Reply #6: ->ATTENTION: Starting this June, the Federal Reserve will nolonger be purchasing Federal...

[Poll_Blind]

...debt in a program which began in Nov of 2010 and is planned to end a few days from now. $600 billion was used to purchase long-term Treasury securities, at about 75 billion spent per month.

Take just a second and stop right there. Remember we're talking about billions of dollars, here. Re-read the first two sentences in my post. Think about the enormity of what that actually means.

Anyway, I have heard that interest rates would be going up after the program ends and that big business has been snatching up as many dollars as they can before the interest rates go up. I have no idea, really, what will happen. Nobody else does either. But something is going to happen when nobody's blowing $75 billion a month to buy our debt.

Again, we're talking 75 billion dollars a month. That's 75 BILLION. A EVERY MONTH.

HERE is the link to the Federal Reserve's statement on the "program", btw. I hope you read it with your own eyes because I would never believe it were true if I didn't read it myself.

PB