http://online.wsj.com/article/SB10001424052748704805204575594833095922308.html?mod=WSJ_business_EconomyNewsBucket
And where does the FED get this money from to lend to the US Treasury?
Why out of thin air, but they still make interest on it.
Does that make sense to you?
Why doesn't congress just make up money out of thin air and cut out the FED as the middleman.
Just think of how much money "WE" could save when it comes time to refinance it.
It's not only time to cut back kids, it's time to cut out.
If "WE" just let the bankers go to prison for the various levels of fraud that they've committed in the mortgage industry, "WE" wouldn't even need QE2, since the only people it will actually help is the Bankers.
It creates no jobs what so ever and the taxpayers have to pay it back.
The Central Bank makes big bucks off the government's fiscal misfortunes, due to it's inability to cut back it's spending.
The Federal Reserve will print money to buy nearly as much U.S. Treasury debt in the next eight months as the U.S. government will issue.
.The Fed's decision this week to buy $600 billion more of U.S. Treasury debt is setting off a debate about the risks of a central bank entwining its policies so tightly with the government's fiscal fortunes. The Fed is essentially lending enough money to the government to fund its operations for several months, something called "monetizing the debt."
In normal times, this is one of the great taboos of central banking because it is seen as a step toward spiraling inflation
