Subnostr

If interest rate stay the same(5.3%) the fed will have to print more than $10T over the next 5years to pay interest on the debt only. Plus they will need to print an other $10T this year 2024 for rolling over old debts that are maturing. So yeah whoever get elected this year will have a lot of printing to do. Get #Bitcoin?

Bitcoin Eoin 🇮🇪 1y ago

The Fed won't have to print for everything. There is still substantial demand from the private sector for treasuries at the moment, but it's on the decline.

Buy #Bitcoin or have fun staying poor.

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Discussion

PiecoverBTC 1y ago

True there is some demand from the private sector but not from nation states like China, Japon, Russia,.. Which used to be the predominant buyers. Confidence is falling since they realised US can't pay back their debt other than printing fake money to keep the scam going.

You're right #Bitcoin or have fun

Bitcoin Eoin 🇮🇪 1y ago

Confidence is falling because the US is moving towards #bitcoin. Bitcoin is eating fiat's lunch.

Bitcoin Eoin 🇮🇪 1y ago

Tbills are more and more being purchased by American banks. They can be used as collateral with the Fed.

PiecoverBTC 1y ago

All.US Banks are insolvent in practicing this specific task. Without the BTFP most of them would be closed already

PiecoverBTC 1y ago

Banks are on a 24/7 bailout mode