Real wealth will be worth more than you thought

H/T Joseph Ayer

Fed Has Bought More U.S. Gov’t Debt This Year Than Treasury Has Issued

Here is the link:

Here are the appropriate links referenced in the article.

Federal Debt outstanding as of the end of the calendar year 2012:   16,432,730,050,569.12

Federal Debt outstanding as of February 6, 2013:   16,479,954,658,103.57

Amount of Increase in Debt: 47,224,607,534.40

If I did my math correctly, the size of the Federal Debt increased $47.224 Billion since the beginning of the year.

Now look at the Fed Balance sheet holdings of US Treasuries over that same period.

Fed Treasury Holdings as of Wednesday, January 2, 2013:     1,666,118 
Fed Treasury Holdings as of Wednesday, February 6, 2013:    1,717,182

Amount of Increase in Fed Treasury Holdings since the beginning of the year:   $51.064 Billion

That is $3.879 BILLION MORE than the US Treasury has issued this year!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s