US debt held by the Federal Reserve: Another record high at the end of 2014!

globinfo freexchange

US economy's destructive financialization seems to be accelerated at the expense of the real economy as the banking cartels increasingly take control of the money supply through the Federal Reserve, loading central government with more debt.

At the end of 2014, the US debt held by the Federal Reserve reached a new record high (14,2% of GDP) since the recorded data from 1940. In the revised data, the second highest was in 2013 (12.5% of GDP), the third was in 2011 (10.8% of GDP) and the fourth was in 1946 (10.4% of GDP). This means also that, three of the four highest figures for US debt held by the Federal Reserve since 1940 appear in the last four years (2011 – 2014)!

Also, at the end of 2012, the US debt exceeded 100% of GDP (100.2%) for the first time since 1947 (107.6%).

Note also that, at the end of 2008, the US debt held by the Federal Reserve reached a record low (3.3% of GDP) since 1942 (1.8% of GDP). This was the highest drop relative to the previous year (2007, 5.4% of GDP) since the recorded data from 1940. This equals to a -38.9% drop for the period 2007-2008, (the second highest drop was for 1940-1941, -24%).

All calculations based on numbers as percentage of GDP.

Primary data source: https://www.whitehouse.gov/sites/default/files/omb/budget/fy2016/assets/hist07z1.xls

Read also:

Does the Fed manufacturing crises?