FedRes Has Bought More U.S. Gov’t Debt This Year Than Treasury Has Issued !

• The world has just about had enough of US debt and are starting to dump. He who dumps last is left holding the ticking time bomb! A massive fall in the value of the dollar!
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  Fed Has Bought More U.S. Gov’t Debt This Year Than Treasury Has Issued! 
  by Terence P.  Jeffrey, http://cnsnews.com/ 
  (CNSNews.com) – So far this calendar year, the Federal Reserve has bought up more U.S. government debt than the U.S. Treasury has issued.
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  On Dec. 31, the total debt of the U.S. government was $16.4327  trillion and then-Treasury Secretary Tim Geithner announced that the  government had hit what was then the legal debt limit. Last week,  however, Congress enacted a law to suspend the federal government debt  limit until May 18, 2013, and allow the administration to resume  increasing the debt.
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  By the close of business on Wednesday, Feb. 6, according to the U.S. Treasury, the total federal debt  had climbed to $16.4799 trillion—an increase of $47.2 billon for the  calendar year.
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  At the close of business on Jan. 2, the Federal Reserve had owned  $1.661 trillion in U.S. Treasury securities. By the close of business on  Feb. 6, it owned $1.7172 trillion—an increase of $51.1 billion for the  calendar year.
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  Thus, the Federal Reserve’s purchases of U.S. government debt in this  calendar year have exceeded the Treasury’s net debt issues by about  $3.9 billion. Also last week, the Federal Reserve announced that it “will  continue purchasing additional … longer-term Treasury securities at a  pace of $45 billion per month.”
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  If the Fed continues to purchase $45 billion in additional federal  debt each month in 2013 it will buy up another $540 billion in federal  debt this year alone.
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