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Everyone The U.S. Government Owes Money To, In One Graph
If Congress doesn't raise the debt ceiling soon, the U.S. government won't be able to pay its debts. Here's NPR's simple (and complete) illustration to who the government owes money to — all the holders of U.S. Treasury debt, broken down by category and by how much government debt they hold. It would appear the government's ponzi self-financing may be exposed for all to see... (and is it anywonder the Chinese are complaining?)
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They do not owe any money to me.
:)
How is the FED "Federal government"?
Government owes money to...
A more interesting chart would show the total accrued liabilities ~ 175 Trillion.
Try to square that circle.
And the 700 Trillion in derivatives and other vapourware instrumentation. Which are all the debts accumulated over time that aren't honored by accruing interest none the less. All those bad bets, those that weren't written down, eclipse the entire economy of the entire planet for thousands of years. For a single country. One country in 100 years spent the world 4000 times.
We outspent the whole world by a factor of 4K!? Wow, we really ARE exceptional!
Why is the Federal Reserve section posted under Federal Government??!!?!?!?!
Shame Tylers for promoting falsehoods.
Hey thunderchild, I saw your question late the other day. Just my 2 cents but forget about the 10yr from here on out. I actually think in many way's that move up towards 3% was manufactured by the fed. It served their purpose and they own enough of the longer end of the yield curve to prevent a spike up in yields. It is possible that the very short end could in fact riot because the fed owns less of it.
But let's be honest. We have several articles on here today posing the scenario that China is calling for a new reserve currency and they are importing a massive amount of gold to eventully offer a new reserve currency backed by gold. I think it's all bullshit. Until they start seriously dumping treasuries at the same time as publicly updating their gold holdings this will continue. I don't know that there is a true "indicator" that we can look to in the meantime anymore.
Why does the Federal Gov owe anything to the Federal Reserve? Is it "interest" on the ficticious money that was "loaned" to the gov?
Why does the Federal Gov owe anything to the Federal Reserve? Is it "interest" on the ficticious money that was "loaned" to the gov?
Because the Fed is not a part of the goobermint(private corporation of huge banks), and they charge interest on each bill/coin,plus+face value of all notes printed, until they are paid back(as in NEVER).
Statists (Democrats, progressives, etc.) like to parrot the falsehood that the Fed is not part of the Federal government.
In Lewis v. United States, the 9th Circuit stated that: "The Reserve Banks have properly been held to be federal instrumentalities for some purposes." Federal Reserve member banks have elements of private ownership but also elements of Federal instrumentality.
But of course with the president nominating its management and the Congress's confirming them, it is clear that the Fed is controlled by the Federal government. This is fascism -- private ownership with State control. Fascism is Statism is Progressivism. The differences are minor and technical. They all share the love of control by the Total State.
Progressives hate it when you point out that the Fed is part of the Federal government, because Progressives love the Total State. If you are a Progressive, you have to Iove the Fed.
Yeah doesn't the Fed liability belong under the "Rich Europen Families and other Cartels" heading?
Just call it the Rothschild's family cut and be done with it.
Joint ownership.
Good question. Shouldn't the FED be under Foreign because is is owned by foreigners like BIS and the Rothchilds, and the English Crown and the Jesuits, etc, etc.
usdebtclock.org
And a live comprehensive look.
They do not owe any money to me.
:)
You are ONE of the VERY few DoChen.
That was rhetoric, smile. Of course they actually DO owe me as I have unexpired Treasuries...
But the good book (in the NT, some translations) says:
"As we forgive our debtors..."
***
So, .gov, keep it! I would gladly trade your debt to me just to get (TF) out of my hair! In fact, you do not even have to get out of my hair (though I wish you would), KEEP the debt you owe me!
I find it interesting that "Individuals" is listed in a brown-colored box...and wonder if that's a subtle way of saying "you ain't gettin' shit"...
Now that you mention it...
You know what's next for O'dictator wannabe. forgive the SS and Fed liabilty....boom, then he's got another 4 Trillion or so to burn before hitting the debt ceiling again.
"RACIST"
What do you mean "they don't owe any money to me?"
What about all of that Social Security upon which you are no doubt relying to keep your body and soul together from when you turn 65 until 95 or so??
Huh? What about that money?
What about all of those ObamaCare dollars?
Oh. And then the ObamaPhones. But they are not fungible. (Or are they?)
Neither my wife nor I are eligible for Social Security (I would have to "work" for two and a half more years) nor Medicare. Obamacare will not be there for me.
Nor can I even get a lousy Obamaphone!
She and I are on our own.
But this only represents that owed to planet Earth.....
And I am obligated to pay all of those entities back because the Government says so.
Screw'em all. Most of all the EBT slaves.
I don't owe anything to anyone.
Correct.
The federal government owes it.
You pay everyday with the effects of $80-100/bbl of oil, then price inflation from the debt hangover. You can't cure the hangover unless you stop the drinking the debt cocktail.
wow...imagine defaulting on the whole thing. "just start issuing a new currency backed by oil reserves and teslas."
