Originally Posted by
JBmurc
Not angry ..but how does it make any sense ? Businesses are booming -retailers are feeling rich .Inflation is running..yet the FED must continue to create trillions to buy more debt ?? why ? US. Nominal growth is on fire >>>
IMHO because they know if they don't yields on the Debt will rise some of the word are getting away from the USD and are not interested in Buying up the Trillions in never ending Bonds ...they have their own interests and with over 7 trillion in USD debt held outside the US ...Over many years CB are converting to new Digital Fiats , Gold ...Crypto even,,, etc
As they say never let a Good disaster go to waste pre COVID ...What was the US debt in 2019? $16.8 trillion
At the end of 2019, federal debt held by the public was $16.8 trillion, equal to about 79 percent of GDP, a higher percentage than at any other time since just after World War II.....along comes COVID oh no we must print like we never have before >>> now Biden comes out with "350mill Americans have been vaccinated" !!
Well ? why isn't there a major tapering ....Higher taxes...higher rates etc ???
Its like feeding medicine to a person thats overcome the sickness ... but not only the same amount of medicine but more and more ....its a PONZI