The Federal Reserve Is Directly Monetizing US Debt | Peak Prosperity: The Federal Reserve is now directly monetizing US federal debt.
Sure, it’s not admitting to this. And it’s using several technical jinks and jives to offer a pretense that things are otherwise.
But it’s not terribly difficult to predict what’s going to happen next: the Federal Reserve will drop the secrecy and start buying US debt openly.
At a time, mind you, when US fiscal deficits are exploding and foreign buyers are heading for the exits.
See original work for more on this and other stories.
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