CNS News
by Terence P. Jeffrey
January 24, 2013


In data released Thursday afternoon, the Federal Reserve revealed that its holdings of U.S. government debt had increased to an all-time record of $1,696,691,000,000 as of the close of business on Wednesday.

The Fed's holdings of U.S. government debt have increased by 257 percent since President Barack Obama was first inaugurated on Jan. 20, 2009, and the Fed is currently the single largest holder of U.S. government debt.

As of the end of November, according to the U.S. Treasury, entities in Mainland China owned about $1,170,100,000,000 in U.S. government debt, making China the largest foreign holder of U.S. government debt.

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http://cnsnews.com/news/article/fed-s-ho...257-under-obama

The true story is the fed has 1.7 trillion in fake government debt that no one would buy at 0 % interest. And the fed says that we have no inflation.