The Federal Reserve Is Now Buying 80 Percent Of U.S. Government Debt
Posted on: January 15, 20101 comment so far
Most Americans have no idea just how bleak the economic future of the United States is. In 2009, the U.S. government was forced to borrow a much, much larger amount of money than ever before. So who did they get that money from? Did they borrow it from the China and Japan like they have in so many other years? Actually, no. In 2009, the Federal Reserve bought approximately 80 percent of all U.S. debt. But weren’t they also the ones selling it? Yes, they were. It is called a shell game and it is now what is being used to fund the United States government.
February 9th, 2010 at 11:14 pm
Very good writing. I am glad your posting that. I hope you can accept my apology for my less good English Skills, I am from France and English is sort of new to me. I will bookmark your blog and keep reading.