http://en.wikipedia.org/wiki/United_States_public_debt#Estimated_ownership "Because there is a large variety of people who own the notes, bills, and bonds in the "public" portion of the debt, the U.S. Treasury also publishes data which groups the types of holders by a few, general categories to get a good picture of who owns United States debt. In this data set, some of the public portion is moved and combined with the total government portion because this amount is owned by the Federal Reserve as part of United States monetary policy. (See Federal Reserve System) As is apparent from the chart, a little more than half of the total national debt is owed to the "Federal Reserve and intragovernmental holdings". The foreign and international holders of the debt are also put together from the notes, bills, and bonds sections. Below is a chart for the data as of December, 2007:"
lol. the very part you highlighted is where you are wrong. you said the fed owns $4.8T, they dont, its much less than that
chaos will be the result in either case. in inflation the middle class will be destroyed as in germany in the 20's bringing on Hitler. why do u make this statement?
I'm not talking about any 52% figure. I'm talking about your $4.8T figure the fed holds $476B of treasuries as of nov 12 http://www.federalreserve.gov/releases/h41/Current/