Stocks creep up; Dow rises for seventh day running

[Psephos]

16. You're just the kind they're counting on.

The truth is, the Fed is buying about two-thirds of Treasuries, using "money" that they simply print - it has no actual wealth or assets behind it, so it represents nothing that any humans have made, owned, or invented.

They call this "Quantitative Easing." Its real name is Ponzi.

If the Fed stopped printing fake money - currently $85 billion/month - and using it to buy Treasuries, the interest rate on T-bills would rise at bare minimum to the historic norm of 5 - 6%, and the government would go bankrupt trying to pay the interest, which would jump half a trillion per year, coupled with the loss of borrowed money flowing in, at another 1 to 1.5 trillion per year. This would trigger the same kind of interest spike that Greece saw (went from 8% to 25% in two weeks, when the music stopped playing). The US dollar would be dumped as reserve currency, and the economy would freeze cold as government finance went into a death spiral that would end just as Zimbabwe's did.

Your concept of money evaporating at face value (whatever that means) and being replaced by a conscientious Fed dollar for dollar is so easily shown false that one can only guess what the emotional reasons are that drive your defense of the elites who are destroying us.