Who Owns Our National Debt?

Who holds the biggest part of our national debt? China? Japan?

No, the bulk is owned by the Federal Reserve .

Now,  the central bank owns over $808 billion in treasuries . And it still has over $1.086 trillion of MBS in its portfolio left to sell. Since the middle of August,  the Fed has been buying about $4.35 billion of treasuries a week , a pace that will add another $226 billion to the Fed’s share of the national debt, bringing it up to over $1 trillion by August 2011.

That would be  more than either China or Japan hold , and make the Fed the top holder of the national debt in the whole world.

(Via: The Corner )