U.S. Government Funded by Shell Game as Fed Buys 80% of Debt

Jason Hamlin — Fri, 15 Jan 2010 02:07:21 +0000

It appears that foreigners are no longer lining up to buy U.S. government debt. As reported in the article below, the Federal Reserve is now buying around 80% of the debt issued by the U.S. government to fill its $1.4 Trillion record annual budget deficit. This is a disturbing development and confirms that the [...]

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U.S. Government Funded by Shell Game as Fed Buys 80% of Debt