Comment: Fed Buys Back 30 Year Bond Auctioned Off Last Thursday

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SteveMT's picture

Fed Buys Back 30 Year Bond Auctioned Off Last Thursday

[It's called currency debasement or monetizing the debt.]

Earmuffs time for those people (all utterly clueless three or so of them) that the Fed does not monetize the US debt.

From last Thursday, the the US Treasury so generously issued $16 billion in 30 year bond (Cusip: QZ4)...
http://www.zerohedge.com/news/2013-02-19/fed-buys-back-30-ye...