> I thought they already did, and that’s why the Fed started just printing money (buying the debt themselves).
Yup. This is like three years already when all net debt is being monetized by The Bernank.
That’s why all the huffing and puffing about the “debt ceiling” is so phony. We already blew right by the real debt ceiling when no one buys your debt anymore, and that happened several years ago.
We’re already in free fall and they just haven’t acknowledged it.