Hosed......................from Rico

Has the FED become America's buyer of ONLY resort?

So far this year, the FED has bought more US Government debt than the Treasury has issued.
- The FED website shows that it has increased its Treasury holdings by $51.06 billion since the beginning of the year. Exactly $3.879 billion MORE than the Treasury has issued.

This cannot be good.

Is the US 'system' following in the foot steps of Venezuela?
Consider:
- They elected a flaming Socialist before America did.
- They repatriated their Gold before the Germans got their 'wind' up about doing the same thing.
- They just did 'the big Argentina' by devaluing their currency 46%.

The US 'system' may be completely 'hosed' at this point...

Pssssst! Hey, mister...wanna buy some bonds real cheap?