The biggest holder of US Government debt is... the Federal Reserve and Intragovernmental Holdings, this come to a surprise to anyone and how does the Government exactly owe the Federal Reserve money? Isn't the Federal Reserve part of the Government?
The US Gov’t. is in debt to the Federal Reserve $6.328 trillion dollars as opposed to China in which the US Gov’t. is in debt $1.132 trillion. My biggest question is… how does the Gov’t end up being in debt to the Federal Reserve at all? Maybe I shouldn’t have slept through AP Government, but isn’t the Federal Reserve part of the Government?
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