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"The continuous injection of additional amounts of money at points of the economic system where it creates a temporary demand, which must cease when the increase of money stops or slows down, together with the expectation of a continuing rise in prices, draws labor and other resources into employments which can last so long as the increase of the quantity of money continues at the same rate...or perhaps even only so long at it continues to accelerate at a given rate...would rapidly lead to a disorganization of all economic activity."...F. A Von Hayek "The Pretence of Knowledge" Nobel Memorial Lecture 12/11/74

In other words failing the US consumer to continue consumption due to being tapped out and thusly keep Demand up, the FED and US Treasury has had to step into the breach to continue to juice the system or else...

From this one can see why the FED quickly backed off it raising of interest rates and reducing it's balance sheet in December 2018. The Equity market telegraphed just how quickly the economy was moving south in light of the FED not juicing the system with low interest rates and continuing with a sea of liquidity.

Both the FED and US Treasury have embarked on a path of no return since the economic system went default in the last quarter of 2008. Now it is only a matter of when they reach the limits of debt creation and currency debasement.

What is interesting is the continuing foreign attraction for USD and US Debt Instruments. One is that foreign economics (if the US cant consume foreign workers are unemployed) are in worse shape than the US which will be the last high ground to be inundated, two that foreign capital is used to continue to juice the US economy so that foreign economies do not tank with the American economy. Notable is the fact that the major economies of the world continue to juice their own systems, printing money, creating deb and lending with easy terms. This is seen as a measure to keep an economic equilibrium in the face of USD currency debasement (the value of their currency also falls). Also as a measure to keep their own work force employed in the face of falling US demand.