You've apparently not been paying attention.
LOL! When was the last auction where the Fed participated? How much did they buy?
You are wrong; you should try to educate yourself about how the Fed works. For example, they bought ~$122 billion in the late March auction alone.
LOL! When was the last auction where the Fed participated? How much did they buy?
So I guess that is an admission that you're not paying attention? Nice scam; hide the evidence (M3) and then claim that the since the easiest way to detect the crime is no longer available that the crime didn't happen.
Not that it matters any more, since the Fed is doing it openly now.