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Flow of funds data shows central banks, either the Fed or overseas, funded 90% of the government...

Flow of funds data shows central banks, either the Fed or overseas, funded 90% of the government deficit in Q4 2010. These purchases are funded with currency created by the click of a mouse button ... no wonder commodities are screaming and Bill Gross dumped his long bonds.
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Comments (9)
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    yep...ponzi.
    18 Mar 2011, 12:57 PM Reply Like
  • Gaping hole in the ocean
    , contributor
    Comments (207) | Send Message
     
    Taking some folks a little longer to catch on I take it?
    18 Mar 2011, 01:02 PM Reply Like
  • Jim P. Smith
    , contributor
    Comments (437) | Send Message
     
    Congress could put a stop to it if they'd stop deficit spending - yeah a pipe dream in today's world but it did happen previously in my lifetime.
    18 Mar 2011, 01:04 PM Reply Like
  • wyostocks
    , contributor
    Comments (8226) | Send Message
     
    QE3 in July.....................
    18 Mar 2011, 01:06 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    90%..wow..and right now they are fighting over 50 billion in cuts...and the funny part is that they are probably not cuts..just reduction in increases...we are in big trouble...
    18 Mar 2011, 01:06 PM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    An appropriate response to the the GFC.

     

    E
    18 Mar 2011, 01:09 PM Reply Like
  • apberusdisvet
    , contributor
    Comments (2896) | Send Message
     
    The CR approved $6billion in meaningless cuts while at the same time the deficit rose $72billion. Looks like one step forward, and 12 steps back. At this rate, we'll hit a deficit of 1000% of GDP long before the decade is over. Apparently this seems just peachy to the delusionals in DC. Our pitchfork moment is coming.
    18 Mar 2011, 01:51 PM Reply Like
  • Duude
    , contributor
    Comments (3382) | Send Message
     
    Bill Gross unloaded his Treasuries on the only party willing to pay up---the Fed.
    18 Mar 2011, 01:57 PM Reply Like
  • Mad_Max_A_Million
    , contributor
    Comments (1175) | Send Message
     
    As long as some dumb sucker is willing to keep buying all this obscene debt, Anthony Weiner and Reid will continue to demand more spending (less cuts).

     

    PT Barnum said it all.
    18 Mar 2011, 02:00 PM Reply Like
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