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How The Fed "Mysteriously" Eliminated $7 Trillion In US Debt
Anyone looking at the Federal Reserve's own data set, that provided with the generous "free" funding of the US taxpayer by way of the St. Louis Fed's FRED database, will notice something quite welcome, if magical: total US debt held by the public - that which is not part of intragovernment holdings, read Social Security - has mysteriously collapsed from $12 trillion to $5 trillion. Somehow, with nobody looking, the Fed managed to reduce US total debt by $7 trillion.
Alas, upon an even cursory examination, what becomes readily apparent is that total US debt, that including the intragovernment holdings, hasn't budged by a penny.
In fact, what has happened is that the brilliant central planners of the US, the people who hold the fate of the world in their monetary policy hands, simply copied and pasted a wrong series into what is probably the most important historical data metric of the US, with data for Total Debt Held By The Public somehow being replaced with the debt from "Intragovernmental Holdings" beginning in Q2 2013 and continuing for the next 4 quarters.
So the next time your favorite credit card company advise that your debt is about 100% higher than where it should be, just copy and paste the wrong total debt number and send it to them as proof of your spending frugality. And just let someone else figure it out.
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Numbers are what you need them to be.
We minted seven trillion dollar coins?
Whose face on the front?
That’s better than Rumsfeld losing 3 Trillion and a Pentagon budget office.
Affirmative action maffs.
this was a good find
nice job
I don't get it .
Is it a mistake or is this an Onion sarc?
#smartestguysintheroom
all is well. Time to buy moar stocks.
Debt is just some number in a computer, they can cancel all of it and all will be well.
SURE... Why Pay Any Interest To Joe Public (even at 1%), If You Can Keep It ALL Between Friends.
Corruption Has Never Been In A Healthier State...
AND Yes, They Are All Just Virtual Numbers Stored On A Harddrive...
"Debt is just some number in a computer" - True
But also..
Debt is just a four letter word.
Gee. might be able to make a song out of that.
Perhaps they are just floating a trial balloon of their plan to default on internally held US debt.
Erasing 7 trillion debt is about as deflationary as it gets. It would crash the markets once word gets out and all would go into cold hard cash holdings.
Fuck you Belgium, we don't need your charity.
Fed gives, Fed takes away. Great thing about paper money is its easily. printed and easily burned
Whaddayamean easy? You have to be very careful as you count how many times you pressed the zero key. Pressing it once too many times could be disastrous!
WTF, I thought they had found some old Spanish Galleon full of gold bitcoins...
Oooops! /sarc
Once would be a glitch.
Twice would be upsetting.
Three times would be a proble.
I think it would take at least four too many times to be disastrous.
Iraqi Dinar currency reset.
10 trillion Iraqi dinar now counted as assets.
Heh, heh.
Problem, paper, solution.
Where did they get $7 trillion to pay off $7 trillion????
"Created into existence" much like what banks do when you recieve your Serfdom "home loan"
I heat up, I can't cool down
You got me spinnin'
'Round and 'round
'Round and 'round and 'round it goes
Where it stops nobody knows
Abra-abra-cadabra
I want to reach out and grab ya
Abra-abra-cadabra
Abracadabra
http://www.youtube.com/watch?v=OMvGkBdV_OU
Hocus Pocus.... Baby!
Q: Doesn't ANYBODY give a rat's ass anymore?
A: Well those fuckers in ISIS seem pretty serious.
"Caring When it Matters"
Your ISIS Freedom Friends
What is hysterical, John McCain in photos giving big hugs to ISIS. Egypt, Syria, etc.http://countercurrentnews.com/2014/06/isis-post-pr-photos-they-took-with-john-mccain/
Yah. And Bush said the Constitution is "just a fucking piece of paper." Too much paper all around. Burn it. We'll be fine.
And Obama has put that to the test. So far flying colors for the TPTB!
http://www.factcheck.org/2007/12/bush-the-constitution-a-goddamned-piece-of-paper/
Roger that. thanks. Deeds speak louder than words, anyway.
Ponder the possibilities... if only just ;)
And if everything fails you print some more...until the final wake up call..
If the Fed which owns nothing, produces nothing, and has no creditors can loan $7 trillion to the US Treasury they can just as easily forgive the entire $7 trillion loan. No one looses right? Except perhaps the other holders of treasurys and eventually the entire global monetary system. But that is so out there in the future Tomorrow I'll think of some way . . . after all, tomorrow is another day.
