http://market-ticker.denninger.net/archives/1304-BLATANT-Monetization-Uncovered.html Well, this one is complex, for example I've never seen the actual primary dealer sheets of a Treasury Debt Auction, so hopefully someone far more advanced than I can see if this is the case, or it is not: http://www.chrismartenson.com/blog/fed-buys-last-weeks-treasury-auction/23880 And this:
Whats a few billion to the Fed to keep this house of cards propped up padre? All they are really doing is burning some of that which they've just printed. Something has to give sooner or later for the Fed to stay on top either another crash or another War. Thats the only way they stay on top, the money has got to flow, no movement, and the whole thing comes crashing down. If you'll notice the Bank of England (the Brit's Fed) just propped them up with another 8 billion on Wednesday. They're in as much trouble as we are by all accounts.
