Labels

SUPPORT JULIAN ASSANGE

Monday, September 8, 2014

How The Fed "Mysteriously" Eliminated $7Trillion In US Debt

Tyler Durden's picture
Submitted by Tyler Durden on 09/08/2014 14:04 -0400



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.

Average:
5

Your rating: None Average: 5 (43 votes)

No comments:

assange



At midday on Friday 5 February, 2016 Julian Assange, John Jones QC, Melinda Taylor, Jennifer Robinson and Baltasar Garzon will be speaking at a press conference at the Frontline Club on the decision made by the UN Working Group on Arbitrary Detention on the Assange case.

xmas





the way we live

MAN


THE ENTIRE 14:02' INTERVIEW IS AVAILABLE AT

RC



info@exopoliticsportugal.com

BJ 2 FEV


http://benjaminfulfordtranslations.blogspot.pt/


UPDATES ON THURSDAY MORNINGS

AT 08:00h UTC


By choosing to educate ourselves and to spread the word, we can and will build a brighter future.

bj


Report 26:01:2015

BRAZILIAN

CHINESE

CROATIAN

CZECK

ENGLISH

FRENCH

GREEK

GERMAN

ITALIAN

JAPANESE

PORTUGUESE

SPANISH

UPDATES ON THURSDAY MORNINGS

AT 08:00 H GMT


BENJAMIN FULFORD -- jan 19





UPDATES ON THURSDAY MORNINGS

AT 08:00 H GMT

PressTV News Videos