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Well this made me sit up straight and take notice! However, I don't have the training to fully comprehend and independently evaluate the elements of this analysis.
Re: The Shell Game - How the Federal Reserve is Monetizing Debt
If you have the time I strongly recommend you (and everyone else!) watch Chris Martenson's Crash Course.
You can find it on his main page at http://www.chrismartenson.com/ which, in his words: "You should start with the Crash Course. This series of videos is, I think, the clearest and most straightforward explanation of how our economy, energy systems and environment interact -- how we got to where we are today, and some reasonable expectations for the future."