The Fed bought nearly half of LAST WEEK'S 7 year Treasury Issuance
- Thread starter Roman Candle
- Start date
I can't wait for the Fed audit :eek: 
FED have already bought $237B and plan to buy another $300B.
http://online.wsj.com/article/BT-CO-20090805-715003.html
NEW YORK (Dow Jones)--The Federal Reserve Bank of New York announced Wednesday its latest round of Treasury debt purchases.
The securities are being bought as part of a program to stimulate economic growth by helping to keep longer-term borrowing costs down. The Fed has pledged to buy as much as $300 billion in Treasurys by autumn. It has already purchased about $237 billion in Treasurys.
The Fed said that it would buy Treasurys in the maturity range of May 15, 2012, to Nov. 30, 2013, on Monday, Aug. 10.
It also will buy the date range of Aug. 15, 2026, to May 15, 2039, on Aug. 11; Dec. 31, 2013, to April 30, 2016, on Aug. 17; and Feb. 15, 2020, to Feb. 15, 2026, on Aug. 19.
-By Deborah Lynn Blumberg, Dow Jones Newswires, 212-416-2206; deborah.blumberg@dowjones.com
http://online.wsj.com/article/BT-CO-20090805-715003.html
NEW YORK (Dow Jones)--The Federal Reserve Bank of New York announced Wednesday its latest round of Treasury debt purchases.
The securities are being bought as part of a program to stimulate economic growth by helping to keep longer-term borrowing costs down. The Fed has pledged to buy as much as $300 billion in Treasurys by autumn. It has already purchased about $237 billion in Treasurys.
The Fed said that it would buy Treasurys in the maturity range of May 15, 2012, to Nov. 30, 2013, on Monday, Aug. 10.
It also will buy the date range of Aug. 15, 2026, to May 15, 2039, on Aug. 11; Dec. 31, 2013, to April 30, 2016, on Aug. 17; and Feb. 15, 2020, to Feb. 15, 2026, on Aug. 19.
-By Deborah Lynn Blumberg, Dow Jones Newswires, 212-416-2206; deborah.blumberg@dowjones.com
Ron Paul suspects the FED loans money to foreign Governments to buy US treasury debt.
Monetization is the only alternative when annual deficits are >1 Trillion and bailout packages are several multiples of that!
Given the FED and other Central Banks are making strong overtures for a coordinated devaluation of all currencies, led by the US dollar (to reflate the junk), America is pretty much toast.
When the dollar goes, it'll make Argentina look like a picnic.
Monetization is the only alternative when annual deficits are >1 Trillion and bailout packages are several multiples of that!
Given the FED and other Central Banks are making strong overtures for a coordinated devaluation of all currencies, led by the US dollar (to reflate the junk), America is pretty much toast.
When the dollar goes, it'll make Argentina look like a picnic.