Just issue a new currency with Obama's face on it. I mean, the guy got a nobel peace prize! We can trust him!
They don't owe shit to the FED.
Perhaps not, sensu-stricto, but this may also depend who the "US Govt" actually is, and represents, and which US 'Govt' the author refers to, as arguably, there's more than one of them. Thus the FRB may accurately be considered part of the alternate expropriative 'continuity' format of that, the titular 'US Govt' .. by ... default.
On behalf of the Caribbean Banking Centers I would like a cashiers check for the balance owed by next Friday.
And they owe me a trip to the guillotine as well.
and what was used to buy all those bonds?
i could never figure out how the money supply
could increase so dramatically if the bond purchases
were actually made with money. where does it come from
if the bonds support the federal reserve notes or like
emergent instruments?
.
i smell a deep shadow ponzi, all day, everyday.
Coming from the National Progressive Radio [NPR]. Shocking, I tells you. Who looted the Social Security Fund? What colored box should the Affordable Care Act be?
/sarc
Wait.
You mean there is no actual money in the Social Security Fund? ;-)
Atomizer
Shocking indeed, smile. I missed that NPR source above, + 1 for alertness.
Yep. This is how the peasants are going to paint a Kenyan ass to the wall. When he starts barking about serfs not getting their SS check if the debt ceiling is not raised. The first question to ask.. Why has my money been removed from the Social Security trust? Can you show me the signature of the elected servant who removed the fund monies?
i think this is the part during Monopoly (or Risk) where everyone starts over ...............JUBILEE !!!!
I'll take the 90 days risk w/o electricty for $500 alex.
It is not like the FED has to issue gold to pay that chump change off. They could buy it all up tomorrow if they wanted to.
Anyhow NPR is not a credible media organization.
If they had to issue gold... and they will at some point, THEY'VE GOT LISTS of who bought gold. Bet on that.
The soviets had lists for everything... some people on those lists waited 10-15 years to get arrested BUT IN THE END THEY WERE.
You betcha it's gonna happen in the US. At some point, people are gonna be rounded up to get their gold... and at first it'll be silent... but when it breaks, the MSM will say that only rich people got gold... or terrorists...
The only question... is... will Americans coward like the Russians did under Stalin and take it like good little slaves... (even if there were a few revolts)
Or will Americans fight like at the creation of America?
All my gold and silver was lost in a tragic blimp accident.
I also lost all my cash because I put it all into bitcoins then lost the private keys.
Buy low, sell high.
IMF Distributes US$1.1 Billion of Gold Sales Profits in Strategy to Boost Low-Cost Crisis Lending to Low-Income Countries
http://www.imf.org/external/np/sec/pr/2012/pr12389.htm
is this on the books ???........where is the off the books chart ???
Send Ameriakn College Kids to work
At Fukishima
Foxxconn
pay off the debt somewhat.
Send Politicans to Syria and Iran labor camps
Send whore House Staffers to the border to protect. Give a bottle of water . Make em walk from DC to AZ , pussies.
Have a look on how the IMF is still using the old Carbon Tax Credit model to create money out of thin air. The IMF counterfeit monies are referred to as SDR credits.
http://www.imf.org/external/np/exr/facts/sdr.htm
Ex French PM Dominque de Villepin calls for new world financial order at a meeting in HK to promote a new Chinese Notational group advocating a new reference money, incriminating the debt tsunami of the FED $ system. This is the first time a top western diplomat openly advocates BREAKING the USD hegemony to the benefit of the Chinese financial system.
M. Villepin défend un nouvel ordre économique... pour le compte d'une agence chinoise
Un média chinois appelle l'économie mondiale à se "désaméricaniser"
The Treasury can service the existing debt without a raise in the debt ceiling. The issue is SPENDING, which needs to be cut dramatically.
You don't say. The fed budget would need to be cut 30-40% overnight which is WAY MORE than the government being shut down OR the sequester... the face meltdowns on Obamabots forums will be epic. You betcha these people will riot...
Perhaps. But that's what we have FEMA camps for ;-)
Ahem. Ahem. Excuse me if I am repeating myself Kyle, but I feel it neccesary to do so. "Weirmerica".
Our CPA tells us that in spite of the 5-figure we paid in taxes to the IRS, that we now owe thousands upon thousands more.
Whereas we owe the State Gov only 1/10 of the amount 'owed' the Fed. It turns out that, had we decided to "have a mort-gage", we would have received this amount back, instead of "owing" it. IOW, our decision to not have "Debt" and choosing to rent, means that renters (who cannot deduct rent from taxes) are supporting those who do have mortgages. Put another way, the Fed/IRS Ponzi is such that it rewards those who help the FRB systems with Debt, and punishes those those do not.
In the metaphor of my Avatar, I am on the verge of loading the fucking photon torpedoes and everything the Enterprise has at these parasitic leaches, these vampire squids. If I could. That's how hopping mad I am.
