Monetizing debt again: Federal reserve to "buy" $60 billion per month in treasuries (employment, economy)

[lovecrowds]

https://www.marketwatch.com/story/fe...0-11-111034716

https://www.treasurydirect.gov/NP/debt/current

Looks like the "federal reserve" will buy treasuries to keep this debt bonanza afloat.

It seems as though it's just a massive serviced based economy based on government spending, racking up massive amounts of debt and complicating society to the point that a vast majority of the population is becoming very sick and stressed.

I watched a video of the economy in 1959 in a major city and the economic structure made much sense back then, unlike these days where the structure of the economy is just very questionable and ultra-complicated.

https://www.youtube.com/watch?v=YrGHc6B4m_M

Seems as though this is a desperate move to keep interest rates unrealistically low.

The house of cards is more or less worldwide with many fishy things going on in virtually every country to keep this charade afloat.

[TimAZ]

Modern Monetary Theory. Debt = money = growth. Central banks create the debt needed to achieve full employment. The debt will never be repaid, so the amount is irrelevant. Should interest rates rise and increase the carrying cost, then more debt will take care of that as well.

Sounds really crazy, but they signed us up for it...