[E. Pluribus Unum]

[sickoflibs]

Who says money doesnt grow on trees?

[Wyatt's Torch]

That is an increase from January 2009 of $1.366 trillion

QE 1 and 2 were $1.2T combined so I'm not sure why this is a surprise to anyone...

[Son House]

Follow the cash;

Banks Pressured to Buy Government Debt
http://www.freerepublic.com/focus/f-news/2890296/posts

US and European regulators are essentially forcing banks to buy up their own government's debt—a move that could end up making the debt crisis even worse, a Citigroup analysis says.

Regulators are allowing banks to escape counting their country's debt against capital requirements and loosening other rules to create a steady market for government bonds, the study says.

[Presbyterian Reporter]

The Fed has bought $1.7 Trillion Treasury Bonds and that is why the 10 year Treasury Bond interest rate is at 1.5%.

If the US Treasury had to borrow money in the market place, it would have to pay much higher interest rates.

The American public is being scammed big time by the Fed and Treasury.

We should arrest them for counterfeiting.

[Iron Munro]

Professor Obama's Perpetual Motion ATM

Only two ways out:

1 - DEFAULT - Finanacial collapse or intentionally walking away from debt

2 - INFLATION

SEE MY TAGLINE

[Iron Munro]

[InterceptPoint]

For future reference. Very important data.

[InterceptPoint]

The $2.2445 trillion of that new publicly owned U.S. government debt that was purchased by the Fed, China and Japan equals 49 percent of all the new debt the U.S. government has sold to the public since Obama took office.

I wonder how much of the remaining 51% was taken up by banks using that cheap money from the Fed?

[citizen]

Isn’t this a sure recipe for excessive inflation down the road? And it’s a short road - inflation at my Kroger is already kicking my butt.