“Then the Fed will be forced

[4plexowner]

“Then the Fed will be forced to buy treasuries to avoid default”

they already are

“Fed just bought 47% of the fresh Treasury debt that was issued the week before”
http://consultingbyrpm.com/blog/2009/08/fed-already-monetizing-debt.html

“Folks, this is beyond bad – it is pernicious and outrageous conduct by The Federal Reserve in conspiracy with the Primary Dealers, both of which are now desperately trying to prop up the US Government Bond Market through subterfuge rather than just buying up the bond issue from Treasury when originally put to the market!”
http://market-ticker.org/archives/1304-BLATANT-Monetization-Uncovered.html