The US government has proven they can have infinite deficits if needed to bail out the big banks.
When you have a Federal Reserve bank in your basement there are no rules.
Reverse Repo Draining Fast! What Happens When It’s Gone?
The Reverse Repo has been quietly injecting money into the bond market since the debt ceiling was suspended in June. There is now just $912B remaining, down from nearly $2.3 trillion just a few months ago. Now the question on everybody’s mind, what happens when it gets to zero? Joe Brown from @HeresyFinancial joins me to talk about what happens next.
https://youtu.be/bTNFLD0w4s4?si=u0XQKBGY4Mkw8ydO