FROM ARTICLE——>>>
We are now in a situation, however, where the Fed is printing
dollars to buy Treasuries as a means of faking the Treasury’s ability to attract outside
capital. If our research proves anything, it’s that the regular buyers of US debt are no
longer buying, and it amazes us that the US can successfully issue a record number
Treasuries in this environment without the slightest hiccup in the market.
Perhaps the
Some of us have been literally screaming about this for months now. The stock market just keeps going up-up-up, driven by oceans of fiat cash, created so that the US government could spend $1.7 trillion this year alone that it didn’t have. No one is actually buying our debt at zero percent; they are just borrowing it to buy commodities and foreign-denominated securities. It will not end well.