Rose4Emily
They're a friend's pearls
- Joined
- Mar 22, 2015
- Posts
- 1,788
Tell me if I'm wrong... Most of the "National Debt" is owed to the Federal Reserve, in the form of "interest". I believe the long-range plan is to default.
A little out of date, but it gives the picture:
Of that "Federal Reserve and Intragovernmental Holdings," the biggest chunk, "13.3% of the total debt," belongs to Social Security. Almost as much is held by the Federal Reserve. I'm not sure what happens if we default on the Federal Reserve, but I doubt that it's good. I hate to think of the future if we default on Social Security.