Never in a million years would I have thought that U.S. Treasuries were just as much of a direct hazard to global financial security as mortgage backed securities.
Discussion
It is all built on fiat. All shit.
Yeah, it’s kind of 🤯 but then again, it’s paper… at least MBS had actual homes behind them 🤣
The call is coming from inside the building...
Now that movie I did see.
Freaked me right TF out.
Everything fiat denominated is a shitcoin
worse probably
riSk FReE
zero bound interest rates wreak havoc on everything. no one can price risk, so they pay millions for monkey pics and infinity on return free risk bonds.