As many treasuries as the Banking Cartel buy today the banks who receive the "credits" in their Federal Reserve Accounts will be in no better position tomorrow to lend any more credit than they were yesterday. Simply put, even if they are willing to lend their must be someone willing to borrow for such a transaction to occur.

It is only the net effect of all those such transactions that expands the credit/money supply.

Yes, the expansion of credit through lending is one way to expand the money supply, but that is most certainly not what happens when the Fed buys treasuries directly from the US Treasury. When the Fed does that, it is de-facto printing money and injecting it directly into the money supply, without the intermediary of a borrower. It is monetizing the debt, and it is starting a lot sooner than I thought it would. It seems there aren't enough takers for the US's long-term debt. Not at the rates they would like.