Bernanke Bonds: Fed’s Holdings of US Debt Soars 452% Under Obama

0 Posted by - June 11, 2012 - Career & Business, Conspiracies & Scandals, Economics, Money

Barack Obama with Chairma 001 300x180 Bernanke Bonds: Feds Holdings of US Debt Soars 452% Under ObamaSince President Barack Obama was inaugurated in January 2009, the Federal Reserve’s holdings of U.S. government debt have quintupled, according to the Fed’s official monthly balance sheet.

On Jan. 28, 2009, a week after Obama’s nomination, the Fed owned$302 billion in U.S. Treasury securities. On April 25, 2012, the latest date reported, the Fed owned five and a half time that much in U.S. Treasury securities–$1.668 trillion.

That is an increase from January 2009 of $1.366 trillion—or 452 percent.

Under Obama, the Federal Reserve has become the single largest owner of U.S. government debt. When Obama entered office, entities in the People’s Republic of China were the largest holders, followed by entities in Japan. At the end of January 2009, China owned $739.6 billion in U.S. government debt and Japan owned $634.8 billion.

CONTINUED at CNS News.

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