What do you think the “extraordinary measures” are that the Treasury is taking to deal with the debt ceiling?
Discussion
Seems likely that there will be / already is money printing going on behind closed doors, while the facade of QT is upheld
They are going to plug in ANOTHER money printer into an outlet?
Funding the war in Ukraine?
Uh oh. Fiat entitlement problems.
They basically steal from any governmental pension funds invested in treasuries.
https://home.treasury.gov/system/files/136/Description_Extraordinary_Measures-2023_01_19.pdf
It means draining from the Treasury General Account (TGA) which offsets the QT being done by the Fed.
Suspende funding govt pension. Will make whole later FWIW