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Napanee, Ontario | ....which i believe they won't let happen...which means the Fed really can;t stop buying treasuries....
OR
they do a structured default. Ie. on only the amount of bonds the worldwide central banks have on their books. Load up as much treasuries as you can onto the Fed, and then once you got enough in there, pull the pin on just that amount. Called a haircut. IMF recently wrote a paper on it, and someone else posted it here not to long ago. Kind of like a Big reset...
the only losers are the central banks.... but they printed the money out of thin air to buy the bonds in the first place. Anyone who got to unload treasuries to them at record high prices over the last 5 years....well they come out smelling like roses. The middle class remains just as poor as before, and the whole merry go round can start back up for another 20 years.
Sound like a good plan??? Hahaha
The more i scratch my head about this whole conundrum we are all in, the more likely that outcome seems. | |
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Is inflation on our doorstep?
