I save so much time NOT reading the fiat macro stuff. We know it is default or debase, the path chosen is ALWAYS debase. It began in October of 2022. https://www.bloomberg.com/news/articles/2022-10-12/yellen-worries-over-loss-of-adequate-liquidity-in-treasuries
I make the mistake of logging into Twitter and this is the first post I see.
What an absolute 🤡 show traditional finance is! Jeff Booth is so salient in his point that they can’t solve the problem because the only lens & tools they know how to use is from the legacy system.
https://twitter.com/brad_setser/status/1627018916328267778?s=46&t=URqdgunief75jzFxj-2cmg
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