Trial balloon?
yes, notice that the data on the Fed's website has reverted. I suspect a number of trials shortly.
YES IT WAS!
Nope. COMMON CORE MATH!!!!
$2 Trillion, but close enough in this era of QE++
"That’s better than Rumsfeld losing 3 Trillion and a Pentagon budget office."
We know what happened that time. Glad I don't work in the FRED office in St. Louis.
What a waste of money that would be. All you need is one seven trillion dollar coin.
We can strike a Gazillion Dollar coin and demonstrate to the rest of the World that our financial house is in order...
Given that "Social Security - has mysteriously collapsed from $12 trillion to $5 trillion.", on behalf of Soc.Sec. recipients, I'll ask the awkward question...
"Dear SSA,
Are you saying The check's in the mail? or has Global Warming melted the Frozen Assets?"
Sincerely, a troubled pensioner"
Dear troubled Pensioner,
Do Not Panic. The Check is indeed in the Mail. Unfortunately some of the Frozen Assets have become less frozen, due to Financial Global Warming caused by increased BS2 levels.
The NSA informs us you stayed at the Holiday Inn last night at PDX. And just like you kept your word, when you told Mrs. Kirk that you “wouldn’t come in her mouth”, we too will keep our promises on matters of liquidity.
Enjoy your recovery and remaining retirement.
Sincerely,
Your SSA
Hahaha, that was just a test.
If nobody will notice, next time they will put it to zero!
Dear Pensioner,
we've sent some ebola virus with this check, as we've studied ancient greek philosophie, with regards to Eunthanasia.
Thanks for being supportive.
A four-headed Volcker-Greenspan-Bernanke-Yellen hydra.
Too graphic. That is a nightmarish sight to behold.
Paging williambanzai7
The last time I wanted to buy a Banzai print, I was short on cash. If he makes this, I will certainly buy.
Heil Hydra
Digital fiat Assets: Easy come, easy go.
Real Assets: Hard to get, easy to lose.
Hedge, Plan and Act accordingly. - Kirk out
Looks sorta like this...
ahh, remember the days of the debt ceiling. Good times, good times....
the new GAAP
Welcome to the matrix MF'ers! None of the "money" is real. And it can manipulated in any way they see fit. The Fed isn't ever going to allow this to implode without a fight.
Right, it could be Mad Max within a mile of the Eccles building - heck, Baghdad Bob/Ben/Janet could have tanks rolling right on down by them on Constitution Avenue (ironic), and they would DENY it and claim that the economy was in a period of moderation...
RaceToTheBottom;
Well if the Fed Sold off US Gold & German Gold after Rehypothicating it... Might be they deliberately didn't post the true Public Debt in FRED(only to post it recently).
Kinda matches what Glenn Beck is talking about in this video (but he seems to know only as much about gold as me):
https://www.youtube.com/watch?v=iM4s3LYZQHM
Glenn Beck: What really happened to the German gold housed in the United States?
...but damn the FED for making the USA a Target of Europe...And the Germans in... a political fight for Ukraine!
Audit the FED. Show Europe the US can control it's government & Central Bank!
Or they will blame us much more harshly next year!
Sounds like a definition got changed. Or somebody just plain fucked up.
They're sending a message. If the government says they owe you half of what you think they owe you, well, that's how it's gonna be.
Right, it's a proactive adjustment with a 50% debasement.
reduce all mortgages and other loans by 50% is making $8/hour the new $16/hour min. wage
theoretially they could have done this in Weimar too but decided to print instead
Weimar is SO 1921...
Debt? What debt? There is NoDebt .
but who gives a flip the debt clock remain 17.67 and ss still 15 I see no change that article full of shitsky
Once again I see it from a different Paradigm...
Per Kirk's Rules 1 & 2 regarding Asset Ownership (of Fri, 08/22/2014 - 16:44 | 5131460):
Law of Possession & Ownership #1: In a Law-abiding society, possession = 90% of the Law
Law of Possession & Ownership #2: In a Lawless society, possession = 100% of the Law
Plan and act accordingly. IOW, in a case of Good, Better, Best, where you never know what kind of Society you'll be in when it really counts...
It is good to have the right bits of paper. It is better to have the Assets. And it is best to back them with Arms, and... Allies/Brothers in Arms, before you all end up in Dire Straights.
p.s. TPTB live by these two rules. Why do you think they got the iMIC?
