Core Imposter
Felon
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RIP Sandra Day O'Conner.
Advanced dementia. Same as my Dad.
Advanced dementia. Same as my Dad.
Random Thoughts XIV: Pizza, Pomegranate Juice, and Shreddies
- Thread starter Valka D'Ur
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Core Imposter
Felon
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This also explains why they were able to survive without a ride on the ark.
Oh that kind of prediction. Imaginary economics can be fun, but are not very useful.More. I predict this each year, the months vary.
I will eventually be right.
Core Imposter
Felon
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You can kick the can down the road and around the cul de sac for a long time. Especially when you have the world's reserve currency.
Of course, you know, you have it backwards. The economy we have now is the illusion and illusions can in fact be very useful. Greatest magic trick of all time, or at least modern times.
r16
not deity
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ı have noticed an increasing numbers of situations that would compel me to say "come and take it" about Istanbul , a city ı actually hate even if ı haven't been there in the last 41 or 42 years . The thing is anyone who wants to see things should not do it in places where ı will not be seeing it . Plus , everybody either knows or should know that the American military build up in Greece actually is meant to cover the Greeks in the war that will come , basically after the Russians crush people with casualties nearing a million or thereabouts . Because even the least dense Americans fail to see the writing on the wall . Being spelt at the same time , too .
What is illusory about our current economy? GDP? Unemployment? Job growth? Interest rates? What is the "real" state of things (specifically) compared to what is presented?
r16
not deity
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you are having like a 30 page Bible thread with people who are nice and show nothing of the aggreviated or whatever form of Americans . Who unlike you Democrats and whatnot will not be content with breaking up Russia and plundering it from one end to the other to prolong this so called American Dream . No , they can have 1000 years instead . As such everything the US does anywhere in the world comes back to Middle East . Your intelligence will know better and will be most unlikely to tell but this avalanche of weapon systems breakthroughs and stuff might now reached 80% and New Turkey has really been stalling because they did venture on their own to nuclear weapons and stuff . They were not in . Something . Basically useless too . Covering the Greeks in the first clashes so that they won't all quit . So that you can expel us from NATO . And invade yourselves . With Kurds on the ground as the boots . Trump supposedly left the Middle East ... if one asks anyone .
yes , it will be an easier war to sell . Nobody believes you will be met with Terminators , right ?
yes , it will be an easier war to sell . Nobody believes you will be met with Terminators , right ?
Core Imposter
Felon
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Those are unanswerable questions as no one can calculate exactly when the US will have extended its exorbitant privilege beyond its ability to perform its exorbitant duty. But we have reached an astonishing level of debt service, annualized at more than a trillion dollars. There is a reason that economists say, "in the long run we are all dead". It is in recognition of the unsustainable growth of the national debt. Debt is perfectly acceptable. One man's debt is another man's wealth. But things change entirely when debts go bad. And America's debt has already gone bad unless you can somehow find solace in this massive transfer of wealth into the pockets of the wealth holders. This is a very cold slice of bread from a diminishing loaf, eaten in the knowledge of the gathering of the wolves and the long night ahead. In the long run we are all dead.
So who owns the US debt? Let's look. The link has the charts that go with the text.
Who Owns the US National Debt?
Key Takeaways
- There are two kinds of national debt: intragovernmental and public. Intragovernmental is debt held by the Federal Reserve and Social Security and other government agencies. Public debt is held by the public: individual investors, institutions, foreign governments.
- After intragovernmental holdings, the next largest category is national debt held by foreign governments. Of those, Japan has the most, followed by China.
- The Federal Reserve also invests in U.S. national debt as it added liquidity to the economy during and after the Great Recession, and more recently during the pandemic.
Intragovernmental Debt
The Treasury owes this part of the debt to other federal agencies. Intragovernmental holdings totaled more than $6.89 trillion in January 2023.1 Why would the government owe money to itself? Because some agencies, like the Social Security Trust Fund, take in more revenue from taxes than they need. These agencies then invest in U.S. Treasurys rather than stick this cash under a giant mattress,This transfers the agencies' excess revenue to the general fund, where it's spent. They redeem their Treasury notes for funds as needed. The federal government then either raises taxes or issues more debt to raise the required cash.
