globinfo freexchange According to the economic database of St. Louis Federal Reserve (FRED), the US debt held by the Federal Reserve surpassed the unthinkable percentage of 25% of GDP (25.48%) for the first time in the third quarter of 2021! We observe that from the beginning of the related recorded data in 1970, the US debt held by the Federal Reserve remains almost flat and at much lower levels (~ 3.5%-5.5% of GDP). And this is the case even during the recession right after the 1973 oil crisis depicted by the shaded area in the graph. Then, during the big financial meltdown of 2007-2008, we observe a shallow dive of the debt. After that period, we can see clearly that the US debt held by the Federal Reverse breaks one record after another, reaching unprecedented levels. For the first time, the debt surpasses 10% of GDP in the second quarter of 2011 (10.41%), and in the first quarter of 2014 surpasses 15% of GDP (15.25%). Then, we have a dive in the third quarter of 2019 at 11.33