What?! How did that happen? Looks the same to me http://www.usdebtclock.org/
The incompetence is mind boggling.
Motherfucker!
Thought we had a debt jubalee there for a second...
Ah yes, the sound of trumpets!
Kirk's Razor: Do not attribute to Bureaucratic Malice that which can adequately be explained by Incompetence, and
Do not attribute to Incompetence that which can adequately be explained by Greed.
I was hoping it was a Double-Irish or someother tax-debt deferment delicacy.
Maybe the ECB bought it all up ?
Oh, so you're saying it was an ERROR. Uh huh. At this point, peg whatever number you want, wherever you want. Won't make a lick of difference to what comes next.
Maybe the Fed finally decided they are a government agency after all, and the debt they hold is not public. I suspect they are going to write all that garbage off anyway at the same time they let rates rise. At a 6% interest rate, we would be paying out about 1 trillion a year in interest on 18 trillion in debt.
Pure fiat
No debt Burden
Whats not to like?
i know i feel better
I know I feel better, I just dumped a big old Krugman in the toilet.
My urine was rather Yellin this morning.
I hope you remembered to wipe your Biden.
No big deal .
... when the real number is $T 210 incl. liabilities.
Heh, good point. Then again, when it's just pensions and retirement funds for a bunch of powerless old people, who cares? It's not like they're anyone important like foreign banksters. THOSE need to get PAID, so they'll get officially counted. (Well, sort of counted....)
its mathmagic.
"Mathmagic" you say? [cue riff from song "It's a kinda magic" for Jeopardy clip]...
Alex, I’ll take “What’s the difference between the Fed and a Counterfeit Currency Operation?” for $7 Trillion, please.
Debt forgiveness to the elite. For the proles, not so much.
Debt Jubilee is for Club Members only!
p.s. It's a small Club, and you ain't in it.
Thank you, Mister Carlin.
Technically, he said that "It's a big Club...". I claim it's a "small Club..." ;-)
But you are correct in that I was alluding to Philosopher Carlin, who is one of my favorite philosophers, and whose name and Ode I'd like to add to Monty Python's "Philosopher Song"
Back in the days when people paid attention to / believed government numbers, the Hedge would have received a journalism award of some kind for exposing this.
These days? Truth only matters in the world of the "fringe". Most of us are simply accustomed to lies from government. We expect lies and as a result, pay very little attention to official, 'taxpayer-supported' numbers and studies anymore.
Stories like this, of exactly how FAKE the propaganda is, get skipped over or yawned at.
God DAMN I cannot wait for this fake bankster currency, and its whole sick social order, to fall.
5 of 5. Fine job Tyler Durden.
I think it will morph, not fail. Or more precisely, since 1913 it has 97% failed. But they will try to kick it a few more times, maybe into the SDR.
As they have shown, when you control the definition of success, boom, you are a winner!
It's no different than any other number in today's world. They are all manipulated bullshit for mass consumption, and that includes these phony markets. The BernankenYellenStein already knows where the "market" is going to end the year.
The reduction in debt by nearly two thirds, obviously reduced by Obama's sage policies, will produce a collective orgasm at the Huffingtonpost.
the national debt went up by a trillion from Oct 1 2013 to now, but the kool-aid media says the deficit is only going up 500 billion.
Now we get to find out who our real friends(i.e. creditors) are...
My question is simple, does this mean that we can now support a significant rate hike? Think about it, this might be a plan to try and "save face" as it were.
tick tock motherfuckers...
The magic sparkly box says so, therefore it must be true.
Aren't you cats getting sick of being scammed on every move?
We already have to work until we die because we were nice enough to bail everyone out.
Next they’ll adjust the S&P down by 60% one ‘morn just before we wake up.
I have been saying this for quite a while. Look for the mysterious "dissappearing" of debt and outstanding CDS.
Remember, all animals (banks) are created equal but some animals (banks) are "more equal" than others.
Yes. We have reached this stage it seems. We wake up and the rules are 180-degree reversed overnight. Because the attention span of the news cycle has reached approximately a nanosecond, the event and the reversal are instantaneously forgotten. When the food supply breaks down, this will end. For now, people can still eat and "go about their day". Until that stops, it's remarkable to see how much TPTB can get away with.
When I started farming 20+ years ago, my father had told me about farmers in other countries and how they always, always had military connections and had armed and trained their people. It was necessary to simply stay in business. Even my father would say, "that won't happen here", and yet, here we are, doing just that. I know of at least two others arming and training their people as well.
fucking sad.
