[ZOOKER]

I have heard tales that Fedgov has already had trouble selling treasury notes, and that the Fed has begun buying their own debt, quietly and using straw buyers.

At this point I am not optimistic. I don't believe the current administration can cut spending even if they wanted to. When they can no longer borrow, they'll run the presses. When word gets out that we are monetizing our debt, things will start to happen fast.

[MosesKnows]

I have heard ... the Fed has begun buying their own debt

I also have heard that and from enough sources to cause me to believe that, the Feds are doing this at the rate of $85,000 million each month.

Take note of the Dow on days when the Feds discuss easing the quantitative easing.

Obama’s announcement of a replacement for Ben Shalom Bernanke will stir discussion on quantitative easing.