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If you missed your chance to stock up on double ply UST (T is for toilet) paper, fear not: you will have another chance to buy some again... and again... and again. The first opportunity will be on August 11th and 12th, when a total of $75 billion pieces of paper, backed by another rapidly deflating piece of paper will be made available for your indirect (or is that direct?) auction pleasure.

Specifically:

$37 Billion in Three Year Notes;

$23 Billion in Ten Year Notes;

$15 Billion in Thirty Year Notes;

And here is how America became $304 billion dollars more indebted to China (and Itself compliments of monetization), since July 24 (click to enlarge). That's almost a third of a trillion in new debt issued in under a month.

Source: $75 Billion in New Treasuries on Deck Momentarily