Teach me please.
I was flippen through the CFR News channels and chanced across Glen Beck Talking about the Treasury auction off 7 yr notes and a party buys it. Good. Then the I think the NY Fed buys it from the middle man. Does this Mean that The treasury can't sell our debt to other countries and they do this to lul people in a everything is ok? What does it mean when they talk about the IMF Monetizing the National Debt?