What entity holds the most U.S. government debt? [Archive] - Glock Talk


View Full Version : What entity holds the most U.S. government debt?

08-16-2012, 14:41
It's not China. It's not Japan. It's not any other country.

It's the Federal Reserve. No wonder they don't want to be audited.


08-16-2012, 15:00
That's one checkbook that will never be balanced.:whistling:

08-16-2012, 16:15
it worked out so well in the past, now didn't it?


08-16-2012, 16:28
The government prints money through the Federal Reserve and they count it as a "loan" so that it won't result in inflation. In all reality we don't have to pay that money back, but we have to make it seem as though we are going to in order to make the debt valid. If we keep growing it eventually nobody will honor the value of the dollar, which is already starting to happen.