US Government Issues $333 Billion Net In Marketable Debt In March, Second Biggest Ever

Few realize the extend of debt issuance yet to come. The dollar and bond market are becoming increasingly sensitive to the private to public transfer (public debt issuance to recapitalize the private sector). In the end, the sovereign debt and currency markets pay the price for the preservation of the system.

In March, the US government issued a massive amount of debt: $332.8 billion - the biggest amount ever since the all time record of $545 billion raised (most of it purchased by the Fed) during the apex of the financial crisis in October 2008. The US Treasury had $12.717 trillion in debt subject to limit at the end of March, compared to just $12.384 trillion in the beginning of the month. The private-to-public debt transfer is going as planned, still in the full absence of the shadow economy.

Source: zerohedge.com