Wednesday, 16 October 2013
Federal Reserve going to be busy buying up $300bn+ of new Treasuries
Posted on 20:55 by Unknown
Looks like the Federal Reserve is going to be busy buying up $300bn+ of new Treasury Notes when the "emergency measures" in place since May are reversed.
(Congress voted for a limitless rise in the National Debt until January.)
After all nobody else is buying them now.
Nobody except Japan buying a few with their own printing presses in overdrive.
Foreigners are now net sellers.
No cuts in spending.
No cuts in the $1.3tn a year of Corporate Welfare.
With current policies Federal spending will be over $6tn in 2023.
Over $3tn deficit expected in 2023.
$40tn+ National Debt expected by 2023 - 250% of GDP.
Dollar collapse and government debt default are just a matter of time. .
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