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Sunday, February 28, 2010

Something Very Strange Is Happening With Treasuries -- Seeking Alpha

Something Very Strange Is Happening With Treasuries -- Seeking Alpha

Some comments might be interpreted to suggest that the Fed is buying up its own treasuries - as a way of printing money.
As "swaps" notes in the comments:
"To sum up then, the U. S. government might as well drop the facade and just issue money without borrowing it. As the Constitution calls for. Tim Geithner should make the call to do this because if, like Kennedy and Lincoln, someone wants blood it won't be Obama's.
The U. S. borrowing money when it never had to do so in the first place - was a bad idea. And this entire mess is the result of that.
It's my understanding that Russia just prints money for projects, then soaks up the excess with taxation. How did they get so smart? Was it their bankruptcy filing a few years ago?"

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