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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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