The US can either;
choose to be the worlds bank (& keep it’s “reserve currency” status)
OR
choose have an productive employment economy that manufacturers/exports goods
It can’t have both
Discussion
why not?
Because if the US is not buying and importing from (competing) exporting nations, why would other countries continue to buying their bonds
Pretty informative channel that responds to your question in detail.
Matthew Kratter is also a great bitcoin content creator
Another good article:
Very good read, thanks for sharing it.
“Subsequent to my return to the jungle, I sat down for a deliciously spicy Sichuan meal with my favourite hedge fund manager. We caught up on personal matters, and then spent the majority of the dinner talking about the implications of the Fed’s new Bank Term Funding Program (BTFP). BTFP also stands for Buy The Fucking Pivot! I thought I understood the magnitude of what the Fed just did, but I did not fully appreciate just how impactful this policy will truly be. I will go into detail about what I learned a bit later in the essay — but suffice it to say, BTFP is Yield Curve Control (YCC) repackaged in a new, shiny, more palatable format. It is a very clever way to accomplish unlimited buying of government bonds, without actually having to buy them.”