Posted 9/11/2021 15:12 (#9214813 - in reply to #9214515) Subject: RE: Might as well BURN your money if it's in bonds
Unfortunately the Fed CAN touch the long bonds. The Fed's published balance sheet shows that of the over 5 trillion dollars in bonds that they own outright, over 4 trillion of this is 1 year or longer, and over 2 trillion is 5 years or longer:
I agree with Old MacDonald that we are long past the point of no return. Unfortunately, 99 percent of investors hang on to every word of Fed speak, and truly believe that inflation is "transitory". The Fed will continue to stimulate and print the currency into oblivion, making all paper assets worthless. Without Fed, we have massive deflation and defaults. Pick you poison.