The Q2 Flow of Funds Report published by the Federal Reserve revealed that the Federal Reserve purchased as much as half of the newly issued treasuries in the second quarter. This means that the Federal Reserve isn’t merely supporting the market for US treasuries… it is the market for US treasuries.
Printing new dollars to support an almost $9 trillion dollar budget deficit that stretches out over the next ten years puts the US on the road to ruin, and the major governments of the world have noticed and are taking action.
Dead Government Walking
http://www.sprott.com/Docs/MarketsataGlance/MAAG_10_2009.pdf
FEDERAL RESERVE statistical release
http://www.federalreserve.gov/releases/z1/Current/z1.pdf
It ain't over until it's over
http://intheendwerealldebt.blogspot.com/2009/10/it-aint-over-until-its-over.html
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