Which agencies own the most Treasury notes, bills, and bonds? Social Security, by a long shot. The U.S. Treasury publishes this information in its monthly Treasury statement. Social Security trusts, including the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds, held $2.71 trillion in Treasurys as of December 2022. The next largest agency was the Military Retirement Fund at $1.36 trillion. Other large holders of debt include the Office of Personnel Management Retirement, Medicare (which includes the Federal Supplementary Medical Insurance Trust Fund), then cash on hand to fund federal government operations.2
Public Debt
The public holds over $24.53 trillion of the national debt, as of January 2023.1 Foreign governments hold a large portion of the public debt, while the rest is owned by U.S. banks and investors, the Federal Reserve, state and local governments, mutual funds, pensions funds, insurance companies, and holders of savings bonds.
The Treasury breaks down who holds how much of the public debt in a quarterly Treasury bulletin. Foreign and international investors held over $7.4 trillion, according to its December 2022 bulletin, which included data through June 2022. State and local governments held $1.55 trillion and mutual funds had $2.84 trillion.
Other holders of the public debt include insurance companies, U.S. savings bonds, private pension funds, and other holders, including individuals, government-sponsored enterprises, brokers and dealers, banks, bank personal trusts and estates, corporate and non-corporate businesses, and other investors. If you were to add the debt held by Social Security and all the retirement and pension funds, almost half of the U.S. Treasury debt is held in trust for retirement. Current and future retirees would be hurt the most if the U.S. ever defaulted on its debt.
Why the Federal Reserve Owns Treasurys
As the nation's central bank, the Federal Reserve is in charge of the country's credit. It doesn't have a financial reason to own Treasury notes. So why does it?The Federal Reserve actually tripled its holdings between 2007 and 2014. The Fed had to fight the 2008 financial crisis, so it ramped up open market operations by purchasing bank-owned mortgage-backed securities. The Fed began adding U.S. Treasurys in 2009. It owned $1.6 trillion, by 2011, maxing out at $2.5 trillion in 2014. Board of Governors of the Federal Reserve System via Federal Reserve Economic Data (FRED). "Assets: Securities Held Outright: U.S. Treasury Securities: All: Wednesday Level (TREAST)." This quantitative easing (QE) stimulated the economy by keeping interest rates low and infusing liquidity into the capital markets. It gave businesses continued access to low-cost borrowing for operations and expansion.
The Fed purchased Treasurys from its member banks, using credit that it created out of thin air. It had the same effect as printing money. By keeping interest rates low, the Fed helped the government avoid the high-interest-rate penalty it would incur for excessive debt.
Note
The Fed ended quantitative easing in October 2014. Interest rates on the benchmark 10-year Treasury note rose from a 200-year low of 1.43% in July 2012 to around 2.17% by the end of 2014 as a result.The Federal Open Market Committee (FOMC) said the Fed would begin reducing its Treasury holdings in 2017. But it purchased Treasurys again just a few years later.
On March 15, 2020, the Federal Reserve announced that it would purchase $500 billion in U.S. Treasurys and $200 billion in mortgage-backed securities over the next several months in an effort to stimulate the economy and support financial markets during the pandemic. The FOMC expanded QE purchases to an unlimited amount on March 23, 2020. Its balance sheet peaked at $8.96 trillion in April 2022.
In March 2022, the Fed announced it would start reversing these purchases to remove money from the economy and combat inflation. The balance sheet had shrunk to $8.85 trillion by August 2022.
Current Foreign Ownership of U.S. Debt
Japan owned $1.08 trillion in U.S. Treasurys in November 2022, making it the largest foreign holder of the national debt. The second-largest holder is China, which owned $870 billion of U.S. debt. Both Japan and China want to keep the value of the dollar higher than the value of their own currencies. This helps to keep their exports to the U.S. affordable, which helps their economies grow.
