dstraito
TB Fanatic
This is one of the things many of us have been looking for. For some time we have been saying the only way out for .Gov was to hyperinflate so the debt becomes cheaper to pay back. One of the ways to do this was when US Debt in the form of Treasury Bills started becoming more expensive in order to get Foreign Countries to buy it.
Why would the Feb ever buy Treasury Bills anyway?
The U.S. Treasury next month will go back to relying on the kindness of strangers like never before to purchase the nation’s burgeoning debts — and taxpayers may have to pay higher interest rates to attract enough foreign investors, analysts say.
Though a significant rise in interest rates could be toxic for a softening U.S.
The Fed is estimated to have bought about 85 percent of Treasury’s securities offerings in the past eight months.
That leaves the Treasury, which is slated to sell near-record amounts of new debt of about $1.4 trillion this year, without its main suitor and recent source of support, and forces it back into the vagaries of global markets. Among the countries that will have to step forward to prevent a debilitating rise in interest rates are China, Japan and Saudi Arabia — and even hostile nations such as Iran and Venezuela with petrodollars to invest, according to one analysis.
more at
From http://www.washingtontimes.com/news/2011/jun/7/lack-of-buyers-may-force-treasury-to-boost-interes/
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