quote:

Originally posted by culorut Yes I did read it. The Feds own all the of Public debt (5.8 Trillion) The Intragovernmental debt is partially owned by foreign banks. This means that foreign banks own 3 out of 11.5 Trillion dollars of the national debt. They also own 3 out of 5.8 Trillion dollars of public debt. This means the FED owns roughly half of the total National debt and the charts I posted up are correct. Easy enough. Thanks.

Hahahahahahahaha.

Financial expert culorut showing us what he’s got! Hey man, would you do my taxes this year? You sure seem to be on top of it all.

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quote:

Originally posted by culorut Yes I did read it. The Feds own all the of Public debt (5.8 Trillion) The Intragovernmental debt is partially owned by foreign banks. This means that foreign banks own 3 out of 11.5 Trillion dollars of the national debt. They also own 3 out of 5.8 Trillion dollars of public debt. This means the FED owns roughly half of the total National debt and the charts I posted up are correct. Easy enough. Thanks.

Whaaaaaaaaaaaaat?



Googooly, is that you?

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Yes I know you have no idea how to calculate it.

quote:

Originally posted by pkcRAISTLIN Hahahahahahahaha. Financial expert culorut showing us what he’s got! Hey man, would you do my taxes this year? You sure seem to be on top of it all.

Care to do it yourself and prove it otherwise?

quote:

Originally posted by culorut Care to do it yourself and prove it otherwise?

Dude, just stop. I can appreciate your dedication to what you believe to be a fine cause, but this is becoming a little sad. You have to read the facts and adjust your position sometimes, or else people will think you plain absurd.

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quote:

Originally posted by culorut Care to do it yourself and prove it otherwise?

do my taxes myself? no, i use an accountant, because i know that i am not as capable of doing it myself as a trained professional. you should take a leaf out of my book and leave the number-crunching to people like jerz who do this kind of shit for a living.

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quote:

Originally posted by culorut Yes I did read it. The Feds own all the of Public debt (5.8 Trillion) The Intragovernmental debt is partially owned by foreign banks. This means that foreign banks own 3 out of 11.5 Trillion dollars of the national debt. They also own 3 out of 5.8 Trillion dollars of public debt. This means the FED owns roughly half of the total National debt and the charts I posted up are correct. Easy enough. Thanks.

WOW - how about (quoted directly from the treasury citation):


"As of May 31, 2009, Intragovernmental Debt Holdings are owed to the following:


SSA: Federal Old Age & Survivors Insurance Trust Fund $2,244,656
OPM: Civil Service Retirement and Disability Fund 705,023
HHS: Federal Hospital Insurance Trust Fund 317,045
DOD: DOD Military Retirement Fund 247,499
SSA: Federal Disability Insurance Trust Fund 211,735
DOD: DOD Medicare Retirement Fund 127,349
HHS: Federal Supplemental Medical Insurance 63,006
DOE: Nuclear Waste Disposal Fund, DOE 43,782
DOL: Unemployment Trust Fund 38,141
OPM: Employees Life Insurance Fund 35,773
OPM: Postal Service Retiree Health Benefits Fund 32,979
HUD: Federal Housing Administration - Liquidating Account 20,051 FDIC: Deposit Insurance Fund 17,589
DOL: Pension Benefit Guaranty Corporation 16,198
OPM: Employees Health Benefits 15,631
Treasury: Exchange Stabilization 15,102
DOS: Foreign Service Retirement & Disability Fund 15,030
Other Programs and Funds 121,198]
Total Federal Debt Held By Federal Entities 4,287,787"


Additionally, the fed debt is considered a component of the 7 trillion debt held by the public (a separate category from above), and, again the link provides:

"The Federal Reserve Banks (FRB) owned $1,114 billion of Federal Debt securities Held by the Public as of May 31, 2009."

I guess you're simply going to believe whatever you want.

quote:

Originally posted by jerZ07002 "The Federal Reserve Banks (FRB) owned $1,114 billion of Federal Debt securities Held by the Public as of May 31, 2009."

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quote:

Originally posted by Lebezniatnikov Dude, just stop. I can appreciate your dedication to what you believe to be a fine cause, but this is becoming a little sad. You have to read the facts and adjust your position sometimes, or else people will think you plain absurd.

No really can you prove me wrong in what I just posted showing that the FED's own roughly half of the National debt without just posting to a link. Show to everyone you understand it and are not just reading it.

Can you do the math yourself and prove the numbers wrong?

quote:

Originally posted by culorut No really can you prove me wrong in what I just posted showing that the FED's own roughly half of the National debt without just posting to a link. Show to everyone you understand it and are not just reading it. Can you do the math yourself and prove the numbers wrong?

seriously, i said your chart was probably accurate as of june 2008, but you are reading it incorrectly. intergovernmental debt is debt between US FEDERAL GOVERNMENT AGENCIES (for your own sake, just read the link and see my post immediately above this) and the treasury (e.g., a t-bill owned by the SSA), not the US federal government and foreign governments. When the fed is lumped in with other government agencies the debt owned by those agencies isn't magically owned by the fed (charts don't have that kind of power).

quote:

Originally posted by culorut Can you do the math yourself and prove the numbers wrong?

lol, why should he bother? jerz has been proving you wrong this whole time and you

a) dont understand a single thing he says

b) ignore it anyway

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