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

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cowboy1964
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.

http://cnsnews.com/news/article/us-governments-foreign-debt-hits-record-529-trillion

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

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

think..."Weimar"

JW1178
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.