China replaced the U.K. as the second-largest foreign holder in 2006 when it increased its holdings to $699 billion. The U.K. is the third-largest holder with $645.8 billion. Its holdings have increased in rank as Brexit continues to weaken its economy. Luxembourg is next, holding $332.9 billion.9
The Bottom Line
The U.S. national debt is the sum of public debt that is held by other countries, the Federal Reserve, mutual funds, and other entities and individuals, as well as intragovernmental holdings held by Social Security, Military Retirement Fund, Medicare, and other retirement funds. Many people believe that much of the U.S. national debt is owed to foreign countries like China and Japan, but the truth is that most of it is owed to Social Security and pension funds right here in the U.S. This means that U.S. citizens own most of the national debt.This last part contradicts your
Fear of the rising debt is mostly conservative politics.
Great charts at the link.
:max_bytes(150000):strip_icc()/whoownsthenationdebtgettyimage-88cd7018bc4b44bf8de6f18cdc9dc89b.jpg)
Who Owns the U.S. National Debt?
Most of the U.S. national debt is owned by Social Security, the Federal Reserve, and foreign investors. Learn how it impacts the economy and you.
Sure thing.
I have gripes about how inflation is measured.
Everyone is frozen in place with high interest rates.
Can't afford to buy houses, can't afford to sell houses.
Cash to buy the whole house all at once will always work no matter how high interest rates go.
Home buyers are finally seeing a light at the end of the tunnel, but it is going to be painful for homeowners and sellers
Redfin's CEO says the housing market is at "rock bottom." That may be true for some, but for others, the crunch can still get worse.
www.businessinsider.com
Commercial real estate remains a nightmare.
All the car companies bet the farm and their future on Electric Vehicles.
Demand isn't showing up.
Is America’s EV revolution stalling?
Its motorists aren’t won over by battery power—yet
Core Imposter
Felon
- Joined
- May 13, 2011
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- 5,425
Excellent rebuttal. Doesn't change the outlook or the ongoing wealth transfer.So who owns the US debt? Let's look. The link has the charts that go with the text.
Who Owns the US National Debt?
Key Takeaways
The Social Security Trust Fund owns a significant portion of U.S. national debt, but how does that work and what does it mean? Learn more about actually owns the U.S. national debt and how that impacts you.
- There are two kinds of national debt: intragovernmental and public. Intragovernmental is debt held by the Federal Reserve and Social Security and other government agencies. Public debt is held by the public: individual investors, institutions, foreign governments.
- After intragovernmental holdings, the next largest category is national debt held by foreign governments. Of those, Japan has the most, followed by China.
- The Federal Reserve also invests in U.S. national debt as it added liquidity to the economy during and after the Great Recession, and more recently during the pandemic.
Intragovernmental Debt
The Treasury owes this part of the debt to other federal agencies. Intragovernmental holdings totaled more than $6.89 trillion in January 2023.1 Why would the government owe money to itself? Because some agencies, like the Social Security Trust Fund, take in more revenue from taxes than they need. These agencies then invest in U.S. Treasurys rather than stick this cash under a giant mattress,
This transfers the agencies' excess revenue to the general fund, where it's spent. They redeem their Treasury notes for funds as needed. The federal government then either raises taxes or issues more debt to raise the required cash.
Which agencies own the most Treasury notes, bills, and bonds? Social Security, by a long shot. The U.S. Treasury publishes this information in its monthly Treasury statement. Social Security trusts, including the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds, held $2.71 trillion in Treasurys as of December 2022. The next largest agency was the Military Retirement Fund at $1.36 trillion. Other large holders of debt include the Office of Personnel Management Retirement, Medicare (which includes the Federal Supplementary Medical Insurance Trust Fund), then cash on hand to fund federal government operations.2
Public Debt
The public holds over $24.53 trillion of the national debt, as of January 2023.1 Foreign governments hold a large portion of the public debt, while the rest is owned by U.S. banks and investors, the Federal Reserve, state and local governments, mutual funds, pensions funds, insurance companies, and holders of savings bonds.
