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HR 1207 : Federal Reserve Transparency Act 2009 (pg. 37)
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| Lebezniatnikov |
| 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? |
Read the post two above yours, champ. 
It's been there all along, right in front of you. |
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| culorut |
| quote: | | Additionally, the fed debt is considered a component of the 7 trillion debt held by the public (a separate category from above) |
Perfect, the FED owns practically all of the public debt. Thanks for proving me right again. What you are posting is the intragovernmental debt which is partially owned by the FED also so yes you are correct for this half of the total national debt.
The FED owns roughly half of the TOTAL NATIONAL DEBT.
The national debt is comprised of two separate entity's.
Do you people get it yet? |
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| Lebezniatnikov |
| You're like a walking talking facepalm. |
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| culorut |
So far you guys have proven my point correct, intragovernmental debt is partially owned by the FED as I stated below. You guys forgot the other half of the total national debt which the FED owns the majority of.
| 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. |
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| jerZ07002 |
| quote: | Originally posted by culorut
Perfect, the FED owns practically all of the public debt. Thanks for proving me right again. What you are posting is the intragovernmental debt which is partially owned by the FED also so yes you are correct for this half of the total national debt.
The FED owns roughly half of the TOTAL NATIONAL DEBT.
The national debt is comprised of two separate entity's.
Do you people get it yet? |
if it makes you feel better, if you want to say that FED = all federal government agencies, and not the federal reserve banks, then yes, you are correct. Instrumentalities of the federal government own about 50% of all US treasuries. With that said, it does nothing to help your claim that the money is being funneled to banks because the SSA does not give it's interest to citigroup, wachovia, etc... |
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| pkcRAISTLIN |
| quote: | Originally posted by pkcRAISTLIN
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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| culorut |
| quote: | Originally posted by Lebezniatnikov
You're like a walking talking facepalm. |
I can easily say this about the few of you who are completely ignoring the total national debt. It is not just intragovernmental debt which is also partially owned by the FED. |
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| Lebezniatnikov |
| quote: | Originally posted by jerZ07002
if it makes you feel better, if you want to say that FED = all federal government agencies, and not the federal reserve banks, then yes, you are correct. Instrumentalities of the federal government own about 50% of all US treasuries. |
I don't think he could possibly be getting that confused though - what with his insistence that the Federal Reserve is actually a private institution and not a federal government agency at all... right? |
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| jerZ07002 |
| quote: | Originally posted by Lebezniatnikov
I don't think he could possibly be getting that confused though - what with his insistence that the Federal Reserve is actually a private institution and not a federal government agency at all... right? |
i don't know. i'm used to having these types of discussions with highly educated rational people, who see the flaws in their own arguments. |
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| culorut |
| quote: | Originally posted by jerZ07002
if it makes you feel better, if you want to say that FED = all federal government agencies, and not the federal reserve banks, then yes, you are correct. Instrumentalities of the federal government own about 50% of all US treasuries. With that said, it does nothing to help your claim that the money is being funneled to banks because the SSA does not give it's interest to citigroup, wachovia, etc... |
Did you just admit that the FED owns half of the total national debt to me?
LOL
Thank you for proving me right although I will admit you were correct in that they do own (partially) the intragovernmental debt. But as you just said they own really do own 50% of the real total. |
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| culorut |
Which proves that if they own 50% of the total national debt which jerZ07002 just admitted to then the FED own 5 Trillion dollars of it.
The charts are correct.
Thanks fellas. You are the best.
| quote: | Originally posted by culorut
Wrong they own roughly 5 Trillion dollars of the National debt.
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| jerZ07002 |
| quote: | Originally posted by culorut
Did you just admit that the FED owns half of the total national debt to me?
LOL
Thank you for proving me right although I will admit you were correct in that they do own (partially) the intragovernmental debt. But as you just said they own really do own 50% of the real total. |
you really just take from posts whatever you want. In short, i said that FEDERAL GOVERNMENT AGENCIES own about 1/2 of all US treasuries; that much is accurate. That, however, is not the same thing as saying the Federal Reserve Banks own 1/2 of all US treasuries. Furthermore, my last sentence points out one major reason why your argument is not furthered by the fact that 50% of US debt is owned by FEDERAL AGENCIES (which includes, for purposes of your cute charts, the federal reserve banks). That being, the SSA, HUD, and other agencies don't pay interest to citigroup, wachovia, wells fargo, PNC, etc.... Are you really not understanding the distinction between federal agencies and the federal reserve banks?
as i've said a few times before, and as the treasury printed in its monthly report, "The Federal Reserve Banks (FRB) [which everyone calls the FED] owned $1,114 billion of Federal Debt securities Held by the Public as of May 31, 2009."" |
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