2011-10-02financialsense.com

"The Fed's announcement that they will be selling $400 billion of short-term treasuries in order to buy $400 billion in long-term treasuries is not the confusing or ineffective obscurity many observers mistakenly believe it to be, but rather it is a textbook example of the strategy of Financial Repression that the US government has chosen in an attempt to avoid either hyperinflation or default. Succinctly put, the key is to take the massive financial pain that would otherwise be forced on the federal government, and instead move the burden elsewhere."


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