The Treasury breaks down who holds how much of the public debt in a quarterly Treasury bulletin. Foreign and international investors held over $7.4 trillion, according to its December 2022 bulletin, which included data through June 2022. State and local governments held $1.55 trillion and mutual funds had $2.84 trillion.
Other holders of the public debt include insurance companies, U.S. savings bonds, private pension funds, and other holders, including individuals, government-sponsored enterprises, brokers and dealers, banks, bank personal trusts and estates, corporate and non-corporate businesses, and other investors. If you were to add the debt held by Social Security and all the retirement and pension funds, almost half of the U.S. Treasury debt is held in trust for retirement. Current and future retirees would be hurt the most if the U.S. ever defaulted on its debt.
Why the Federal Reserve Owns Treasurys
As the nation's central bank, the Federal Reserve is in charge of the country's credit. It doesn't have a financial reason to own Treasury notes. So why does it?
The Federal Reserve actually tripled its holdings between 2007 and 2014. The Fed had to fight the 2008 financial crisis, so it ramped up open market operations by purchasing bank-owned mortgage-backed securities. The Fed began adding U.S. Treasurys in 2009. It owned $1.6 trillion, by 2011, maxing out at $2.5 trillion in 2014. Board of Governors of the Federal Reserve System via Federal Reserve Economic Data (FRED). "Assets: Securities Held Outright: U.S. Treasury Securities: All: Wednesday Level (TREAST)." This quantitative easing (QE) stimulated the economy by keeping interest rates low and infusing liquidity into the capital markets. It gave businesses continued access to low-cost borrowing for operations and expansion.
The Fed purchased Treasurys from its member banks, using credit that it created out of thin air. It had the same effect as printing money. By keeping interest rates low, the Fed helped the government avoid the high-interest-rate penalty it would incur for excessive debt.
Note
The Fed ended quantitative easing in October 2014. Interest rates on the benchmark 10-year Treasury note rose from a 200-year low of 1.43% in July 2012 to around 2.17% by the end of 2014 as a result.
The Federal Open Market Committee (FOMC) said the Fed would begin reducing its Treasury holdings in 2017. But it purchased Treasurys again just a few years later.
On March 15, 2020, the Federal Reserve announced that it would purchase $500 billion in U.S. Treasurys and $200 billion in mortgage-backed securities over the next several months in an effort to stimulate the economy and support financial markets during the pandemic. The FOMC expanded QE purchases to an unlimited amount on March 23, 2020. Its balance sheet peaked at $8.96 trillion in April 2022.
In March 2022, the Fed announced it would start reversing these purchases to remove money from the economy and combat inflation. The balance sheet had shrunk to $8.85 trillion by August 2022.
Current Foreign Ownership of U.S. Debt
Japan owned $1.08 trillion in U.S. Treasurys in November 2022, making it the largest foreign holder of the national debt. The second-largest holder is China, which owned $870 billion of U.S. debt. Both Japan and China want to keep the value of the dollar higher than the value of their own currencies. This helps to keep their exports to the U.S. affordable, which helps their economies grow.
China replaced the U.K. as the second-largest foreign holder in 2006 when it increased its holdings to $699 billion. The U.K. is the third-largest holder with $645.8 billion. Its holdings have increased in rank as Brexit continues to weaken its economy. Luxembourg is next, holding $332.9 billion.9
The Bottom Line
The U.S. national debt is the sum of public debt that is held by other countries, the Federal Reserve, mutual funds, and other entities and individuals, as well as intragovernmental holdings held by Social Security, Military Retirement Fund, Medicare, and other retirement funds. Many people believe that much of the U.S. national debt is owed to foreign countries like China and Japan, but the truth is that most of it is owed to Social Security and pension funds right here in the U.S. This means that U.S. citizens own most of the national debt.
This last part contradicts your
Fear of the rising debt is mostly conservative politics.
Great charts at the link.
Who Owns the U.S. National Debt?
