The Fed is printing dollars and giving them to Japan to buy yen so it doesn't have to sell its US Treasury holdings.
https://x.com/ekwufinance/status/2085676356096897210
The Fed is printing dollars and giving them to Japan to buy yen so it doesn't have to sell its US Treasury holdings.
The US has reached a point where the Fed doesn't just have to intervene in its own currency, but also in the currencies of major U.S. Treasury holders if they are forced to sell their holdings.
Lending money to the US is fine... asking for it back threatens to crash the whole financialized house of cards.
posted by Satish Sharma at
03:48
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