The Fed is a private institution. The US Treasury can be solvent independently of the Fed. I believe the plan involves loading the Fed with all conceivable debt and letting it sink. Liquidity and new US Dollars will be supplied by the Treasury without the Fed.
I really want to know how Trump and the patriots are going to fix this...
The Fed is a private institution. The US Treasury can be solvent independently of the Fed. I believe the plan involves loading the Fed with all conceivable debt and letting it sink. Liquidity and new US Dollars will be supplied by the Treasury without the Fed.
From the article:
Us debt has to go somewhere.
Nope. Just pile all the debt onto the fed balance sheet and then declare bankruptcy. Problem solved
“Here’s your damn musical chair.”
banker screams in background
(Chair plays It’s a Small World on low fidelity loop)
Yeah, but that "would" is open to question. I don't think they will.
I guess we'll find out.