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 )
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