Soon to be confirmed, US Treasury Secretary Janet Yellen made the case earlier this past week for many more trillions in stimulus and infrastructure spending. All, of course, will be financed out of thin air and rationalized given the viral shock to the economy and still current historically low-interest rate regime.
Of course, ours is not the only privately owned central bank in the world, creating currency out of thin air and adding to their balance sheet.
This year 2021, we can again expect the private Federal Reserve's balance sheet to balloon as the US government rolls over and refinances a record $8.5 trillion in government IOUs.
https://www.zerohedge.com/news/2021-01-23/massive-silver-bets-treasury-wants-more-trillions
Soon to be confirmed, US Treasury Secretary Janet Yellen made the case earlier this past week for many more trillions in stimulus and infrastructure spending. All, of course, will be financed out of thin air and rationalized given the viral shock to the economy and still current historically low-interest rate regime.
Of course, ours is not the only privately owned central bank in the world, creating currency out of thin air and adding to their balance sheet.
This year 2021, we can again expect the private Federal Reserve's balance sheet to balloon as the US government rolls over and refinances a record $8.5 trillion in government IOUs.
https://www.zerohedge.com/news/2021-01-23/massive-silver-bets-treasury-wants-more-trillions
(post is archived)