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RE: Fed. Chair Powell LIED To Congress Right In His Opening Statement! By Gregory Mannarino
I totally monitor the Fed Audits as well. They keep feeding the kool aid to the masses. The amount of liabilities the federal government has is massive and the budget deficits continue to widen. The only way out of this is to go to the printing press. Hold on to your precious metals, crypto, and property!
Upvoted and Resteemed!!!!
They will absolutely try to monetize the deficits. They did during the Obama era when deficits were less than what is now projected today. They cannot afford the debt service payments when US goes to sell bonds and interest rates go to the moon with no formidable supply of "real" buyers in the market. So the Fed will inevitably need to Print, Print, Print and purchase more bonds, MBS, stocks, whatever.