Most of the U.S. national debt is owned by Social Security, the Federal Reserve, and foreign investors. Learn how it impacts the economy and you.www.thebalancemoney.com
Although history rarely repeats on Wall Street, it has a way of rhyming. Given the notable decline in various money-based metrics, it wouldn't be a surprise to see the Dow, S&P 500, and Nasdaq Composite dip into a bear market in 2024.
r16
not deity
- Joined
- Nov 10, 2008
- Messages
- 12,162
glorious work of previous years show up somewhere else on the forum .
www.france24.com
which actually doesn't say the French Police didn't get him in his previous attempt to strike when ISIL was big league . Like people would have been ready to see the both sides of the coin , had it been not the norm to say only one side was right and the other side was "Bucha" ...
once again it is the Russians , despite only one exists in Off-Topic . Who is even yet to quote the most favourite head of state of CFC that it wasn't a success as desired ... And no , Israel will not manage to defat Hamas fast enough to save some bacon elsewhere .
inevitably leading to these posts united into one , but the a Israeli thing that makes the rounds that female reservists and conscripts saw it coming , were ignored because they were not men and quite a number of them were left in a position where they didn't have the numbers or defensive boosts to defend themselves against the HAMAS attack that specifically targeted them . That Israelis let this happen is a "conspiracy" voiced in the Middle East since October the 7th , literally within the hour .
French police arrest assailant after deadly knife attack in central Paris
French police arrested a man who targeted passersby in Paris on Saturday night, killing a German tourist with a knife and injuring two others, France's interior minister said.
www.france24.com
which actually doesn't say the French Police didn't get him in his previous attempt to strike when ISIL was big league . Like people would have been ready to see the both sides of the coin , had it been not the norm to say only one side was right and the other side was "Bucha" ...
once again it is the Russians , despite only one exists in Off-Topic . Who is even yet to quote the most favourite head of state of CFC that it wasn't a success as desired ... And no , Israel will not manage to defat Hamas fast enough to save some bacon elsewhere .
inevitably leading to these posts united into one , but the a Israeli thing that makes the rounds that female reservists and conscripts saw it coming , were ignored because they were not men and quite a number of them were left in a position where they didn't have the numbers or defensive boosts to defend themselves against the HAMAS attack that specifically targeted them . That Israelis let this happen is a "conspiracy" voiced in the Middle East since October the 7th , literally within the hour .
Funny moment during the filming of the videos for my new seminar yesterday. I did not intend for it to happen, but at some point (as I was practice-reading from the prompter, before the video) I went to >5 words/second speed(for around 150 words, didn't read the entire passage).
First 5 (of the 11) videos filmed ^^
First 5 (of the 11) videos filmed ^^
Core Imposter
Felon
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- May 13, 2011
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I wonder do some of the older members have these random spells of suddenly missing the family when you were 10 or 12 or whatever? Just strongly wishing you could go back for a second, so bad, that it almost feels if you just find the right doorknob you'd be there. I also wonder if this could be some sort of coping mechanism relative to impending death, not that I have a schedule.
I even tried to contact my sister, with whom I have no clear relationship, before snapping out of the moment. It would have been awkward to have reached her in that daze. It is a shame that life does that to you, having to engage the filter on high redoubt, before speaking to a sibling. It's almost like we are living under a curse or something.
I even tried to contact my sister, with whom I have no clear relationship, before snapping out of the moment. It would have been awkward to have reached her in that daze. It is a shame that life does that to you, having to engage the filter on high redoubt, before speaking to a sibling. It's almost like we are living under a curse or something.
No. Penguins need land to survive, since they can't lay eggs in water and chicks' feathers aren't waterproof. Besides, the text makes it clear that fish survived without needing to be in the ark, but penguins are not fish. They're birds.
How "old" are the "older members" you're referring to? I do have times when I really miss my grandparents and dad and wish I could go back. I think it's more a matter of missing them, than impending death.
Charles isn't the Americans' king. He is Canada's king, and also the king of the other Commonwealth countries. The U.S. isn't a Commonwealth country.
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