Monetization

A daily dose of realism from Inflation.us; China dumping American T-bills, the Fed's predictions for slower recovery requiring more stimulus and more monetization of the debt, foreclosures, etc.  Keep in mind that the entire stated purpose of the Federal Reserve System is to set monetary policy to ensure economic stability.  The same formula as the United Nations' Charter is to establish an end to war and genocide...and both organizations were brought to you by the same progressives. Fed Gets More Power, Responsibility After fending off most challenges to its independence and winning new powers to oversee big financial firms, the…