There is no more right, wrong, good, or bad; just various interpolations and extrapolations of data. The acquiescence of imposed dominion for the sake of trinkets and handouts shows just how pathetic our species has become.
Are you saying we should donate money to local judge campaigns just in case?
See? There's nothing to worry about. The Fed is in control.
The skools can teach the students about the benevolence of such actions. "See how the banks helped you there, junior?"
Nothing to see here folks...move along...
I dont know why they dont revamp the Debt like they did the GDP and at least get rid of a Trillion using Non GAAP standards. Honestly, I am surprised ZH brought up the DEBT anyway, Who really cares about that anymore.
Just pre adjusting numbers for the collapse coming next week.
Is this like all the Sandy Hook memorial web pages that showed up the day before the shooting?
pre-adjusting the numbers for the Nov. elections.: "Look, we've reduced the public debt by $7T under this administration."
the art of doublespeak
The birth certificates of the population had a value on each and they all were sold. Not to the highest bidder however still you are now officially Owned.
This novel is about how the Culture deals with an Outside Context Problem (OCP), the kind of problem "most civilizations would encounter just once, and which they tended to encounter rather in the same way a sentence encountered a full stop."
This is a problem that is "outside the context" as it is generally not considered until it occurs, and the capacity to actually conceive of or consider the OCP in the first place may not be possible or very limited (i.e., the majority of the group's population may not have the knowledge or ability to realize that the OCP can arise, or assume it is extremely unlikely). An example of OCP is an event in which a civilization does not consider the possibility that a much more technologically advanced society can exist, and then encounters one. The term is coined by Banks for the purpose of this novel, and described as follows:
WhooHoo!! Look at all that balance sheet space for direct purchasing of Mortgages and Student Debt!! There may even be room for some helicopter drops in there too.
If the scratches in the sand say it is so, then who cares?
I guess if they can create it out of thin-air, common sense would dictate they can wipe it away just as easy. Should we really be surprised?
Incompetent
Evil
Both
Reminds me of that old saying in statistics, "Figures don't lie, but liars sure can figure."
E=MC3
Poof
No big deal. It happens all the time.
Print money:
http://finance.yahoo.com/news/grubhub-announces-pricing-offering-common-023200279.html
Take the money (top 2 GRUB):
http://finviz.com/insidertrading.ashx?or=-10&tv=100000&tc=7&o=-transactionValue
Pretty soon, it will just be ZERO.
proof to never trust the numbers from the govt
Poof and its gone.
Fine by me. They can keep it. Fuck 'em. When they come calling for money, tell 'em to call the ChairSatan.
The Belgiuns paid it.
The original Joachimsthaler Guldengroschen was 1 ounce in weight (27.2 g) of silver .
Easily worth $7 Trillion of debt .
What would be the impact - does it even really matter?
If congress passed a law - canceling all the US treasury debt held by the FED?
Then also pass a law eliminating all the special purpose notes that have been issued to the SS administration - the social security IOUs for lack of a better term.
Better yet - sell the SS IOU's to the FED at full face value - then cancel them - use the cash to buy back even more treasury debt.
Surplus bitches - creative accounting.
Would the national debt magically be cut by trillions?
I am asking real questions but go ahead and make your answer a joke - I could use a good laugh.
In the end, the Fed is just a printing press. Whatever debt or accounting they can use to facilitate that, they will.
Proving once and for all, that public debt is merely zeroes and ones on a computer spreadsheet. Presto! Fixed THAT problem! /sarc
Does that go for 401K and cash accounts too?
Not necessarily a mistake. Maybe, just simple change in rounding rules?
The debt is now listed under Government Trusts. So it is likely all the UST funds that indivuduals held in their IRAs that have now been transfered by the FED to Government control. Didn't you get that message?
I use whiteout all the time to eliminate my debt. I can always find plenty of whiteout at any office supply store.
Corzinomics.
A new accounting method where you just make shit up and explain bugger all, and if questioned deny everything.
A new chart pattern: the sharkfin
Maybe the Federal Reserve is jealous of the IRS. If the IRS can 'lose' emails, why can't the FedRes lose money?
BTW, don't try this at home. Actions of these sorts are off limits to the sheeple.
