The fed is having to buy treasury bonds to issue out new dollars (remember almost half of the money in circulation is no more than 10 years old). The more bonds they buy, the more the treasury has control over what the fed can print, and therefore creates an IOU that the fed can't pay back. So the point is to let the fed borrow so much that they basically bankrupt their "federal reserve notes" through the interest owed on the bonds and the devaluation difference, which in turn would make them eventually worthless, and since the bonds are what hold the value of the currency, it would essentially give control back to the treasury to dictate the worth of the dollar like it used to be (and to mint and print their own currency again as well). My analysis is probably a little retarded so someone else can explain this better and correct where i am wrong, but that is the gist of it. It was part of the plan several years ago.

The fed is having to buy treasury bonds to issue out new dollars (remember almost half of the money in circulation is no more than 10 years old). The more bonds they buy, the more the treasury has control over what the fed can print, and therefore creates an IOU that the fed can't pay back. So the point is to let the fed borrow so much that they basically bankrupt their "federal reserve notes" through the interest owed on the bonds and the devaluation difference, and they become worthless, and the bonds are what hold the value of the currency eventually (giving control back to the treasury to dictate the worth of the dollar like it used to be). My analysis is probably a little retarded so someone else can explain this better and correct where i am wrong, but that is the gist of it. It was part of the plan several years ago.