And so it begins...
The Fed is literally, just “creating” it's own funds in the “Treasury” by simply adding more zeros to the balance without actual securities or assets backing it. They then hand the “money” over to CONgress to spend, spend, spend, and spend.
Historically, when a government monetizes it's currency, hard times are guaranteed. It's money being spent with money we don't have and nobody is giving (borrowing) us the money to back up the money we are spending that does not really exist.
It's pure and simple INSANITY!