Fed chairman on debt: ‘Trillion there, a trillion here… doesn’t make much difference’

Caroline May The Daily Caller 6/7/2012

Trillions of dollars appear to be a pittance to Ben Bernanke, President Barack Obama’s Federal Reserve chairman.

At a Thursday Joint Economic Committee hearing, South Carolina Republican Sen. Jim DeMint pointed out that the Federal Reserve is keeping interest rates artificially low and, by extension, also keeping payments on […]

China Fires the Warning Shot on US Debt

Phoenix Capital Research Zero hedge 1/21/2011

China is the world’s largest creditor nation. While the US Federal Reserve has overtaken it as the largest owner of US debt, it is China, not the Fed, that determines the world’s attitude towards the US’s financial situation.

After all, the Fed has become the toxic waste depository for […]