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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
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also:
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