And they’ll be TARP II, and we’ll just kick the can further down the road.
Shortly after there will be TARP III.
Only problem is that by the time that becomes necessary, there won’t be enough world wide funds to finance the US debt and borrowing.
If U.S. is no longer the world reserve currency, and if we can no longer sell Treasuries, we won’t be able to do that. They can only turn the U.S. dollar printing presses up from “super high speed” to “warp speed”, which will make the implosion almost instantaneous at that point. I don’t think there will be any more road to kick the can down at that point.
Got that right. We are literally Too Big to Fail.
Picture the ChiComs and Saudis about a week after their biggest and best customer goes broke. They will keep the lie going as long as they possibly can.