bonds

That is not a typo. $6 trillion of counterfeited US bonds were seized by Italian police. Each fake bond had a face value of $1 billion. http://www.bloomberg.com/news/2012-02-17/italy-police-seize-6-trillion-of-fake-u-s-treasury-bonds-in-switzerland.html

As the Fed continues its game and says it is happy enough to end QE2 come June, the question arises- who will buy the $75-100 billion in extra bonds once they exit the market? Europe seems to have its hands tied at the moment as does Japan and China has not been increasing its holding for a...