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The Fed’s Answer to the Ghastly Monster of its Creation

As the economy stalls out in 2020, U.S. deficits are going to jump to over $2 trillion a year – and will stay there.  So, too, the national debt will run up towards $40 trillion over the next decade.  The Fed, through YCC or some other wild scheme, will take on the dirty deed of monetizing this debt.  They’ll create money from nothing and loan it to the Treasury. Continue reading

Posted in MN Gordon, Politics | Tagged , , , , | 14 Comments