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Higgenbotham's Dark Age Hovel
Re: Higgenbotham's Dark Age Hovel
The US deficit is over $2 trillion per year in "good times". With any kind of crisis they will print like crazy. Given how hostileHiggenbotham wrote: ↑Sat Mar 08, 2025 8:36 pmMy expectation is that as the new dark age tightens its grip, Trump will be spending more and more of his time fighting the crisis or distraction du jour, whether it be the next financial crisis, pandemic, wildfire, measles outbreak, etc., etc., and any grand plans will fall by the wayside and be forgotten.
Trump has been even to US allies, it is crazy for any country to hold lots of US treasuries. If other countries sell them and
the US gov needs to sell $9 trillion in the next 12 month (roll over $7 trillion and $2++ trillion new) then the Fed is going to
have to start printing and buying. Once the QE really gets going and clearly can't stop, it is crazy for any country/company/individual to hold 10, 20, or 30 year treasuries. Everyone should sell, the Fed will be printing tens of trillions. The dollar is doomed.
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