become the single largest owner of U.S. government debt. When Obama entered office, entities in the People’s Republic of China were the largest holders, followed by entities in Japan. At the end of January 2009, China owned $739.6 billion in U.S. government debt and Japan owned $634.8 billion.

By the end of March 2012, China’s holdings of U.S. debt had grown to $1.1699 trillion and Japan’s holdings had grown to $1.083 trillion.

Together, the Federal Reserve, China and Japan had increased their holdings of U.S. debt by $2.2445 trillion since Obama took office.

Is this Good or Bad ??

On Jan. 28, 2009, a week after Obama’s nomination, the Fed owned $302 billion in U.S. Treasury securities. On April 25, 2012, the latest date reported, the Fed owned five and a half time that much in U.S. Treasury securities--$1.668 trillion.

But now China can bypass Wall Street and buy direct from the Treasury that was given special permission from the current adminstration.

There is a thread on here bout that.

Right along that increase the current administration also gave the Federal Reserve increased powers.

That is a recipe for disaster,.