It didn't show up in my account but I wish it did.
because credit which is debt owed to someone else and ultimately back to the bank that created it out of thin air to begin with...has two components...since it is based on the compouning interest equation.
the negative = positive equation.
the 0 = 1 equation
the ignorance = bliss equation.
the cause exponential decay or death to power the exponetial growth of life effect.
You all love to see your bank accounts filled with bits of information or 1's and 0's or electromagnetic polarity differentials on hard disk platters...expontially grow more and more...up to heaven...whee.
but where does the power come from?
You all do not care...you all are devout worhipers of the ignorance is bliss religion.
The cause death tyranny and misery under the cover of night to power life liberty and happines in light of day.
Live people are feed into the input of the magic printing press and digested to supply the demand of the output side with more and more 1's and 0's or bits of informtion you believe is money.
people are fed in and out comes soylent green...the favorate food of yield locusts.
Like a modem...or modulator demodulator.
Analog input that is converted into digital output.
Workers for a living or the poor slaves in real hell of the master supply real power in to the master lie believed to be Truth which is converted into fake power to supply the demand of the rich servants of the master lie believed to be Truth to susatin their game playing for a living in fake heaven.
A consumer (you) uses your current income which is composed of previously created out of thin air credit which is debt owed to someone else and ultimately back to the commercial bank that created it out of thin...
Or uses an asset inflated in price by previoulsy created out of thin air credit which is debt owed to someone else and ultimately back to the commerical bank that created it out of thin air...
As collaateral backing your request for a commercial bank to create new credit out of thin air...
That is what you all call a loan or borrowing.
This is how commerical banking as you see it today has worked for over 600 years.
The entire history of the USA and the world was financed this way nanosecond to nanosecond right up to now.
Whenever a consumer (you) requests a loan...the credit supply which is debt owed to someone else and ultimately back to the bank that created it out of thin air used by you all as money.
exponetially grows...expands ...or inflates out of thin air.
But when you pay the loan down or off...The the credit supply which is debt owed to someone else and ultimately back to the bank that created it out of thin air used by you all as money.
expontially decays...contracts...or deflates back into thin air.
take a byte of the hidden fruit of logic and gain awareness of 1 and 0
As long as the depoits are more than the withdrawls...the bank radiates...or is exothermic...like the Sun or absolute 1
But if the deposits are less than the withdrawls...the bank absorbs...or is endothermic...like a black hole or absolute 0
You saw this in 2008...Lehmans gradually exponetially exploded up to the absolute 1 point from out of the absolute 0 point 150 years previously and then violently exponetially decayed or imploded back into the absolute 0 point or thin air basically in the blink of an eye...and sucked everything else attached to it into thin air along with it.
and sent out a hyperdeflationary shockwave out into teh USA and world...and the entire 1944 bretton woods globalist trade systsem all you nationalist are slaves of began collapsing back into thin air where it came from.
As Jim Nabours says...Shazam...
All the Trillions the FED supplied during teh crisis...returned back into thin air virtually as quickly as it was created out of thin air...to fill or plug the hole...
Lets say the Fed reports every 3 months...and they say they have 0 on their balance sheet....and then they expand the credit supply up to 10 trillion by creating a pile of short term loans...that are piad back one day before they report...and the FED balance sheet is at 0 again.
It's like magic...now you do not see it...now you don't...out of sight and out of mind is the religion of teh blind.
The FED is not the supply of credit...They were given the banknote monopoly in 1913.
All the credit inflation in the USA occurs in the just under 6000 commerical banks of the USA.
They all inflate their balance sheet when a slave or you requests a loan from the master or them and deflate their balance sheets when the slave or you pays a loan down or off.
The most worshipful masters of mathmatics rule the vulgar and profane slaves of mathmatics.
I created hypertiger in 1988.
i hepled to create the electronic digital computerized version of the absolute capitalist hierarchical food powered make work enterprise...or Matrix all you autonomus capitalist drones or electronic digital computerized game players have been programed to call civilization.
The invisible order or reality of the logical basic systsem operating in teh background powers the visible chaos of the reasonable graphical user interface or fantasy believed to be reality in the forground.
The knowledgable masters of logic rule the ignorant slaves of reason
If the FED balance sheet violently implodes...following a gradual explosion.
