Bernanke Glares at maturing debt and has to take the dollar behind the woodshed

Thanks to Economic Policy Journal for the head's up

Link to their site

The volume of US debt that will roll over in the next two years is simply staggering (Never mind the new debt). Nomura's Rates Radar Weekly shows the vertical ascent that is about to take place. Bernanke needs to depreciate the value of the dollar to insure there are enough of them around to absorb this debt. Remember, the Social Security Trust Fund which used to be a net buyer of up to 25% of all Treasury issues is now a net liquidator, and China is a nervous buyer when it is buying.