by 68Camaro » Tue Nov 28, 2023 10:32 pm
The sages of yesteryear predicted (10 or 20 or more years ago) that the day would come when they (the Fed) would need to sell but no one would buy, and it looks like we are almost there. QE to infinity. The Fed will be reduced to buying back their own notes with inflated dollars, and that is when the ugly spiral starts and at some point they are powerless to stop it short of a major reset (walking away from the debt, and / or a major war, and / or a dictatorship).
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.