Quote:
Originally Posted by Loke
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Uuur, does that chart at all concern you when you consider the fact that the Federal Reserve Bank is essentially a quasi-private organization that has not been audited in over 9 years? Just curious.
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It doesn't bother me. The fed buys US debt to control the money supply, and considering that we're seeing low levels of inflation, I don't feel that they hold an inordinate amount of US debt.
As far as auditing goes, it would be nice to see what the fed is doing, but I don't believe they're abusing their powers. Right now I trust the fed more than politicians.