The Patriot Post: Titanic II — Obama’s Second Term
Newly released numbers show that the Federal Reserve under Obama has become the largest shareholder in U.S. government debt. The Fed owned $302 billion in U.S. Treasury securities in January 2009. That portion rose an incredible 452 percent by April 2012, with the Fed now holding $1.67 trillion. In roughly the same time frame, China’s share of U.S. government debt rose from $740 billion to $1.17 trillion, and Japan’s share shot from $635 billion to just over $1 trillion. Together, these three entities possess 49 percent of all the new debt generated during Obama’s term, in which total debt rose 50 percent from $10 trillion to $15 trillion.
Sovereign debt in foreign hands leads to the loss of national sovereignty.
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Shredding machines can do the job !