Monday, February 21, 2011

Fed Passes China in Treasury Holdings

CHART: Fed Surpasses China In U.S. Treasury Holdings - Home - The Daily Bail
"The Federal Reserve has surpassed China as the leading holder of US Treasury securities even though it has yet to reach the halfway mark in its latest round of quantitative easing, according to official figures."

Wait a minute...Where did the Fed get the money to buy Treasuries? THEY PRINTED IT! It's like sending money you made on your HP Laserjet to your mortgage company, then saying, "Look! I'm paying off my debts!"

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