So I guess no one else wants to buy US bonds so we are just printing more money to pay for the debt that we owed:
In its surprise move, the Fed said it would buy up to $300 billion of longer term U.S. government debt over the next six months and expand its existing program to buy mortgage related securities by another $850 bln to $1.45 trillion this year.
I sure hope there’s a big long-term plan here that I am not seeing, because the value of the dollar is going down the toilet.
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