That is just the visible effect of what was created out of thin air returning back into thin air.
every second of the daydream of fantsy you all believe is reality demands exponetially more power than the previous second.
and if all you slaves refuse to or can not supply the demand of the positive daydream of fanatsy...it begins to polarity shift into the negative nightmare of reality.
you saw this back in 2008 when the demand for life liberaty and happiness by you all from you all became greater than the supply of life liberaty and happiness from you all to you all.
and you began to be supplied with less life liberty and happiness or exponetial growth and more death tyranny and misery or exponetial decay.
because if the credit supply or fantasy bubble believed to be reality does not constantly exponentaily grow out of thin air it constantly exponentially decays back into thin air...or pops.
and the cherished delusion which is a reasonable assumption or lie you believe is Truth and fallen in love with.
Shatters
Until the 2009 bottom was formed...when the invisible hand of the globalist game master caught all you nationalist slaves or pawns falling to your death and saved you from game over.
Most of the folks here know all that, Hyper. Unfortunately, most of the matrix dwellers think, if they bother to think at all, that their neighbors saved their money and put it in the bank, and that the bank then "loaned it out" to "buy" houses, cars, i phones, whatever. Ask any random person you meet why their dollar says "Federal Reserve Note" and you will likely be met with glazed eyes as that person plots the quickest possible escape route from your presence.
Now, I'm not sure how long it will take for the air to completely escape the balloon. But I am quite sure that escape it will, and that there will be wailing and gnashing of teeth.
I assume the market goes up on this news? As with Higher Unemployment, War with Russia, Kindapped Americans being murder, Obama taking a vacation, companies missing number.
"IT IS ALL GOOD"
I wrote myself a check for a million bucks once !!!
/net worth was about a grand at the time...
ISIS stole it.
We suckered them by putting $7t in debt into a box labelled "burqa porn" and left it on a roadside near Mosul. Now ISIS is degraded, but not the way they planned. Obama will explain it all on Wednesday.
Scotiabank says, "You're richer than you think".
It is all ones and zeros anyway not real 'money' backed by anything, just useless toilet paper
Wow! Quite the recovery! Economy is booming to reduce all that debt so quickly!
Mr. Putin and his colleagues are reviewing these numbers as we speak and they're deciding to keep trading in USD as it is beyond any doubt the most stable medium of exchange on the planet. Surely, backed by an institution like the Fed there will never be a problem either liquidating or storing Dollar portfolios.
The wonders of narcotics money.
HYPERTIGER, welcome, nice to see you posting here if you are in fact the real HYPERTIGER.
I like your analog - digital analogy. I'll go one further. We trade heartbeats for zero's and ones backed by nothing. The ultimate in slave labor.
We trade time on this blue ball, above ground for fiat able to be manipulated at will. PM's being just a little bit less of a fiat than greenbacks.
DO THESE GUYS DO TAX RETURNS ON THE SIDE
and here I thought the Belgians had bought it.
LOL, and you thought Madoff was good? While people aren't looking they take off trillions. Gone.
Other countries should all abandon the US dollar as a viable fiat. Now we will get other countries to make their debt disappear. Poof, now it's gone.
The Federal Reserve's books are whatever they want them to be.
AGSTACKS: Hey banker brother, did you see the Debt Held by the Public fell by 7 trillion dollars m/m?
Banker Brother: Really? That is awesome! See you are always so negative! They're tapering, paying down the debt, jobs are coming back...
AGSTACKS: You believe it?
Banker Brother: Oh, boy. Here we go again. Another conspiracy theory, lol. Hey, AGSTACKS, I gotta go, the game is coming on.
ctrl-z
I recommend full retard:
The new Magical Accounting
I'd take it.
The Federal Reserve makes the 17.7 trillion debt disappear tomorrow. They will copy over the old excel spreadsheet number. And it's gone!
All Treasury bill holders will be paid the principle with interest immediately with newly printed dollars.
What is more concerning, $7t held by nonpublic or that a reduction of $7t only takes 5 years off the clock.
representative of ANYTHING the ussa govt creates.... they PRODUCE NOTHING of value
if 1/2 the government employees (glorified welfare) disappeared..... no one would notice
then they have the balls to use words like INVESTING ... investing in welfare, investing in "education"
eversince they have been "investing" the IQ of the ussa has dimihsed to that of a burger flipper
shitforbrains like the state dept spokestwats stand there making asses of themselves and then get upset when people let them know they are useless idiots in designer rags regurgitating useless babble....
forget the hitlary clintoon "reset" with the bear, the ussa needs a reset of the public sector across the board...
So , numbers DO lie ........