I can assure you that I will NOT be here next fucking year.
Fuck you Obama, fuck the you Dems, fuck you IRS, fuck you Fed! Fuck you NSA, fuck you CIA, fuck you DOD! Fuck the lot of you!
The only goddam thing I'm "prepping" for, is how to get the hell out of this ravenous, diseased cesspool. You can run what's left of "the country" into the ground, for all I care. It just won't be with my material or financial support.
My leaving will be the ultimate "starve the Beast".
Your point about mortages and their part in the debt ponzi scheme is correct. The "mortgage interest deduction" for federal tax purpose was NEVER ever about helping Americans fulfill the American dream. It was ALWAYS about incentivizing Americans to load up on debt.
If the Politicians were sincere about the "American Dream" crap then I dare a single politician out there to do this one thing.
Tear up the mortage interest deduction component of IRS law and substitute it for EQUITY deduction. Yes "EQUITY" represents a share of ownership, not debt/interest. For every DOLLAR an Americans puts into the EQUITY of their home, they receive a 50 cent tax CREDIT.
This should be part of the million human march on Washington. The American Dream is not to become debt slaves!!
@ Captain Kirk of the USS Entreprise! Sir!
There are a group of us (me for one) here at Zero Hedge who are always interested in people's thoughts of leaving for other countries.
Please feel free to share your thoughts on the pluses and minuses of candidate countries.
And you people think this is OK? What a fucking disgrace this goverment is!
The Federal Reserve post belongs in the "Foreign" category.
"The first big victory of the big bankers recorded in December 1913, when under Woodrow Wilson administration, the control of dollar finally passed to the big private banks through the Federal Reserve Act. For the record, the final signature by the president Wilson came just two days before the Christmas holiday of 1913, if this means something. Thus, the US central bank continued to be "Federal" only by name, since the complete control of the quantity and flow of money, finally passed into the hands of the big bankers."
"If one take a look at the data, can see that the share of the US government debt held by the "Federal" Reserve reached record levels in 2011, reaching 11.2% of GDP, the highest since 1940 onwards, and possibly the historically higher. In 2012, this rate was also high at 10.6% of GDP. Only once this figure reached such levels, in 1946, i.e. shortly after the end of WWII, when it reached 10.7% of GDP."
http://failedevolution.blogspot.gr/2013/10/new-deal-vs-obamacare-one-rea...
Fucking deadbeats. Pay off your debt dipshits.
NPR does not seem to know that the Federal Reserve is not part of the government?
why would someone vote this down?
Long term the price of energy and scarcity of resources (as now) will be the major issue facing countries. Having a strong currency makes those things cheaper.
It affects exports, but being able to provide energy needs to 1.3 billion people is First order of business. With a weak currency enegergy cost are very high and get added back into export costs in anycase, whilst the populace a screwed down by high domestic energy costs.
Big deals going forward for an overpopulated and increasingly fractious world:
Food access and costs, energy costs, essential resource costs
The guys with the more stable (gold backed) currency are going to do the better business. Holding a gold back currency makes you feel more compfortable than an ever depreciating fiat note.
China knows that in the future it needs a strong/stable/reliable currency to feed and energise its people. Thats the long term competition between countries.
The US/West is transferring its wealth at discount to the East.
The writing is on the wall for the US/Europe fiat. The Euro can never work, the USD has gone off a cliff and can only look forward to recurrinig currency dilution for ever and ever...or economic collapse and reset. There is no escape now - there is no growth high enough in the world to bail out the US, whose industy has been exported in anycase.
So during economic diabolical times what do you want to hold.... a gold backed currency, or one where new currency is printed in increasing quantities each month, just to stay afloat.
Resource depletion, especially oil, isn't a long or short term concern. It's an immediate concern. It's why the USA wages war. It's why the national debt is inserviceable. It's why everything is now going to hell in a handbasket..
http://www.youtube.com/watch?v=u15gkXPnC1U&list=RD02h6FnMKx5crs
J.J. Cale - A Thing Going On
Barry promised every American $3,000 bucks for 'Thingamajigs'....where's my dough?
Odious debt so fuck it.
and the IMF's advice (Christine Lagarde) is Raise the debt ceiling?
First time I have heard the IMF instructing a slack-alice country to keep digging.
The bank sector (Fed+commercial banks) must not be allowed to charge interest on base money that is created out of thin air and lent into existence to expand deposit money. They should be allowed only to create the principal. The non-bank sector on the other should be able to lend at interest, because they do not create money out of thin air - they have real opportunity costs for lending their limited funds out (i.e. do not have power to print base money).
If this simple reform was passed, debt would still exist, but at a much more manageable level. That is the fundamental fraud of the monetary system - the Fed and banks creating money out of nothing by lending it at interest. They should only lend the principal in the economy. It is this interest component that is the reason why wealth is getting sucked out of the 99% to the 1% and accumulating.
Today is 100 years since that fraud was passed during Xmas in 1913....