Don’t forget: They printed $10,000,000,000,000 gave out $1,400 in stimmy checks, sent the rest to their homies and left you with 8% mortgage rates.
Brilliant for a few, very painful for you. That’s the fiat system. #Bitcoin fixes this.
Discussion
A government eats fish that you caught. Then throws you leftovers. Story as old as the world.
They'll keep doing it until the currency collapses.
Rates, inflation and taxes will keep rising for everyone, while the government cronies will keep "borrowing" more at whatever rate. They are the borrowers of last resort to the CBs.
Thanks to this siamese symbiosis between the governments and the CBs, the goverments are the only borrower who doesn't care about the cost of money.
Honestly, I don't get how macro pundits seemed to not be able to conceptualize the goverments borrowing not being negatively correlated with they yields.