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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?
Asked by King_Pariah (11484)
February 2nd, 2012
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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