...is only as safe as the words of some well-intentioned but ultimately worthless politician. "The sky is falling" chirped the canary as the last coal mine collapsed, but all the people had gone and taken the remaining props with them.
"As I’ve been saying/asking for years during this slow and openly-ignored frog-boil toward credit implosion (nod to any lobby-bought politician near you), who will be the final buyer of our fatal debts in a world where no private sector entities have the balance sheets to do so?The answer is sad, simple and already obvious: The Fed. And where will the Fed find the money to pay for those increasingly more expensive debts (nod to Powell)? The answer is sad, simple and already obvious: Out of thin air."
