Most of that debt is electronic pesos created by the Fed. What's to stop them from creating more and more to service the debt? They have little choice as government is now creating an additional $1 trillion every 3 months to meet spending needs by the government.
This year, some $8 trillion in previous debt (1-2% interest rates) must be r…
Most of that debt is electronic pesos created by the Fed. What's to stop them from creating more and more to service the debt? They have little choice as government is now creating an additional $1 trillion every 3 months to meet spending needs by the government.
This year, some $8 trillion in previous debt (1-2% interest rates) must be refinanced at rates 2-3 times higher. Again, the Fed will be buying that debt with more electronic pesos from the nethersphere where even the Devil is buying debt.
Most of that debt is electronic pesos created by the Fed. What's to stop them from creating more and more to service the debt? They have little choice as government is now creating an additional $1 trillion every 3 months to meet spending needs by the government.
This year, some $8 trillion in previous debt (1-2% interest rates) must be refinanced at rates 2-3 times higher. Again, the Fed will be buying that debt with more electronic pesos from the nethersphere where even the Devil is buying debt.