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IPFS News Link • Economy - Economics USA

US bonds sale faces market resistance

The US Treasury is facing an ordeal by fire this week as it tries to sell $100bn (£62bn) of bonds to a deeply sceptical market amid growing fears of a sovereign bond crisis in the Anglo-Saxon world.

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Comment by Erin McCarthy
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If only Congress would grow a spine and coin (as in 'coin a phrase'; invent) its own money to do what it needs to do. IF THE GOVERNMENT CAN PRINT TREASURY BONDS TRADED WORLDWIDE AS MONEY, IT CAN PRINT ITS OWN ACTUAL MONEY AND LEAVE OUT THE INTEREST/DEBT GENERATING 'FEDERAL' 'RESERVE' CARTEL!

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