Looks like the Federal Reserve is going to be busy buying up $300bn+ of new Treasury Notes when the "emergency measures" in place since May are reversed. (Congress voted for a limitless rise in the National Debt until January.)
After all nobody else is buying them now. Nobody except Japan buying a few with their own printing presses in overdrive. Foreigners are now net sellers. No cuts in spending. No cuts in the $1.3tn a year of Corporate Welfare. With current policies Federal spending will be over $6tn in 2023. Over $3tn deficit expected in 2023. $40tn+ National Debt expected by 2023 - 250% of GDP. Dollar collapse and government debt default are just a matter of time. .
No comments:
Post a Comment