tonystruth.com

NEW YORK (Marketwatch) -- The Federal Reserve Bank of New York bought $3.51 billion in Treasurys maturing between 2026 and 2039 on Monday. The buyback is part of the central bank's program to keep borrowing costs lower and spur economic activity. Dealers offered $10.426 billion to be purchased. Ten-year note yields , which move inversely to prices, remained lower by 8 basis points to 3.21%. U.S. debt was supported by the Fed purchases and declining stock markets.

So there you go... when the world won't touch our "debt" we buy it back on our own? Crank up the printing presses and pay the bills.  If you don't think this will lead to crippling inflation, the kind of inflation that destroys life savings and destroys real earnings, you are out of your mind.

Watch closely.  If we did what the government is doing we would be arrested.