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Monstrous $4.2 Trillion Added to the Incredibly Spiking US National Debt

serfserf Member Posts: 9,217 ✭✭✭✭
in Politics


And the Wuhan vaccine is going to fix it all up for everyone!, Of course Old sleepy Joe with Yellon and Congress with it generous socialism stimulus plan will stall any sound government fiscal policies for the next 8 years if they keep The White House! It's more smoke and mirrors from The Clowns in D.C.

Go buy some 50 year bonds with negative interest rates folks and don't worry!The USA treasury has it all under control! Your money is safe in the Bank!

serf

https://wolfstreet.com/2020/11/19/who-bought-the-monstrous-4-2-trillion-of-incredibly-spiking-u-s-national-debt-added-over-the-past-12-months-everyone-but-china/

The Federal Reserve became a huge factor.

In Q3, the Fed added $240 billion to its Treasury holdings, bringing the pile to $4.44 trillion (blue line, left scale), a record of 16.5% of the Incredibly Spiking US National Debt (red line, right scale). This is the portion of the US debt that the Fed has monetized. Over the 12-month period, the Fed added $2.4 trillion in Treasuries to its holdings, most of it since Federal Reserve became a huge factor.


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