There is no direct connection between sales of Treasuries and money spent other than a myth in our confused minds.http://fofoa.blogspot.com/2011/11/moneyness.htmlAnd from above on the myth about sterilized bank reserves - the G already spent it into existence:It is also a myth that QE is sterile money creation because (as they like to say) it is all just sitting on the banks' balance sheets as exc