Fed Would Need to Double Quantitative Easing to Keep Pace With US Debt

by Peter Schiff, Schiff Gold: The US government is increasingly relying on the Federal Reserve to prop up the Treasury market and absorb the trillions of dollars in bonds it’s issuing in order to fund its massive budget deficits. The Fed now holds a record 16.5% of US debt. And it’s going to have to buy trillions […]