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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 416.74+1.2%Dec 26 4:00 PM EST

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From: westpacific8/7/2009 1:43:25 AM
5 Recommendations  Read Replies (2) of 218788
 
In a brilliant piece of investigative reporting, Chris Martenson (original article here) has uncovered that the Fed, merely a week after issuing $28 billion in 7 year bonds (which Zero Hedge discussed previously) via its puppet, the US Treasury, of which $10 billion ended up being purchased by primary dealers, has turned and bought 47% of the primary allocated bonds in Open Market Purchases. This is undisputed monetization removed simply via one primary dealer and less than 5 days of temporal separation in order to leave no easy trace.

zerohedge.com

-China has stopped buying; so I ask you; how do we fund our debt? Can the FED just keep buying its own paper; do not like to think where this could lead!

West
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