... when will the spending insanity end and when will we return to a values based society?
This is a migraine inducing article. Read/don't read at your own risk.
Federal obligations exceed world GDP
"It's not likely this will happen without the Federal Reserve acting as lender of last resort for the Treasury by buying Treasury debt and monetizing the debt," he said.
"Monetizing the debt" is a term used to signify that the Federal Reserve will be required simply to [COLOR=blue ! important][FONT="][COLOR=blue ! important][FONT="]print[/FONT][/FONT][/COLOR][/COLOR] cash to meet the Treasury debt obligations, acting in this capacity only because the Treasury cannot sell the huge of amount debt elsewhere.
Federal obligations exceed world GDP
This is a migraine inducing article. Read/don't read at your own risk.
Federal obligations exceed world GDP
"It's not likely this will happen without the Federal Reserve acting as lender of last resort for the Treasury by buying Treasury debt and monetizing the debt," he said.
"Monetizing the debt" is a term used to signify that the Federal Reserve will be required simply to [COLOR=blue ! important][FONT="][COLOR=blue ! important][FONT="]print[/FONT][/FONT][/COLOR][/COLOR] cash to meet the Treasury debt obligations, acting in this capacity only because the Treasury cannot sell the huge of amount debt elsewhere.
Federal obligations exceed world GDP