To: fhayek
It’s a daisy chain, other central banks or more likely the Fed via proxy.
8 posted on
05/20/2016 7:02:23 PM PDT by
ChildOfThe60s
(If you can remember the 60s, you weren't really there....)
To: ChildOfThe60s
The Fed has been a backstop, buying all US debt that others didn't want (at low interest rates, of course). If the Fed has all the debt, and we just disintegrate it (along with its balance sheet), poof, what happens? It can't be that easy.
10 posted on
05/20/2016 7:07:52 PM PDT by
fhayek
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