24 September 2010
Did you know over half of the national debt is owed to the private central bank Federal Reserve?
Posted by admin under: Politics .
United States public debt
http://en.wikipedia.org/wiki/United_States_public_debt
“As is apparent from the chart, a little more than half of the total national debt is owed to the “Federal Reserve and intragovernmental holdings”.”
It is clear as day we do not owe most of our debt to China, but to the corrupt money changers called the Federal Reserve. Who creates money out of thin air and loans it to us with interest.
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3 Comments so far...
windfall Says:
24 September 2010 at 4:48 am.
the federal reserve has the power to pop out bills like ghetto mamas pop out babies, so yes they do have power and besides they are basically the law, so who’s to stop them?
Change Now Says:
26 September 2010 at 1:04 pm.
and who are the owners of the Federal Reserve Bank?
gray shadow Says:
29 September 2010 at 5:22 pm.
Did you know you’re wrong ?
Intragovernmental holdings include all the agencies. Here is a report which breaks it down for you:
As of September 30, 2008 (in Millions of dollars)
SSA: Federal Old-Age and Survivors Insurance Trust Fund $2,150,651 (i.e. $2.1T)
OPM: Civil Service Retirement and Disability Fund 714,850
HHS: Federal Hospital Insurance Trust Fund 318,741
SSA: Federal Disability Insurance Trust Fund 216,487
DOD: Military Retirement Fund 215,949
DOD: DOD Medicare-Eligible Retiree Health Care Fund 112,726
DOL: Unemployment Trust Fund 72,432
HHS: Federal Supplementary Medical Insurance Trust Fund 59,090
DOE: Nuclear Waste Disposal Fund 42,570
OPM: Employees Life Insurance Fund 34,397
OPM: Postal Service Retiree Health Benefits Fund 32,294
FDIC: The Deposit Insurance Fund 29,937
DOL: Pension Benefit Guaranty Corporation 22,367
HUD: FHA – Liquidating Account 19,085
Treasury: Exchange Stabilization Fund 16,847
OPM: Employees Health Benefits Fund 15,563
DOS: Foreign Service Retirement and Disability Fund 14,855
DOT: Highway Trust Fund 12,811
And the Federal Reserve? Right now they own about $450B of the $10T in debt.
BTW, as a Ron Paul supporter myself (he got my vote), it bothers me that so many RP supporters demonstrate such ignorance such things. Just gives the detractors more reasons to marginalize him.
By all means, be an anti-Fed zealot if you wish. But do so based on facts, not fringe web site disinformation.